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City of Roseville, Minnesota <br />February 4,2004 <br />At the time of settlement of the Bonds, the City will deposit funds into the debt service fund for <br />the Series 23 Bonds sufficient to redeem the Series 23 Bonds. To maximize savings, the City <br />should invest these Bond proceeds for the period between the closing date and the call date. <br />Springsted staff is available to assist the City in the process of selecting and purchasing <br />investments for this purpose. <br />Springsted is pleased to be of service to the City of Roseville. <br />Resp ctfully submitted, <br />� <br />! <br />�� N��T ia1��r�ora <br />Page 5 <br />