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<br />LAW OFFICE <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 />Knutson9 Flynn & Hetland <br />PROFESSIONAL ASSOCIATION <br />345 CEDAR STREET - SUITE 800 <br />PIONEER PRESS/DISPATCH BUILDING <br />ST. PAUL, MINNESOTA 55101-1062 <br />612-222-2811 <br /> <br />December 17, 1985 <br /> <br />FRANCES H. GRAHAM <br />DAVID S. BARTEL <br />SUSAN J. SCHOELL <br />PATRICK J. FLYNN <br />STEPHEN M. KNUTSON <br />ANNE F. KRISNIK <br /> <br />OF COUNSEL <br />FRED N. PETERSON. JR. <br /> <br />JOHN M. MAAS. PH.D <br />CONSULTANT <br /> <br />RESULTS OF SALE <br /> <br />Tuesday, December 17, 1985 <br /> <br />$8,335,000* General Obligation Tax Increment Bonds, Series 2 <br />City of Roseville, Ramsey County <br />Roseville, Minnesota <br />Dated: December 1, 1985 <br />Ratings: Moody's: Aa 1; Standard & Poor's: AA- <br /> <br />1. FIRST NATIONAL BANK OF ST. PAUL ) <br />FIRST NATIONAL BANK OF MINNEAPOLIS) Joint Managers <br />NORWEST INVESTMENT SERVICES ) <br />PIPER, JAFFRAY & HOPWOOD ) <br />Allison-Williams Company <br />Cronin & Marcotte, Inc. <br />Robert W. Baird & Company <br />Miller & Schroeder Municipals, Inc. <br />Moore, Juran and Company, Inc. <br />- In Association With - <br />MERRILL LYNCH) Joint Managers <br />DAIN BOSWORTH) <br />Kidder, Peabody & Company <br />Miller Securities, Inc. <br />Marquette National <br />Summit Investment Corp. <br />- In Association With - <br />AMERICAN NATIONAL BANK ) Joint Managers <br />PAINEWEBBER, JACKSON & CURTIS) <br />Juran & Moody, Inc. <br />Dougherty, Dawkins, Strand & Yost, Inc. <br />M. H. Novick & Company, Inc. <br />Robert S. C. Peterson, Inc. <br />- In Association With - <br />CONTINENTAL ILLINOIS NATIONAL) <br />FIRST CHICAGO ) Joint Managers <br />CLAYTON BROWN & ASSOC., INC. ) <br />Hutchinson, Shockey, Erley & Company <br />- In Association With - <br />THE NORTHERN TRUST COMPANY) <br />GOLDMAN, SACHS & COMPANY ) Joint Managers <br />E. F. HUTTON ) <br />Blunt, Ellis & Loewi, Inc. <br />