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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 HUG 0, MINNESOTA
<br /> NOTICE IS HEREBY 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 obligation bonds of the
<br /> City on the following terms:
<br /> Date and Maturities
<br /> The bonds will be dated April 1, 1974 , will be in denomination
<br /> of $1,000 or $5,000 each (bidder's option) and will mature
<br /> on April 1 in the following years and amounts:
<br /> Year Sanitary Sewer Fire Equipment Tota'
<br /> 1976 $ 25,000 $ 5,000 $ 30,000
<br /> 1977 25,000 5,000 30,000
<br /> 1978 25 ,000 5,000 30,000
<br /> 1979 30,000 5,000 35,000
<br /> 1980 30,000 53,000 35,000
<br /> 1981 30 ,000 5,000 35,000
<br /> 1982 35,000 5,000 40,000
<br /> 1983 35,000 5,000
<br /> 1984 40 ,000 5,000 4`5,000
<br /> 1985 4o ,000 5,000 45,000
<br /> 1986 40,000 6,000 46,000
<br /> 1987 45,000 45,000
<br /> 1988 45,000 45 ,000
<br /> 1989 50,000
<br /> 1990 50 ,000 50,000
<br /> 50,000
<br /> 1991 55,000
<br /> 1992 60 ,000 55,ouo
<br /> 60 ,000
<br /> 1.993 60,000 60,000
<br /> 1994 65,000 65,000
<br /> 1995 65,000 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 l. . All
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