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REDEMPTION Bonds maturing in the years 1990 through 2000 will be callable at the option of the City on September 1, 1989, and any interest payment date thereafter at par and accrued interest. Callable bonds will be redeemed in inverse order of their serial numbers. PAYING AGENT Bidder's discretion. CUSIP NUMBERS The bonds will be printed without CUSIP numbers unless requested by the purchaser who must agree in the Offer for the Bonds to pay all costs and expenses thereof including printing and CUSIP Service Bureau charges. Any failure to print such numbers or errors in printing shall not be cause for failure or refusal of the purchaser to accept delivery of and pay for the bonds in accordance with the purchase contract. The purchaser shall waive any extension in delivery time due to use of the numbers and shall accept all responsibility in connection with use of CUSIP numbers. DELIVERY Bonds will be delivered on or before September l2, 1980, subject to approving legal opinion of Messrs. Peterson, Popovich, Knutson & Flynn, professional Association, of St. Paul, Minnesota, and Messrs. Briggs and Morgan, Professional Association, of St. Paul, Minnesota. Bond printing and legal opinion will be paid by issuer and delivery will be anywhere in the continental united States without cost to the purchaser. Legal opinion will be printed on the bonds at the request of the successful bidder. TYPE OF BID Sealed bids of not less than $2,37l,752 and accrued interest on the principal sum of $2,415,000 from date of bonds to date of delivery must be filed with the undersigned prior to the time of sale, together with a certified or cashier's check in the amount of $48,300, payable to the order of the Treasurer of the issuer, to be forfeited as liquidated damages if bidder fails to comply with accepted bid. Bids for the bonds should be addressed to James F. Andre, City Manager, and may be mailed or delivered to the office of Peterson, popovich, Knutson & Flynn, 314 Minnesota Building, St. Paul, Minnesota 55101, and must be received at their office prior to 5:00 p. m. on August 13, 1980, at which time the bids will be opened and tabulated. The results will be reported to the city Council that evening for its action.