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EXHIBIT A
<br />OFFICIAL
<br />NOTICE OF SALE
<br />$56,000 GENERAL OBLIGATION FIRE EQUIPMENT BONDS OF 1974
<br />$850,000 GENERAL OBLIGATION SANITARY SEWER
<br />IMPROVEMENT BONDS OF 1974
<br />CITY OF HUGO, MINNESO`T'A
<br />NOTICE IS HERIEBY GIVEN THAT the City Council of
<br />Hugo, Minnesota, will meet at the City Hall in the City of
<br />Hugo, on Monday, March 18th, 1974, at 8:00 o'clock P.M.,
<br />to receive, open and consider bids for the purchase of
<br />$906,000 negotiable coupon, general obli.Eation Uonds of the
<br />City on the following terms:
<br />Redemption Feature
<br />Bonds maturing in the years 1985 through 1995 will each be subject
<br />to redemption and prepayment at the option of the City Council
<br />and in inverse numerical order, on April 1, 1984, and any inter-
<br />est payment date thereafter, at 100% of par plus accrued interest.
<br />Interest
<br />Interest on the bonds will be payable on October 1, 1974, and
<br />semiannually thereafter on each April 1 and October 1.. All
<br />Date and Maturities
<br />The bonds
<br />will be dated April 1, 1974, will
<br />be in denomination
<br />of $11000
<br />or $5,000 each (bidder's option)
<br />and will
<br />mature
<br />on April
<br />1 in the following years and amounts:
<br />Year
<br />Sanitary Sewer Fire
<br />Equipment
<br />Tota
<br />1976
<br />$ 25,000 $
<br />5,000
<br />$ 30,000
<br />1977
<br />25,000
<br />5,000
<br />30,000
<br />1978
<br />25,000
<br />5,000
<br />30,000
<br />1979
<br />30,000
<br />5,000.
<br />35,000
<br />1980
<br />30,000
<br />5,000
<br />35,000
<br />1981
<br />30,000
<br />5,000
<br />5,000
<br />35,000
<br />40,000
<br />1982
<br />1983
<br />35,000
<br />35,000
<br />5,000
<br />40,000
<br />1984
<br />40,000
<br />5,000
<br />115,;,00
<br />1985000
<br />6,000
<br />45,000
<br />46,000
<br />1986
<br />40,000
<br />1987
<br />45,000
<br />45,000
<br />1988
<br />45,000
<br />45,000
<br />1989
<br />50,000
<br />50,000
<br />1990
<br />50,000
<br />50,000
<br />1991
<br />55,000
<br />55,ouo
<br />1992
<br />60,000
<br />60,000
<br />1993
<br />60,000
<br />6o,000
<br />1994
<br />65,000
<br />65,000
<br />1995
<br />65,000
<br />65,000
<br />Redemption Feature
<br />Bonds maturing in the years 1985 through 1995 will each be subject
<br />to redemption and prepayment at the option of the City Council
<br />and in inverse numerical order, on April 1, 1984, and any inter-
<br />est payment date thereafter, at 100% of par plus accrued interest.
<br />Interest
<br />Interest on the bonds will be payable on October 1, 1974, and
<br />semiannually thereafter on each April 1 and October 1.. All
<br />
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