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5313747v2 <br /> <br /> 2 <br />Section 475.60, Subdivision 2(9) an d proposals to purchase the B onds have been solicited by <br />Springsted; and <br />F. WHEREAS, the proposals set forth on Exhi bit A attached hereto were received <br />by the Clerk, or designee, at the offices of Springs ted at 10:00 a.m. this same day pursuant to the <br />Terms of Proposal estab lished for the Bonds; and <br />G. WHEREAS, it is in the best interests of the City that the Bonds be issued in book- <br />entry form as hereinafter provided; and <br />NOW, THEREFORE, BE IT RESOLVED by th e Council of the City of Roseville, <br />Minnesota, as follows: <br />1. Acceptance of Proposal. The proposal of ______________________ <br />___________________________ (the "Purchaser"), to purcha se the Bonds in accordance with <br />the Terms of Proposal established for the Bonds, at the rates of interest he reinafter set forth, and <br />to pay therefor the sum of $______________, plus in terest accrued to settlement, is hereby <br />found, determined and declared to be the most favorable proposal received and is hereby <br />accepted, and the Bonds are hereby awarded to the Purc haser. The Clerk is directed to retain the <br />deposit of the Purchaser and to forthwith return to the unsuccessful bidders their good faith <br />checks or drafts. <br />2. Bond Terms. <br />(a) Original Issue Date; Denominations; Maturi ties. The Bonds shall be dated as of <br />April 1, 2013, as the date of original issue, shall be issued forthwith on or after such date in fully <br />registered form, shall be numbered from R-1 upward in the denomina tion of $5,000 each or in <br />any integral multiple thereof of a single matur ity (the "Authorized Denominations") and shall <br />mature on March 1 in the years and amounts as follows: <br />Year Amount <br /> <br />2015 <br />2016 <br />2017 <br />2018 <br />2019 <br /> <br />As may be requested by the Purchaser, one or more term Bonds may be issued having <br />mandatory sinking fund redemption and final ma turity amounts conforming to the foregoing <br />principal repayment schedule, and corresponding addi tions may be made to the provisions of the <br />applicable Bond(s). <br />(b) Book Entry Only System. The Depository Trust Company, a limited purpose <br />trust company organized under the laws of the Stat e of New York or any of its successors or its <br />successors to its functions hereunder (the "Depos itory") will act as secu rities depository for the <br />Bonds, and to this end: