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� , . ,, <br /> � � J � <br /> � C <br /> Deliver <br /> • Within 40 days after sale, the City will furnish and dellver to tfie purchaser, at the office <br /> designated by the purchaser, the printed and executed bonds, the unqualified opinion thereon of bond <br /> counsel, and a certificate stating that no litigation questioning the validity of the bonds is then <br /> threatened or pending. The purcfiase price must be paid upon de7ivery of tfie bonds in funds irrenediately <br /> available for expenditure by the City on t6e day of payment.' <br /> Type of Bid - Amount <br /> Sealed bids must be mailed or delivered to the undersigned City Clerk and must be received <br /> prior to the time of said meeting. Each 6id must be unconditional and must be accompanied by a <br /> cashier's or certified check or bank draft in the amount of $9,500, payable to the City Treasurer, <br /> ' to be retained by the City as liquidated damages if the bid is accepted and the bidder fails to <br /> comply therewith. The bid offeri.ng the lowest net i.nterest cost .(tota•1=ilitere.s.t frqm date of <br /> bonds to stated �aturi.ties, less `any casfi. premium or plus any amount less t6an $475,000 bid for <br /> principal) will 6e deemed tfie most favora6le. Tfie net effective rate on all Bonds may not exceed the <br /> , maximum interest rate to be determined in accordance witfi Minnesota Statutes, Section 475.55, Subdi- <br /> vision 4, for the month of November, 1982. t�o oral bid dnd no bi:d oP less than $465,687, plus <br /> accrued interest on all of the bonds, will be considered, and tf�e City Council reserves t6e right to <br /> reject any and a1T bids and to waiVe any informality in any bid. -- <br /> . BY ORDER OF THE CTTY COUNCIL <br /> /s/ A16erta M. Strom <br /> Ci ty Cl,erk <br /> '` <br /> • - <br /> S <br /> • <br /> :f� . - _. . . . . . � . . . - ... ' � .. <br /> �� . ' � .. . � . � � .. • .� .. �. � ' . '. . ' .. .. . ." . . . .. ...+..a <br />