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<br />EXHIBIT B <br /> <br />OFFICIAL NOTICE OF <br />SALE <br /> <br />$2,200,000 <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS, SERIES 18 <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 by the <br />Manager, or designee, on Monday, <br />January 27, 1992, at 12:00 Noon, <br />Central Time, at the City Hall, <br />2660 civic Center Drive, Roseville, <br />Minnesota 55113. Consideration of <br />the bids for award of the sale will <br />be by the City Council at its <br />meeting in the Roseville City Hall <br />beginning at 7:30 P.M., Central <br />Time, on the 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 Kray & <br />Co. as nominee of the Midwest <br />Securities Trust Company ("MSTC"), <br />chicago, Illinois, which will act <br />as securities depository of the <br />Bonds. Individual purchases of the <br />Bonds may be made in the principal <br />amount of $5,000 or any multiple <br />thereof of a single maturity <br /> <br />25731 <br /> <br />B-1 <br />