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� , ,� 3� � . <br /> _ ,�„ � <br /> � � ., r , ' <br /> ; . <br /> ► , <br /> • <br /> ' NOTICE OF BOND SALE <br /> $900,000 <br /> ' GENERAL OBLIGATION <br /> � IMPROVEMENT BONDS OF 1985 <br /> CITY OF ORONO, MINNESOTA . <br /> (HENNEPIN COUNTY) <br /> These bonds will be offered Monday, <br /> June 10 , 1985 <br /> Sealed bids will be received until 4: 00 o'clock P.M. , <br /> C.D.T. , at the City Hall, Orono, Minnesota. The bids will then <br /> be opened and tabulated for presentation to and award of sale by <br /> the City Council at 7: 00 P.M. , the same day. The bonds will be - <br /> dated July 1, 1985 and will mature on January 1 in the following <br /> years and amounts: <br /> $ 50, 000 in 1987 to 1992, . <br /> $ 60, 000 in 1993 to 1997, and � <br /> $ 75, 000 in 1998 to 2001, all years inclusive, <br /> all Bonds maturing on or after January 1, 1996 being subject to <br /> � redemption at the option of the City on January 1 , 1995 and any <br /> interest payment date thereafter at par and accrued interest. No <br /> rate of interest nor the effective average rate of the issue may <br /> exceed the maxitnum rate permitted by law. An unqualified legal <br /> opinion will be furnished by Faegre & Benson, of Minneapolis , <br /> Minnesota. � <br /> ' Dated: May 13, 1985. <br /> BY ORDER OF THE CITY COUNCIL <br /> . /s/ Dorothy Hallin <br /> City Clerk <br /> City of Orono, Minnesota <br /> , <br /> ' Further information may be obtained <br /> from the Financial Consultants: <br /> Ehlers & Associates, Inc. <br /> First National-Soo Line Concourse <br /> 507 Marquette Avenue <br /> � Minneapolis , Minnesota 55402 <br /> " . (612) 339-8291 <br /> • , <br /> -8- <br />