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EXHIBIT A <br /> NOTICE OF BOND SALE <br /> 410 . $380, 000 <br /> CITY OF ELK RIVER <br /> MINNESOTA <br /> GENERAL OBLIGATION IMPROVEMENT <br /> BONDS OF 1979 <br /> These Bonds will be offered Monday, September 17, 1979, at <br /> 7 :30 P.M. , Central Time, at the City Hall in Elk River, <br /> Minnesota. The bonds will be dated October 1, 1979 and <br /> interest will be payable August 1, 1980 and semiannually <br /> thereafter. The bonds will be general obligations of the <br /> Issuer for which its unlimited taxing powers will be pledged. <br /> The bonds will mature on February 1, in the years and amounts <br /> as follows: <br /> $15, 000 1981 <br /> $25,000 1982-1990 <br /> $20,000 1991-1997 <br /> All bonds maturing on or after February 1, 1991 are subject to <br /> Aft redemption on February 1, 1990. Sealed bids for not less <br /> than par and accrued interest on the principal sum of <br /> $380,000 will be accepted. No rate of interest nor the <br /> net effective average rate of the issue may exceed 7% per <br /> annum. An acceptable legal opinion will be furnished by Briggs <br /> and Morgan, Professional Association, of St. Paul and <br /> Minneapolis, Minnesota. The proceeds will be used to <br /> finance various improvements within the City. <br /> Bidders should be aware that the Official Terms of Bond Sale <br /> to be published in the Official Statement for the Offering <br /> may contain additional bidding terms and information relative <br /> to the Issue. In the event of a variance between statements <br /> in this Official Nbtice of Bond Sale and said Official Terms <br /> of Bond Sale the provisions of the latter shall be those to . <br /> be complied with. <br /> Dated- August 22, 1979 <br /> BY ORDER OF THE CITY COUNCIL <br /> /s/ Robert Middaugh <br /> City Administrator <br /> Further information maybe obtained from the Issuer's Financial Advisor, <br /> SPRINGSTED INCORPORATED, 800 Osborn Building, St. Paul, Minnesota, 55102, <br /> 112/222-4241. <br /> lr <br />