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EXHIBIT B OFFICIAL TERMS OF OFFERING $4,500,000 CITY OF ROSEVILLE, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 14 (Global Book Entry System) THE SALE Sealed bids for the Bonds will be opened by the Ci ty Manager or designee on Wednesday, February 17, 1988 at 12:00 Noon, Central Time, at the City Hall, 2660 Civic Center Drive, Roseville, Minnesota. Consideration for award of the Bonds will be by the City Council at 5:00 P.M., Central Time, of the same day. THE BONDS Details of the Bonds. The Bonds will be issued using a Global Book Entry System. One Global Certificate representing the aggregate principal amount of the Bonds maturing in each year (the "Global Certificates") will be issued and fully registered as to principal and interest in the name of Kray & Co. as nominee of the Midwest Secur i ties Trust Company (the "Deposi tory"), a Securi ties and Exchange Commission (the "SEC") registered deposi tory, an Illinois trust company, a member of the Federal Reserve System and a "clearing corporation" within the meaning of the Illinois Uniform Commercial Code. The Bonds will be dated March 1, 1988 and will bear interest payable on March 1 and September 1 of each year, commencing September 1, 1988. The Bonds will mature March 1 in the amounts and years as follows: $150,000 175,000 190,000 190,000 220,000 240,000 260,000 290,000 1989 1990 1991 1992 1993 1994 1995 1996 320,000 340,000 350,000 400,000 420,000 460,000 495,000 1997 1998 1999 2000 2001 2002 2003 Optional Redemption. The Ci ty may elect on March 1, 1994, and on any interest payment date thereafter to prepay Bonds due on or after March 1, 1995. Redemption may be in whole or in part