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The City may elect on March 1, 2001 and on any day thereafter to prepay Bonds maturing on or after March 1, 2002. Redemption may be in whole or in part and if in part, at the option of the City and in such order as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify Midwest Securities Trust Company (MSTC) of the particular amount of such maturity to be prepaid. MSTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. All prepayments will be at a price of par plus accrued interest. The City Council has designated the issue of Bonds of which this Bond forms a part as "qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the Code) relating to disallowance of interest expense for financial institutions and within the $10 million limit allowed by the Code for the calendar year of issue. Additional provisions of this Bond are contained on the reverse hereof and such provisions have the same effect as though fully set forth in this place. This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon has been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Roseville, Ramsey County, Minnesota, by its City Council, has caused this Bond to be executed on its behalf by the manual signatures of the Mayor and City Manager and has caused this Bond to be dated as of the date set forth below. Dated: CITY OF ROSEVILLE, MINNESOTA City Manager Mayor CERTIFICATE OF AUTHENTICATION (For Use By Successor Registrar) This is one of the Bonds delivered pursuant to the Resolution mentioned within. ~ By Authorized Representative DJ1t87126 R82oo-a