6B, Public Hearing Proposed TIF District Resolution 2010-081, -082 & -083

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IN WITNESS WHEREOF, the City Council of the City of Arden Hiils, Minnesota has caused this Note to be executed with the zn:anual signatures of its Mayor and City Administrator, alI as of the Date of Original Issue speci�'ied above. CITY OF ARDEN HTLLS, MINNESOTA Mayor City Adrninistrator REG�STRATTON PROVISIONS The ownership of the unpaid batance of the withi�z Note is registered in the bond register of the City Administrator, in the name of the person last listed below. Date of Signature of _Registration Registered Owner Ci Administrator , 2Q^ Presbyterian Homes of Arden Hills, Inc. Section 3. Terms, Executio�n and Deliverv. 3A1. Denominatian, Pavzne�at. The Note shall ba issued as a single typewritten note numbered R-1. The Not� shall be issuable only ir� fully registered form. Principal af and interest on the Nota shaIl be payable by check or draft issued by the Registrar described herein. 3.02. Dat_es; Interest Payment Dates. Principal of and interest on the Note shall be payable by mail to the owner of recard thereof as of the close of business o� the iifteenth day of the month preceding the Paytx�.ent Date, whether or nat such day is a business day. 3.03. Registration. The City hereby appoints the City Administrator ta perform the functions of registrar, transfer agent and paying agent (the "Registrar"), The effect of registration and the rights and duties of the City and the Registrar with respect thereto shall be as foIlows: {a) Register. The Registrar shalt keep at its office a bond r�gister in which the Registrar shall provide for tlae registration of ownership of the Note and the registration of transfers and exchanges of the Nate. (b} Transfer of Note. Upon surrender far transfer of the Note duly endorsed by the registered awner �hereof or accompanied by a written instrumen� of iran.sfer, in form reasonably satisiactory to the 378990v6 5JB AR200-10 C_�