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An independent project organizing public records from the City of Nowthen, Minnesota. Not an official city site. Documents and votes are sourced from cityofnowthen.gov; interpretations are AI-extracted and may need correction.

Home/Money/Clusters/$1

Cluster · rate · FY 2019

$1

Verified

Minimum proposal amount for bond sale as percent of principal.

Not promoted to the official baseline.

This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.

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1docs

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0%

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0

Date range

2019-06-11 — 2019-06-11

Every document that mentions this number (1)

Meeting City Council Meeting — Agenda Packet (2019-06-11)Jun 11, 2019p.29raw: 98.8%
PDF →Auto-extracted
Minimum proposal amount for bond sale as percent of principal.
Any amount in excess of the minimum proposal amount (calculated as 98.8% of the aggregate principal amount of the Bonds) shall be credited to the Debt Service Fund hereinafter created or deposited in the Construction Fund hereinafter created, as determined by the City Clerk/Treasurer in consultation with the City's municipal advisor.
Reasoning: Bond sale parameter.