HomeMy WebLinkAbout1977 09-14 Public Notices THE REVIEW s _
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NOTICE OF BOND SALE NOTICE OF BOND SALE
$3,815,000 GENERAL $4,815,000 GENERAL
OBLIGATION IMPROVEMENT OBLIGATION REFUNDING
BONDS OF 1977,SERIES 2 BONDS OF 1977
CITY OF MAPLEWOOD CITY OF MAPLEWOOD
RAMSEY COUNTY RAMSEY COUNTY
MINNESOTA MINNESOTA
NOTICE IS HEREBY GIVEN that these bonds will be NOTICE IS HEREBY GIVEN that these bonds will be
offered for sale according to the following terms: offered for sale according to the following terms:
TIME AND PLACE: TIME AND PLACE:
These bonds will be offered September 29,1977.Bids These bonds will be offered September 29,1977. Bids
will be opened at 11:00 a.m.,Central Time,at the City will be opened at 11:00 a.m.,Central Time,at the City
Council Chambers,City Hall in Maplewood,Minnesota. Council Chambers,City Hall in Maplewood,Minnesota.
Award will be at 7:00 p.m.,Central Time of the same Award will be at 7:00 p.m.,Central Time of the same
day. day.
TYPE OF BONDS: TYPE OF BONDS:
Negotiable coupon general obligation bonds in$5,000 Negotiable coupon general obligation bonds in$5,000
denominations, denominations.
DATE OF BONDS: DATE OF BONDS:
October 1,1977. October 15,1977.
PURPOSE: PURPOSE:
To defray the expenses of various improvements in To refund, in advance of maturity,the outstanding
the City. $605,000 General Obligation Improvement Bonds of 1970,
INTEREST PAYMENTS: dated December 1,1970,$1,240,000 General Obligation
October 1,1978,and semi-annually thereafter on April Improvement Bonds of 1974,dated November 1, 1974,
1 and October 1 of each year. $1,360,000 General Obligation Improvement Bonds of
MATURITIES: 1975,dated December 1, 1975, and$1,990,000 General
October 1,1979,in each of the years and amounts as Obligation Improvement Bonds of 1976,dated May 1,
follows: 1976.
$150,000 in each of the years 1979 to 1981, both in- INTEREST PAYMENTS:
clusive; July 1,1978,and semi-annually thereafter on January
$160,000 in the year 1982; 1 and July 1 of each year.
$130,000 in the year 1983; MATURITIES:
$120,000 in the year 1984; July 1, 1978, in each of the years and amounts as
$165,000 in the year 1985; follows:
$200,000 in each of the years 1986 to 1990, both in- $140,000 in the year 1978;
clusive; $215,000 in the year 1979;
5300,000 in the year 1991; $235,000 in the year 1980;
$380,000 in the year 1992; $220,000 in the year 1981;
$400,000 in the year 1993; $230,000 in the year 1982;
$410,000 in the year 1994; and $245,000 in the year 1983;
$100,000 In each of the years 1995 to 1997, both in- $270,000 in the year 1984;
clusive. $260,000 in the year 1985;
All dates are inclusive. $280,000 in the year 1986;
REDEMPTION: $295,000 in each of the years 1987 and 1988;
At the option of the issuer,bonds maturing on or after $310,000 in the year 1989;
October 1,1987 shall be subject to prior payment, in $330,000 in the year 1990;
inverse order of serial numbers,on October 1,1986 and $215,000 in the year 1991;
any interest payment date thereafter,at a price of par $205,000 in the year 1992;
and accrued interest. $220,000 in the year 1993;
PAYING AGENT: $230,000 in the year 1994;
Bidder's discretion. $140,000 in the year 1995;
CUSIP NUMBERS: 8150,000 in the year 1996;
The bonds will be printed without CUSIP numbers $160,000 in the year 1997; and
unless requested by the purchaser who must agree in $170,000 in the year 1998.
the offer for the Bonds to pay all costs and expenses All dates are inclusive.
thereof including printing and CUSIP Service Bureau REDEMPTION:
charges.Any failure to print such numbers or errors in At the option of the issuer,bonds maturing on or after
printing shall not be cause for failure or refusal of the July 1,1987 shall be subject to prior payment,in inverse
purchaser to accept delivery of and payment for the order of serial numbers,on July 1,1986 and any interest
bonds in accordance with the purchase contract. The payment date thereafter,at a price of par and accrued
purchaser shall waive any extension in delivery time interest.
due to use of the numbers and shall accept all respon. PAYING AGENT:
sibility in connection with use of CUSIP numbers. Bidder's discretion.
DELIVERY: CUSIP NUMBERS:
Forty days after award subject to approving legal The bonds will be printed without CUSIP numbers
opinion of Briggs and Morgan, Professional unless requested by the purchaser who must agree in
Association,of St.Paul,Minnesota.Bond printing and the offer for the Bonds to pay all costs and expenses
legal opinion will be paid by issuer and delivery will be 'thereof including printing and CUSIP Service Bureau
anywhere in the continental United States without cost charges.Any failure to print such numbers or errors in
to the purchaser. Legal opinion will be printed on the printing shall not be cause for failure or refusal of the
bonds at the request of the successful bidder. purchaser to accept delivery of and payment for the
TYPE OF BID: bonds in accordance with the purchase contract. The
Sealed bids of not less than$3,745,000 and accrued purchaser shall waive any extension in delivery time
interest on the principal sum of$3,815,000 from date of due to use of the numbers and shall accept all respon-
bonds to date of delivery must be filed with the un- sibility in connection with use of CUSIP numbers.
dersigned prior to the time of sale. Bids must be un- DELIVERY:
conditional except as to legality.A certified or cashier's Forty days after award subject to approving legal
check in the amount of$76,300,payable to the order of opinion of Briggs and Morgan, Professional
the Treasurer of the issuer must accompany each bid,to Association,of St.Paul,Minnesota.Bond printing and
be forfeited as liquidated damages if bidder fails to legal opinion will be paid by issuer and delivery will be
comply with accepted bid.Bids for the bonds should be anywhere in the continental United States without cost
addressed to: to the purchaser. Legal opinion will be printed on the
Mrs.Lucille Aurelius,City Clerk,City Hall,1380 Frost bonds at the request of the successful bidder.
Avenue,Maplewood,Minnesota 55109. TYPE OF BID:
RATES: Sealed bids of not less than par and accrued interest
All rates must be in integral multiples of 1-20th or/eth on the principal sum of$4,815,000 from date of bonds to
of 1 percent and may not exceed 7 percent per annum. date of delivery must be filed with the undersigned prior
Additional interest coupons may not be used.All bonds to the time of sale.Bids must be unconditional except as
of the same maturity must bear a single uniform rate to legality-A certified or cashier's check in the amount
from date of issue to maturity and no rate of any of$96,300,payable to the order of the Treasurer of the
maturity may be lower than the highest rate applicable issuer must accompany each bid, to be forfeited as
to bonds of any preceding maturities. No limitation is liquidated damages if bidder fails to comply with ac-
placed upon the number of rates which may be used. cepted bid.Bids for the bonds should be addressed to:
AWARD: Mrs.Lucille Aurelius,City Clerk,City Hall,1380 Frost
Award will be made solely on the basis of lowest Avenue,Maplewood,Minnesota 55109.
dollar interest cost, determined by addition of any RATES:
discount to and deduction of any premium from the total All rates must be in integral multiples of 1-20th or Vsth
interest on all bonds from their date to their stated of 1 percent and may not exceed 7 percent per annum.
maturity.The net effective average rate of the issue Additional interest coupons may not be used.All bonds
may not exceed 7 percent per annum. of the same maturity must bear a single uniform rate
The Issuer reserves the right to reject any and all from date of issue to maturity and no rate of any
bids,to waive informalities and to adjourn the sale. maturity may be lower than the highest rate applicable
Dated: September 8,1977 to bonds of any preceding maturities. No limitation is
BY ORDER OF THE CITY COUNCIL placed upon the number of rates which may be used.
-s-Lucille Aurelius AWARD:
City Clerk Award will be made solely on the basis of lowest
Additional information dollar interest cost, determined by addition of any
may be obtained from: discount to and deduction of any premium from the total
JURAN&MOODY,INC. interest on all bonds from their date to their stated
114 East Seventh Street maturity.The net effective average rate of the issue
St. Paul,Minnesota 55101 may not exceed 7 percent per annum.
Telephone No.612.298-1524 The Issuer reserves the right to reject any and all
(Review: Sept. 14,1977) bids,to waive informalities and to adjourn the sale.
Dated: September 8,1977
BY ORDER OF THE CITY COUNCIL
-s-Lucille Aurelius
City Clerk
Additional information
may be obtained from:
JURAN&MOODY, INC.
114 East Seventh Street
St. Paul,Minnesota 55101
Telephone No.612-298-1524
(Review: Sept. 14, 1977)
NOTICE OF PUBLIC HEARING
PROPOSED 1978 BUDGET
NOTICE IS HEREBY GIVEN,that the Maplewood
City Council will hold a public hearing to consider
proposed uses of federal revenue sharing funds by the
City of Maplewood during 1978 and the relationship of
such funds to the City's entire 1978 Budget.The hearing
will begin at 7:30 p.m.on September 29,1977 and will be
held in the Council Chambers at 1380 Frost Avenue.All
citizens will have the opportunity to provide written and
oral comments on the possible uses of revenue sharing
funds and to ask questions concerning the entire budget
and the relationship of revenue sharing funds to the
entire budget.
The following is a summary of the proposed budget:
Proposed Proposed Reveele
1978 Budget sharing Portion
General Government S 466,910 S .0.
Public Safety 1,802,750 34,965
Public Works 778,315 0.
Community Services 772,750 12,103
Community Development 136,850 .0.
utilities 1,155,840 .3.
Central Equipment Services 378,990 161,700
Debt Service 2,337,650 .0.
Contingency 05,830 .0.
TOTALS 57,855,085 $208,765
A detailed breakdown of the above will be available
for public inspection during normal business hours at
the City Hall,1380 Frost Avenue.
ANY PERSONS HAVING INTEREST in this matter
are invited to attend and be heard.
BY ORDER OF THE CITY COUNCIL
THIS 5111 DAY OF SEPTEMBER,1977.
Lucille Aurelius
City Clerk
(Review:Sept.14,21,19771
NOTICE OF HEARING
NOTICE IS HEREBY GIVEN that the Maplewood
City Council at its meeting of Thursday,September 22,
1977, at 8:00 p.m. in the Council Chambers of the
Maplewood Municipal Building, located at 1380 Prost
Avenue, Maplewood, Minnesota, will consider and
publicly hear the request for a Kennel License for:
APPLICANT:
Larry Mehsikomer, 2205 E. County Road 0,
Maplewood,Minnesota 55110.
PROPOSAL:
To provide services of grooming, boarding and
breeding of dogs.
LOCATION:
2360 E.County Road D,Maplewood,Minnesota,55110.
Formerly Huck's Kennel.
ANY PERSONS HAVING INTEREST IN THIS
MATTER ARE INVITED TO ATTEND AND BE
HEARD.
City of Maplewood
Minnesota
(Review: Sept 7, 14,1977)
NOTICE OF HEARING
NOTICE IS HEREBY GIVEN that the Maplewood
City Council at its meeting of Thursday,September 22,
1977, at 8:00 p.m. in the Council Chambers of the
Maplewood Municipal Building, located at 1380 Frost
Avenue, Maplewood, Minnesota, will consider and
publicly hear the request for a Kennel License for:
APPLICANT:
Michael J.Riley,819 Meyer Street,Maplewood,Mn.
PROPOSAL:
To provide housing to keep four dogs,one of which is
old and will shortly be put to sleep.
LOCATION:
819,Meyer Street,Maplewood,Mn.
ANY PERSONS HAVING INTEREST IN THIS
MATTER ARE INVITED TO ATTEND AND BE
HEARD.
City of Maplewood
Minnesota
(Review: Sept 7, 14, 1977)