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Home My WebLink About1977 02-16 Public Notices THE REVIEW rd g /1, /9'2') public notices NOTICE OF NOTICE OF BOND SALE BOND SALE 5995,000 $3,730,000 GENERAL OBLIGATION PUBLIC GENERAL OBLIGATION IMPROVEMENT WORKS FACILITY BONDS OF 1977 BOND 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 Se offered for sale according t0 the following terms: offered for sale according to the following terms: TIME AND PLACE: TIME AND PLACE: Sealed bids for these bonds will be received en Sealed bids for these bonds will be received on Thusday,March 10,1977 until 4:00 O'clock p.m.,at the Thursday,March 10,1977 until 4:00 o'clock p.m.,at the City Hall In Maplewood,Minnesota.The bonds will be City Hall in Maplewood,Minnesotai the bonds will be awarded at 7:30 o'clock p.m.of Me same day. awarded at 7:30 o'clock p.m.of the sante day. TYPE OF BONDS: TYPE OF BONDS: Negotiable coupon general obligatbn bonds,SSA00 Negotiable coupon general Obligation bonds,55,000 denominations. denominations. DATE OF BONDS: DATE OF BONDS: April 1,1917. April 1,1977. PURPOSE: PURPOSE: To provide funds for the construction of various Im. To provide funds for the purpose of constructing a provemenis in the City. public works facility. INTEREST PAYMENTS: INTEREST PAYMENTS: April I,1978,and semiannually thereafter On Oct 1 April 1,1978,and semiannually thereafter on Oct.1 and April 1. and April I. MATURITIES: MATURITIES: Oct.1Meech of the years and amounts as fellows: Oct.1 m each of the years and amounts as fsllgws: $300,000 in the year 1910; 1979.1981—525,000 5290,000 in the year 1979; 19871984—S30g00 1985-1988—840,000 5285,000 In the year 1980; 1989—$50,000 $290,000 in the year 1981; 19901991—S60,000 $295,000 in the year 1982; 1991—S70,000 5280,000 in each Of the years 1983 to 1986,both in. 1993—575,1100 clusive; 1994—580,000 5265,000 in the year 1987; 1995—$a5,000 5375,000 In the year 1988; 1996—590,000 1997—$100,000 5 55,000 in the year 1989; All dates are Inclusive. 5 70,000 in the year 1990; REDEMPTION: S 65,000 in the year 1991; At the Option of the issuer,bonds maturing on Or after I S 70,000 in the year 1991; Oct.1,1988 shall be subject t0 prier payment,in Inverse S 65,000 in the year 1993; order of serial numbers,On Oct.I,1987 and any interest S 70,000 in each of.the years 1990 to 1996,both in payment date thereafter,ata price of par and accrued clus and interest. 5 75,000 In the year 1997. PAYING AGENT: REDEMPTION: Bidder's discretion. At the Option of the issuer,bonds maturing on or after CUSIP NUMBERS: Oct.I,1980 shall be Sublect to prior payment,in inverse The bends will be printed without CUSIP numbers order M serial numbers,on Oct.1,1987 and any Interest unless requested by the purchaser who must agree In payment date thereafter,ata price of par and accrued me often tot the Bonds to pay ell costs and expenses interest. thereof including printing and CUSIP Service Bureau PAYING AGENT charges.Any failure to print such numbers or errors in Bidder's discretion. printing shall not be cause for failure or refusal of the CUSIP NUMBERS: purchaser to accept delivery of and payment for the The bonds will be printed without CUSIP numbers bongs in accordance with the purchase contract.The unless requested by the purchaser who must agree in purchaser shall waive any extension in delivery time the offer for the Bonds to pay all costs and expenses due to use of the numbers and shall accept all respon. thereof including printing and CUSIP Service Bureau sibility in connection with use of CUSIP numbers. charges.ngAny fnoture to print such be cause for failure orrrefusal Of the DELIVERY: days printing shall Forty after award subjectMton approvingofes legal purchaser to accordance with of and payment for the opinion n, Briggs and Motgen. Professional n d j purch in r a waive with the purchaseion deThe Association,niof Paul,Minnesota. d Bond printing and I purchaser use shallh waive any extension in all delivery lina opinion n willebe linin by isunder endtes werYith willcost due to use of the numbers uandse USIacceptnmall respom to theanywherer in the.Legal opinion United States without cast DELI IERonnKtlM with use of CUSIP numbers. to the at theseq est of the will be printed on the DELIVERY;days Tongs the request the successful bidder. Forty oBfter rigsaward subject ao,apProvinP fessional TYPESealed OF BID: osiocia n, Bri.Ps and Motgen, Processional to bids principalof not less than f 6995,antl ont dat iof legal ptfoo,of Sll Ppai,Mby issuer nodd priviry ng wiand boes to tae fdelsum of ffrom ea M legal opinion thel be continental iUnited and States bonds to date delivery must be filedlwith the un. anywhere theun Indersigned prior to the time sale.Bide must be res to the at req Legal opinion els be Printed on the check nth exceptaso0 legality.0payableyablito or cashier's I bonds the request of the successful Didder, theTr in the amountIof er must e000mto the order of Tto YPE OF BID: chef rfeited sotheIssuerdamagro It ny bidder tells to Sealed bids of not less than$7,660,000 and accrued be forfeited as liquidated damages If bidder fails to interest on the principal sum of 53030,000 WOm dale of comply with accepted bid.Bids for the bonds should be Ponds to date of delivery must be filed with the Uro ddressed to: tlersigned prior to Me time of sale.Bias must be On. Mrs.L Lane-wood, Aurelius,City Clerk,City Hall,1380 Frost conditional except asof lega$74,00,Atableitoercashier's Avenue,Ma01ewo0d,Minnesota 55109. check in the amount of 570,600,payable to the order of RATES: the Treasurer of the issuer must accompany each bid,to All rates must be in integral multiples of one- be forfeited as ated damages if bidder fails to ,,,,,iethor Oarsmen. 011percensandmaovpona Geed comply with accepted bid.Bids for the bonds should be 7 percent per annum.Additional interest coupons may addressed not De used.All bonds of the same maturity must bear a Mrs.Lucille Aurelius,City Clerk,City Hall,1380 Frost single uniform rate from date of Issue to maturity and Avenue,Maplewood,Minnesota 55109. no rate of any maturity maybe lower than the highest RATES: tithrat applicable to bentls of any preceding e lasmaturities.hNo et All rates must be in integral multiples roc One iwe l e uali0n Is placed upon the number of rates which may Or One-eighth of 1 percent and may not exceed 7 percent .OBed per annum.Additional interest coupons may not be AWARD: used.All bonds of the same tmaturity must and rate Award will be made solely on the basis of lowest uniform rate from dare be issue to maturity end no rate dollar interest cost,determined by addition of any of any maturity may lower than the highest rate discount to and deduction of any premium from the total applicable to bonds 01 any precedingmaturities.No interest on all bonds from their date to their stated limitation Is placed upon the number Ofof rates which may maturity.The net effective average rate of the issue be used. may not exceed 7 percent per annum. AWARD: TM Issuer reserves the right to reject any and all Award will be made solely on the basis of lowest biDds,to waive informalities and to adjourn the sale. dollar interest cost determined by addition of any ated:Feb.10,1977 discount Mend deduction of anypremium from the total BY ORDER OF THE CITY COUNCIL interest on all bonds from their date to their slated Mrs.Lucille Aurelius maturity.The net effective average rate of the issue city Clank may not exceed 7 percent per annum. Additional information bids tIssuer Wa ve reserves nfo malites and io aadlto aurn the ssay le.d all maybe&MOODY,INC.Dated:Jan.27,1977 lit asN Ie BY ORDER OF THE CITY COUNCIL 114 East Seventh Street Mrs.Lucille Acre jus 51.Paul,Minnesota2.255101 City Clerk It No.612.298.1524 Additional information (Review:Feb.16,1971) may be obtained from: JURAN B MOODY,INC. 114 East Seventh Street St.Paul,Minnesota 55101 Telephone No,612298.1524 (Review:Feb.16,1917.1 ADVERTISEMENT FOR BIOS The City Council of Maplewood,Minnesota,will prodive sealed bids for the construction of ap. ximately: 7000 Linear Feet 13"D.I.Pipe Water Main and up. purtenances within the City limits of Maplewood Ona basis of Cash payment for the work.Bids will be received until 9:30 m.CST on the Oh day of 1977 at the Municipal Building,1350 Frost Avenue,e,Maplewood,Minnesota,at which time and place all bids will be publicly opened, read aloud and considered. Proposals must be Ina sealed envelope with the statement thereon indicating proposal for bid contained within,the Maplewood Project Number,and addressed to the City of Maplewood,Minnesota.Proposals shall be submitted to the City Clerk on or before the above Stated time. Proposal is for the furnishing of all labor, equipment and materials and performing all work in cnecti0n with the above stated construction. Proposal forms,including specifications,are on file in the off ice of Howard Needles Tammen and Bergenduff, Consulting Engineers, 6150 France Avenue South, Minneapolis,Minnesota. Copies on the documents may be obtained by depositing Twentymfive dollars (335.00) with the Engineer. The amount of deposit for one set of documents will be refunded to each actual bidder upon return of the plans and documents in good condition within ten days after the opening of bids. All Sis must be accompanied by a certified check or Mm d,d,payable to the City M Maplewood,Minnesota, in an amount equal to live percent(5 percent)of the total bid,conditioned that if the bidder Is the successful bidder he will enter into a contract In accordance with said bid and will furnish such performance bonds as are spery 130 No bidder may withdrew his bid for at least thirty(30)days after the scheduled closing time for the receipt of bids,without the consent oftneowner. The City Council reserves the right to raider any and all bids and to waive Irregularities and informalities therein and further reserves the right to award the contract In the best interest of the City. Mrs.Lucille E.Aurelius City Clerk (Reybw:Feb.9,16&33,1911)