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I«». • i. <br />Ehlers and Associates, Inc. <br />f i E A 0 J a s” I N p u 8 l 1C F I N A .H C e <br />L <br />November 18, 1993 <br />Tom Kuehn <br />Finance Director <br />City of Orono <br />P.O. Box 66 <br />Crystal Bay, MN 55323 <br />cc: Jana Ristamaki <br />Re: Early call of 1980 bonds <br />Enclosed is a form of resolution and Notice of Call for Redemption <br />for your use In connection with the redemption of whe 1995 and <br />1996 maturities of the issue on March 1, 1994, <br />Notice Should be mailed to the Norwest Bank Minnesota, N.A. at <br />the address shown in the notice at least 30 days prior to the <br />March 1 , 1994 date. Also, notice should be published in an <br />Industry publication at least 30 days prior to March 1 as wen. <br />We can assist in the selection of the publication (based upon <br />cost, lead time, etc.) <br />You can expect to receive a statement from Norwest after they <br />have received your notice indicating the total amount due on <br />March 1. including the S150,000 principal amount being cjl‘S<> <br />prior to stated maturity dates. You can expect to pay t. e <br />following: <br />$ 84.656.25Scheduled P & I 3/1/94 <br />Principal being called <br />(3/1/95 and 3/1/96 maturities) <br />is premium on called bonds <br />Total $236,156.25 <br />the action to call the remaining 1980 bonds) -to <br />OFFICES IN UlNNfAWLlS. MN * SnOOXFlfLO. Wl • <br />aso Narwtfl Cvm • » s«««i> s«vtn» s»ii> • MwwfWOM Ml* SS*02-4t00 •