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<br />LAW OFFICE <br /> <br />Knutson, Flynn & Hetland <br />PROFESSIONAL ASSOCIATION <br /> <br />JAMES E. KNUTSON <br />JOSEPH E. FLYNN <br />PAUL W. HETLAND <br />PAUL C. RATWIK <br />JOHN M. ROSZAK <br />THOMAS M. SIPKINS <br />ROBERT A. HUGHES <br />THOMAS S. DEANS <br />PATRICIA A. MALONEY <br /> <br />PIONEER PRESS/DISPATCH BUILDING <br />345 CEDAR STREET - SUITE 800 <br />ST. PAUL, MINNESOTA 55101-1062 <br />612-222-2811 <br /> <br />October 16, 1985 <br /> <br />RESULTS OF SALE <br /> <br />Wednesday, October 16, 1985 <br /> <br />City of Roseville, Minnesota <br />$2,885,000 General Obligation Improvement Bonds, Series 12 <br />Dated: November 1, 1985 <br />Moody's Rating: Aa 1 <br />Standard & Poor's Rating: AA- <br /> <br />1 . AMERICAN NATIONAL BANK AND TRUST COMPANY <br />PAINE WEBBER, JACKSON & CURTIS, INC. <br />Juran & Moody, Inc. <br />M. H. Novick & Company, Inc. <br />Robert S. C. Peterson, Inc. <br />Dougherty, Dawkins, Strand & Yost, Incorporated <br /> <br />1988 6.25% 1996 8.00% <br />1989 6.50% 1997 8.15% <br />1990 6.90% 1998 8.30% <br />1991 7 . 1 0% 1999 8.40% <br />1992 7.25% 2000 8.50% <br />1993 7.40% 2001 8.50% <br />1994 7.60% 2002 8.50% <br />1995 7.80% <br /> <br />Price: $2,836,667.00 <br />No Premium <br />Net Interest Cost: $2,400,520.00 <br />Net Interest Rate: 8.1691% <br /> <br />FRANCES H. GRAHAM <br />DAVID S. BARTEL <br />SUSAN J. SCHOELL <br />PATRICK J. FLYNN <br />STEPHEN M. KNUTSON <br /> <br />OF COUNSEL <br />FRED N. PETERSON, JR. <br /> <br />JOHN M. MAAS, PH.D <br />CONSULTANT <br />