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AWARD: Award will be made solely on the <br />basis of lowest dollar interest <br />cost, determined by addition of any <br />discount to and deduction of any <br />premium from the total interest on <br />all bonds from their date to their <br />stated maturity. <br />INFORMATION FROM The successful purchaser will be <br />PURCHASER: required to provide, in a timely <br />manner, certain information . <br />relating to the initial offering <br />price of the bonds necessary to <br />compute the yield on the bonds <br />pursuant to the provisions of the <br />Internal Revenue Code of 1986, as <br />amended. <br />QUALIFIED TAX The City will designate the <br />EXEMPT OBLIGATIONS: bonds as qualified tax exempt <br />obligations for purposes of Section <br />265(b)(3) of the Internal Revenue <br />Code of 1986, as amended. <br />The City reserves the right to reject any and all bids, to waive <br />informalities and to adjourn the sale. <br />Dated: December 17, 1990 <br />BY ORDER OF THE CITY COUNCIL <br />�sl Mary Ann Creager <br />City Clerk -Treasurer <br />Additional information <br />may be obtained from: <br />EHLERS AND ASSOCIATES, INC. <br />2950 Norwest Center <br />90 South 7th Street <br />Minneapolis MN 55402-4100 <br />Telephone No.: (612) 339-8291 <br />Fax: (612) 339-0854 <br />11069 <br />B-5 <br />