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<br />EXHIBIT B <br /> <br />OFFICIAL TERMS OF OFFERING <br /> <br />$3,500,000 <br /> <br />CITY OF ROSEVILLE, MINNESOTA <br /> <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 15 <br /> <br />(Global Book Entry System) <br /> <br />THE SALE <br /> <br />Sealed bids for the Bonds will be opened by the Acting City <br />Manager or designee on Wednesday, February 22, 1989 at 12:00 <br />Noon, Central Time, at the City Hall, 2660 Civic Center Drive, <br />Roseville, Minnesota. Consideration for award of the Bonds <br />will be by the City Council at 5:00 P.M., Central Time, of the <br />same day. <br /> <br />THE BONDS <br /> <br />Details of the Bonds. The Bonds will be issued using a Global <br />Book Entry System. One Global Certificate representing the <br />aggregate principal amount of the Bonds maturing in each year <br />(the "Global Certificates") will be issued and fully <br />registered as to principal and interest in the name of Kray & <br />Co. as nominee of the Midwest Securities Trust Company (the <br />"Depository"), a Securities and Exchange Commission (the <br />"SEC") registered depository, an Illinois trust company, a <br />member of the Federal Reserve System and a "clearing <br />corporation" within the meaning of the Illinois Uniform <br />Commercial Code. <br /> <br />The Bonds will be dated March 1, 1989 and will bear interest <br />payable on March 1 and September 1 of each year, commencing <br />September 1, 1989. The Bonds will mature March 1 in the <br />amounts and years as follows: <br />