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<br />EXHIBIT B <br /> <br />OFFICIAL TERMS OF <br />BOND SALE <br /> <br />$2,500,000 <br /> <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS, SERIES 25 <br /> <br />CITY OF ROSEVILLE <br />RAMSEY COUNTY <br />MINNESOTA <br /> <br />(Book Entry Only) <br /> <br />NOTICE IS HEREBY GIVEN that these bonds will be offered for sale <br />according to the following terms: <br /> <br />TIME AND PLACE: <br /> <br />Sealed bids will be opened and <br />tabulated by the City Manager or <br />designee on Monday, January 25, <br />1999, at 12:00 Noon, Central Time, <br />at the City Hall in Roseville, <br />Minnesota. Consideration for award <br />will be at 6:30 P.M., Central Time, <br />by the City Council at its meeting <br />in the Roseville City Hall that <br />same day. <br /> <br />BOOK ENTRY SYSTEM: <br /> <br />The bonds will be issued by means <br />of a book entry system with no <br />physical distribution of bond <br />certificates made to the public. <br />The bonds will be issued in fully <br />registered form and one bond <br />certificate, representing the <br />aggregate principal amount of the <br />bonds maturing in each year, will <br />be registered in the name of Cede & <br />Co. as nominee of The Depository <br />Trust Company (IIDTCII), New York, <br />New York, which will act as <br />securities depository of the bonds. <br />Individual purchases of the bonds <br />may be made in the principal amount <br />of $5,000 or any multiple thereof <br />of a single maturity through book <br />entries made on the books and <br />records of DTC and its partici- <br /> <br />1004111.1 <br /> <br />B-1 <br />