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RES 86-034 RESOLUTION AUTHORIZING ISSUANCE OF AND SALE OF $1,210,000 LIQUOR STORE REVENUE BONDS, SERIES 1986
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RES 86-034 RESOLUTION AUTHORIZING ISSUANCE OF AND SALE OF $1,210,000 LIQUOR STORE REVENUE BONDS, SERIES 1986
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RES 1986
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RES 86-034 RESOLUTION AUTHORIZING ISSUANCE OF AND SALE OF $1,210,000 LIQUOR STORE REVENUE BONDS, SERIES 1986
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NOTICE OF SALE <br /> CITY OF ST. ANTHONY, MINNESOTA <br /> $1 ,210,000 LIQUOR STORE REVENUE BONDS, SERIES 1986 <br /> Sealed bids for the purchase of these Bonds will be received by <br /> the City Manager or his designee until 12:00 Noon, Central <br /> Time, on Monday, November 10, 1986, at the offices of <br /> Springsted Incorporated, 85 East Seventh Place, St. Paul, <br /> Minnesota. The Bonds will be dated December 1, 1986, will bear <br /> interest payable semiannually commencing on July 1, 1987, and <br /> will mature on January 1 , in the ' following years and amounts: <br /> Year Amount Year Amount <br /> 1989-1990 $45,000 1997 $ 80,000 <br /> 1991 50,000 1998 90 ,000 <br /> 1992 55,000 1999 95,000 <br /> 1993 60,000 2000 105,000 <br /> 1994 65 ,000 2001 115,000 <br /> 1995 70 ,000 2002 125,000 <br /> 1996 75 ,000 2003 135,000 <br /> Bidders must specify a price of not less than $1 ,187,010 plus <br /> accrued interest, and interest rates for each maturity and a <br /> net average interest rate for the issue not exceeding the <br /> maximum permitted by law. A legal opinion will be furnished by <br /> Dorsey & Whitney, of Minneapolis and St. Paul, Minnesota. The <br /> proceeds will be used to construct, remodel and equip liquor <br /> store facilities. <br /> Dated: October 14 , 1986. <br /> BY ORDER OF THE CITY COUNCIL <br /> Carol Lou Johnson, <br /> City Clerk <br /> Further information may be obtained from the Issuer's Financial <br /> Advisor , SPRINGSTED INCORPORATED, 85 East Seventh Place, Suite <br /> 100, St. Paul, Minnesota, 55101 , 612/223-3000. <br /> • <br />
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