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Bond Sale Report <br /> <br /> ATTACHMENT 1 <br />TERMS AND CONDITIONS OF ISSUE <br />$1,740,000 G.O. Tax Increment Bonds, Series 2000A <br /> <br />DATE: <br /> <br />ISSUER: <br /> <br />BOND NAME: <br /> <br />BOND ATTORNEY: <br /> <br />PURPOSE: <br /> <br />September 25, 2000 <br /> <br />City of Elk River, Minnesota <br /> <br />$1,740,000 G.O. Tax Increment Bonds, Series 2000A <br /> <br />Briggs & Morgan - Jim O'Meara <br /> <br />Finance a portion of the costs of the East Elk River Improvement Project <br /> <br />Sale Date: <br /> <br />Est. Closing Date: <br />Proposal Opening: <br />Proposal Award: <br />Type of Sale: <br />Bonds Dated: <br />Maturity: <br /> <br />Term Bond Option: <br /> <br />First Interest: <br /> <br />Call Feature: <br /> <br />Minimum Proposal: <br />Good Faith: <br /> <br />October 23, 2000 <br /> <br />November 15, 2000 <br /> <br />11:00 a.m., office of Ehlers & Associates, Inc. <br /> <br />6:00 p.m., City offices <br /> <br />Competitive <br /> <br />November 1, 2000 <br /> <br />February 1 2003 - 2015 <br /> <br />All dates are inclusive. Bids for the bonds may contain a <br />maturity schedule providing for any combination of serial <br />bonds and term bonds, subject to mandatory redemption, so <br />long as the amounts of principal maturing or subject to <br />mandatory redemption in each year conforms to the maturity <br />schedule set forth above. <br /> <br />August 1, 2001. Interest will be computed on the basis of a <br />360-day year of twelve 30-day months and will be rounded <br />pursuant to rules of the MSRB. <br /> <br />Bonds maturing in the years 2006 through 2015 will be <br />subject to redemption prior to final maturity on February 1, <br />2007 and on any date thereafter. Notice of such call shall be <br />given by mailing a notice thereof by registered or certified <br />mail at least thirty (30) days prior to the date fixed for <br />redemption to the registered owner of each bond to be <br />redeemed at the address shown on the registration books. <br /> <br />$1,712,049 <br /> <br />$34,800, payable to the Issuer (Cashiers or Certified Good <br />Faith Check or wire transfer of funds to Ehlers Good Faith <br />Escrow or financial surety bond. <br /> <br />9 <br /> <br /> <br />