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EXHIBIT A <br />Notice of Bond Sale <br />$745,000 <br />CITY OF FALCON HEIGHTS - <br />RAMSEY COUNTY, MINNESOTA _ <br />GENERAL OBLIGATION TAX <br />INCREMENT BONDS OF 1985, SERIES B <br />-These bonds will be offered Tuesday, December 3, 1985, at 6:00 P.M., <br />Central Time at the City Hall in Falcon Heights, Minnesota. The bonds will be <br />dated December 1, 1985 and interest will be payable September 1, 1986 and <br />semiannually thereafter. The bonds will be general obligations of the Issuer <br />for which its unlimited taxing powers will be pledged. The bonds will mature <br />on March 1 in the years and amounts as follows: <br />Year Amount <br />1990 $ 20,000 <br />1991 75,000 <br />1992 125,000 <br />.1993 150,000 <br />1994 175,000 <br />1995 200,000 <br />All bonds maturing on or after March 1, 1994 are sub3ect to prior payment <br />on March 1, 1993 and any interest payment date thereafter at a price of par <br />and accrued interest. Sealed bids for not less than $733,825 and accrued <br />• interest on the .principal sum of $745,000 will be accepted. No rate of <br />interest nor the net effective average rate of the issue may exceed the <br />maximum rate allowed by law at-the time of sale. An acceptable approving <br />legal opinion will be furnished by Briggs and Morgan, Professional <br />Association, of St. Paul and Minneapolis, Minnesota. The proceeds will be <br />used to defray the cost of certain capital and administration costs within the <br />Development District No. 1 in the City. <br />Bidders should be aware that the Official Terms of Bond Sale to be <br />published in the Official Statement for the sale may contain additional <br />bidding terms and information relative. to the Issue. In the event of a <br />variance between statements in this Notice of Bond Sale and said Official <br />Terms of Bond Sale the provisions of the latter shall be those to be complied <br />with. <br />Dated: November 13, 1985 <br />BY ORDER OF THE CITY COUNCIL <br />Dewan Barnes <br />Clerk-Treasurer <br />Additional information may be obtained from: <br />Ehlers and Associates, Inc. <br />First National-Soo Line Concourse <br />• 507 Marquette Avenue <br />Minneapolis, Minnesota 55402 <br />(612) 339-8291 <br />