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UNITED STATES OF AMERICA STATE OF MINNESOTA RAMSEY COUNTY CITY OF ROSEVILLE � $ TAXASLE GENERAL OSLIGATION HOUSING IMPROVEMENT SOND, SERIES 2009A Interest Rate Maturity Date Date of Original Issue CUSIP % March 1, August 1, 2009 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: DOLLARS THE CITY OF ROSEVILLE, RAMSEY COUNTY, MINNESOTA (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above, unless called for prior redemption, and to pay interest thereon semiannually on March 1 and September 1 of each year (each, an "Interest Payment Date ") , commencing March 1, 2010, at the rate per annum specified above (calculated on the basis of a 360-day year of twelve 30-day months) until the principal sum is paid or has been provided for. This Sond will bear interest from the most recent Interest Payment Date to which interest has been paid or, if no interest has been paid, from the date of original issue hereof. The principal of and premium, if any, on this Sond are payable upon presentation and surrender hereof at the principal office of the Finance Director of the Issuer (the "Sond Registrar") , acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Sond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Sond is registered (the "Holder" or "Sondholder") on the registration books of the Issuer maintained by the Sond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month next preceding such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date") fixed by the Sond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given to Sondholders not less than ten days prior to the Special Record Date. The principal of and premium, if any, and interest on this Sond are payable in lawful money of the United States of America. So long as this Sond is registered in the name of the Depository or its Nominee as provided in the Resolution hereinafter described, and as those terms are defined therein, payment of principal of, premium, if any, and interest on this Sond and notice with respect thereto shall be made as provided in the Letter of Representations, as defined in the Resolution. Until termination of the book-entry only system pursuant to the Resolution, Sonds may only be registered in the name of the Depository or its Nominee. 2377798v1 i