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UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />RAMSEY COUNTY <br />c:ITY OF FALCON HEIGHTS <br />R- <br />GENERAL OBLIGATION TAX INCREMENT <br />BONll OF 1985 <br />INTEREST MATURITY DATE OF <br />RATE DATE ORIGINAL ISSUE <br />June 1, 1985 <br />REGISTERED OWNER: <br />PRINCIPAL AMOUNT: <br /> <br />CUSIP <br />KNOW ALL PERSONS l3Y THESE PRESENTS that the City of <br />Falcon Heights, Ramsey County, Minnesota (the "Issuer"), <br />certifies that it is indebted and for value received promises <br />to pay to the registered owner specified above, or registered <br />assigns in the manner hereinafter set forth, the principal <br />• amount specified above, on the maturity date specified above, <br />unless called for earlier redemption, and to pay interest <br />t2~ereon semiannually on March 1 and September 1 of each year <br />(each, an "Interest Payment Date") corcunencing March 1, 1986 at <br />the rate per annum specified above, (calculated on the basis of <br />a 360-day year of twelve 30-day months) until the principal surn <br />is paid or has been provided for. This Bond will bear interest <br />from the tnost recent Interest Payment Date to which interest <br />has been paid or, if no interest has been paid, from the date <br />of original issue hereof. The principal of and premium, if <br />any, on this Bond are payable upon presentation and surrender <br />hereof at the principal office of <br />a _ duly <br />organized and validly existing under the laws of <br />(the "Bond Registrar"), acting as paying agent, <br />or any successor paying agent duly appointed by the Issuer. <br />Interest on this Bond will be paid on each Interest Payment <br />Date by check or draft ,nailed to the person in whose name this <br />Bond is registered (the "Holder" or "Bonaholder") on the <br />*The First National Bank of Minneapolis, Minneapolis, Minnesota <br />• 6 <br />