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<br />OFFICIAL TERMS OF OFFERING <br />$2,900,000 <br />CITY OF ROSEVILLE, MINNESOTA <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 20 <br />(Global Book Entry System) <br /> <br />THE SALE <br /> <br />Sealed bids for the Bonds will be opened by the City Manager or designee on <br />Monday, January 24, 1994 at 12:00 Noon, Central Time, at the City Hall, 2660 Civic <br />Center Drive, Roseville, Minnesota. Consideration for award of the Bonds will be <br />by the City Council at 7:30 p.m., Central Time, of the same day. <br /> <br />THE BONDS <br /> <br />Details of the Bonds. The Bonds will be issued using a Global Book Entry <br />System. One Global Certificate representing the aggregate principal amount of the <br />Bonds maturing in each year (the "Global Certificates") will be issued and fully <br />registered as to principal and interest in the name of Kray , Co., as nominee of the <br />Midwest Securities Trust Company (the "Depository"), a Securities and Exchange <br />Commission (the "SEC") registered depository, an Illinois trust company, a member <br />of the Federal Reserve System and a "clearing corporation" within the meaning of the <br />Illinois Uniform Commercial Code. <br /> <br />The Bonds will be dated February 10, 1994 and will bear interest payable on <br />March 1 and September 1 of each year, commencing September 1, 1994. The Bonds <br />will mature March 1 in the amounts and years as follows: <br /> <br />Amount Year Amount Year <br />$145,000 1995 $185,000 2002 <br />145,000 1996 195,000 2003 <br />155,000 1997 205,000 2004 <br />160,000 1998 215,000 2005 <br />165,000 1999 225,000 2006 <br />170,000 2000 240,000 2007 <br />180,000 2001 250,000 2008 <br /> 265,000 2009 <br /> <br />Optional Redemption. The City may elect on March 1, 2000 and on any date <br />thereafter to redeem and prepay Bonds due on or after March 1, 2001. Redemption <br />may be in whole or in part of the Bonds remaining unpaid which have the latest <br />maturity date will be prepaid first. If a maturity is prepaid only in part, <br />prepayments will be in integral multiples of $5,000 of principal within maturity by lot <br />as selected by the Registrar. All such prepayments shall be at a price of par plus <br />accrued interest. <br /> <br />Security and Purpose. The Bonds will be general obligations of the City for <br />that maturity which the City will pledge its full faith and credit and power to levy <br />direct general ad valorem taxes. In addition, the City will pledge special <br />assessments against property specially benefited by the improvements to be financed <br />therefrom. <br /> <br />D.nt61l46 <br />JlS200-13 <br /> <br />3 <br />