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<br />Exhibit A <br /> <br />NOTICE OF BOND SALE <br />$795,000 <br />GENERAL OBLIGATION WATER <br />REVENUE BONDS, SERIES 1991B <br />CITY OF NEW BRIGHTON, <br />RAMSEY COUNTY, MINNESOTA <br /> <br />NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the <br />above bonds will be received until 11:30, a.m., C.T. on Tuesday, July <br />23, 1991, in the offices of Springsted Incorporated, 85 East Seventh <br />Place, Suite 100, St. Paul, Minnesota, at which time the bids will be <br />opened and tabulated for consideration by the City Council at a <br />meeting at 7:30 p.m. on the same day. The bonds are offered on the <br />following terms. The Bonds will be dated August 1, 1991, will bear <br />interest payable semiannually on each February 1 and August 1, <br />commencing August 1, 1992, and will mature without option of prior <br />payment on February 1 in the years and amounts as follows: <br /> <br />Year <br /> <br />Amount <br /> <br />Year <br /> <br />Amount <br /> <br />1993 <br />1994 <br />1995 <br /> <br />$ 95,000 <br />125,000 <br />130,000 <br /> <br />1996 <br />1997 <br />1998 <br /> <br />$140,000 <br />150,000 <br />155,000 <br /> <br />Bidders must specify a price of not less than $ 788 ,640 plus accrued <br />interest. A legal opinion on the bonds will be furnished by Holmes & <br />Graven, Chartered, Minneapolis, Minnesota. The proceeds of the bonds <br />will be used to finance the costs of improvements to the water utility <br />of the City. <br /> <br />Bidders should be aware that the Official Statement to be distributed <br />for the bonds may contain additional bidding terms and information <br />relative to the bonds. In the event of a variance between statements <br />in this Notice of Bond Sale and the Official Statement bidders must <br />comply with the terms of the latter. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />/s/ Margaret Egan <br />City Clerk-Treasurer <br /> <br />Dated: June 25, 1991. <br />