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Purchaser. Legal opinion will be <br />printed on the bonds at the request <br />of the successful bidder. <br />TYPE OF BID: Sealed bids of not less than <br />$1,192,600 plus accrued interest on <br />the principal sum of $1,210,000 <br />from date of original issue of the <br />bonds to date of delivery must be <br />filed with the undersigned prior to <br />the time of sale. Bids must be <br />unconditional except as to <br />legality. A good faith deposit in <br />the amount of $24,200 must be <br />submitted with each bid. The good <br />faith deposit must be in the form <br />of a certified or cashier's check <br />or bank draft or a wire transfer of <br />funds to Resource Bank & Trust <br />Company, of Minneapolis, Minnesota, <br />ABA #09-10-0550-6 for further <br />credit to Ehlers and Associates, <br />Inc., Bond Issue Escrow Account <br />#850-788-1, Attention: Molly <br />Majerle. The good faith deposit <br />will be retained by the City as <br />liquidated damages if the bid is <br />accepted and the bidder fails to <br />comply therewith. Bids for the <br />bonds should be addressed to: <br />Ken Huber, <br />City Administrator <br />Hugo City Hall <br />5524 Upper 146 Street <br />Hugo MN 55038 <br />RATES: All rates must be in integral <br />multiples of 1/20th or 1/8th of 1%. <br />No limitation is placed upon the <br />number of rates which may be used. <br />All bonds of the same maturity must <br />bear a single uniform rate from <br />date of issue to maturity, and no <br />rate of any maturity may be lower <br />than the highest rate applicable to <br />bonds of any preceding maturities. <br />11069 <br />B-4 <br />