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Bond Sale Report <br /> <br />TERMS AND CONDITIONS OF ISSUE <br />$3,590,000 G.O. Water Revenue Bonds, Series 200lA <br /> <br />DATE: <br /> <br />ISSUER: <br /> <br />BOND NAME: <br /> <br />BOND ATTORNEY: <br /> <br />PURPOSE: <br /> <br />August 27, 2001 <br /> <br />City of Elk River, Minnesota <br /> <br />$3,590,000 G.O. Water Revenue Bonds, Series 200lA <br /> <br />Briggs & Morgan (Jim O'Meara) <br /> <br />Finance improvements to the municipal water system including <br />storage, well and treatment facilities. <br /> <br />Sale Date: <br /> <br />Est. Closing Date: <br /> <br />Proposal Opening: <br /> <br />Proposal Award: <br /> <br />Type of Sale: <br /> <br />Bonds Dated: <br /> <br />Maturity: <br /> <br />Term Bond Option: <br /> <br />First Interest: <br /> <br />September 17, 2001' <br />*The City Administrator, in consultation with the <br />financial advisor, may determine that it is in the best <br />interests of the City to receive proposals for the sale of <br />the Bonds on a different date. If the City Council does <br />not meet on the date that proposals are received, then the <br />City Administrator and the Mayor are authorized to <br />accept the low bid. <br /> <br />October 8, 2001. <br /> <br />11:00 a.m., office ofEhlers & Associates, Inc. <br /> <br />6:00 p.m., City offices. The time may be changed if <br />proposals are not received on September 17. <br /> <br />Competitive. <br /> <br />October 1, 2001. <br /> <br />February 1 in the years 2003-2022. <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, <br />so long as the amounts of principal maturing or subject to <br />mandatory redemption in each year conforms to the <br />maturity schedule set forth above. <br /> <br />August 1, 2002. Interest will be computed on the basis <br />of a 360-day year of twelve 30-day months and will be <br /> <br /> <br />