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OFFICIAL TEIUIS OF OFFERIRG $2,000,000 CITY OF ROSEVILLE, JlIlUŒSOTA GElŒRAL OBLIGATION :uœROVEJIEIIT BOIIDS, SERIES 16 (Global Book Entry Systea) THE SALE Sealed bids for the Bonds will be opened by the City Manager or designee on Wednesday, March 14, 1990 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 3.45 PM, Central Time, of the same day. THE BOliIDS 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 nomi- nee of the Midwest Securities Trust Company (the "Depository"), a Securities 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 April 2, 1990 and will bear interest payable on March 1 and September 1 of each year, commencing September 1, 1990. The Bonds will mature March 1 in the amounts and years as follows: Amount Year Amount Year $ 85,000 1991 $125,000 1998 90,000 1992 135,000 1999 95,000 1993 145,000 2000 100,000 1994 155,000 2001 105,000 1995 165,000 2002 110,000 1996 175,000 2003 120,000 1997 190,000 2004 205,000 2005 Optional Redemption The City may elect on March 1, 1996 and on any date thereafter to redeem and prepay Bonds due on or after March 1, 1997. Redemption may be in whole or in part of the Bonds remaining unpaid which have the latest maturity date will be prepaid first. If a maturity is prepaid on or in part, pre- payments will be in increments of $5,000 of principal. All such prepayments shall be at a price of par plus accrued interest. Security and Purpose. The Bonds will be general obligations of the City for that maturity which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In addition, the City will pledge special assessments against property specially benefited by the improvements to be financed therefrom.