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E. 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 the City Council of the City of Roseville,
<br /> Minnesota, as follows:
<br /> 1. Acceptance of Proposal. The offer of Piper Jaffray& Co.,Minneapolis,
<br /> Minnesota(the "Purchaser"),to purchase the Bonds in accordance with the terms and at the rates
<br /> of interest hereinafter set forth, and to pay therefor the sum of$17,076,306.29 plus interest
<br /> accrued to settlement, is hereby accepted.
<br /> 2. Bond Terms.
<br /> (a) Original Issue Date; Denominations; Maturities and Term Bond Option. The
<br /> Bonds shall be dated November 1,2012, as the date of original issue,be issued forthwith on or
<br /> after such date in fully registered form,be numbered from R-1 upward in the denomination of
<br /> $5,000 each or in any integral multiple thereof of a single maturity(the"Authorized
<br /> Denominations").and shall mature on March 1 in the years and amounts as follows:
<br /> Year Amount Year Amount
<br /> 2014 $ 430,000 2022 $1,095,000
<br /> 2015 $ 855,000 2023 $1,155,000
<br /> 2016 $ 900,000 2024 $1,185,000
<br /> 2017 $ 940,000 2025 $1,225,000
<br /> 2018 $ 955,000 2026 $1,250,000
<br /> 2019 $ 975,000 2027 $1,295,000
<br /> 2020 $1,010,000 2028 $1,335,000
<br /> 2021 $1,080,000
<br /> As may be requested by the Purchaser, one or more term Bonds may be issued having
<br /> mandatory sinking fund redemption and final maturity amounts conforming to the foregoing
<br /> principal repayment schedule, and corresponding additions 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 State of New York or any of its successors or its
<br /> successors to its functions hereunder(the "Depository") will act as securities depository for the
<br /> Bonds, and to this end:
<br /> (i) The Bonds shall be initially issued and, so long as they remain in book
<br /> entry form only(the "Book Entry Only Period"), shall at all times be in the form of a
<br /> separate single fully registered Bond for each maturity of the Bonds; and for purposes of
<br /> complying with this requirement under paragraphs 5 and 10 Authorized Denominations
<br /> for any Bond shall be deemed to be limited during the Book Entry Only Period to the
<br /> outstanding principal amount of that Bond.
<br /> 2
<br /> 499092M
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