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EXHIBIT A <br />NOTICE OF BOND SALE <br />$1,210,000 <br />CITY OF HUGO <br />WASHINGTON COUNTY <br />MINNESOTA <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS OF 1991 <br />(Global Book Entry System) <br />These Bonds will be offered January 7, 1991. Sealed bids will be <br />opened at 3:00 o'clock P.M., Central Time, at the City Hall in <br />Hugo, Minnesota 55038. Consideration of the bids and award of <br />the sale of the Bonds follow the opening of the bids at 7:30 <br />o'clock P.M. The Bonds will be dated January 16, 1991, as the <br />date of original issue. Interest will be payable on August 1, <br />1991, and semiannually thereafter. The Bonds will be general <br />obligations of the Issuer for which its unlimited taxing powers <br />will be pledged. The Issuer will designate the Bonds as <br />qualified tax-exempt obligations. The Bonds will be issued in <br />global book entry form only. The Bonds will mature on February 1 <br />in the years and amounts as follows: <br />Year <br />Amount <br />Year <br />Amount <br />1993 <br />$50,000 <br />2001 <br />$ 85,000 <br />1994 <br />50,000 <br />2002 <br />90,000 <br />1995 <br />550.000 <br />2003 <br />95,000 <br />1996 <br />60,000 <br />2004 <br />100,000 <br />1997 <br />65,000 <br />2005 <br />110,000 <br />1998 <br />70,000 <br />2006 <br />110,000 <br />1999 <br />75,000 <br />2007 <br />115,000 <br />2000 <br />80,000 <br />All Bonds maturing on or after February 1, 1999, are subject to <br />prior payment on February 1, 1998, and any interest payment date <br />thereafter at a price of par plus accrued interest. Sealed bids <br />for not less than $1,192,600 and accrued interest on the <br />principal sum of $1,210,000 will be accepted. An approving legal <br />opinion will be furnished by Briggs and Morgan, Professional <br />Association, of St. Paul and Minneapolis, Minnesota. The <br />proceeds will be used to finance various street improvements in <br />the City. <br />11069 <br />A-1 <br />