RES 05-128 - Laserfiche WebLink

Home Browse Search

EXHIBIT 8 NOTICE OF REDEMPTION General Obligation Improvement Bonds, Series 1999A Dated July 1, 1999 City of Elk River, Minnesota NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Elk River, Minnesota, there have been called for redemption and prepayment on February 1, 2006 the following outstanding bonds of the City designated as General Obligation Improvement Bonds, Series 1999A, dated July 1, 1999: Maturitv Date Principal Amount February 1, 2007 $440,000 February 1, 2008 280,000 February 1, 2009 280,000 February 1, 2010 275,000 February 1, 2011 275,000 February 1,2012 280,000 February 1, 2013 280,000 February 1, 2014 285,000 February 1, 2015 665,000 I nterest Rate 4.700/0 4.800/0 4.850/0 4.90% 4.90% 4.950/0 5.000/0 5.000/0 5.00010 CUSIP Number* 287407 YH7 287407 YJ3 287407 YKO 287407 YL8 287407 YM6 287407 YN4 287407 ypg 287407 YQ7 287407 YR5 The bonds are being called at a price of 1000/0 of their principal amount plus accrued interest to February 1, 2006, on which date they will cease to bear interest. Holders of such bonds hereby called for redemption should present their Bonds for payment to U.S. Bank National Association (formerly U.S. Bank Trust National Association) at the address below, on or before February 1, 2006. If bv Mail U.s. Bank National Association Corporate Trust Department P.O. Box 64111 81. Paul, MN 55164-0111 If bv Hand or Overniaht Mail u.s. Bank National Association U.S. Bank Trust Center Bond Drop Window, 1st Floor 60 Livingston Avenue 81. Paul, Minnesota, MN 55107 It is recommended that you mail your bonds registered or certified mail to guard against loss. BY ORDER OF THE CITY COUNCIL CITY OF ELK RIVER, MINNESOTA /5/ Dated: December 5, 2005 Important Notice: In compliance with the Economic Growth and Tax Relief Reconciliation Act of 2001, federal backup withholding tax will be withheld at the applicable backup withholding rate in effect at the time the payment by the redeeming institutions if they are not provided with your social security number or federal employer identification numberl properly certified. This requirement is fulfilled by submitting a W-9 Form, which November be obtained at a bank or other financial institution. *Neither the City nor the Bond Registrar/Paying Agent shall be responsible for the selection of or use of the CUSIP number, and no representation is made as to its correctness indicated in the Notice of Redemption. CUSIP numbers are included solely for the convenience of the Holders. 05-128