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EXHIBIT B <br />OFFICIAL TERMS OF <br />BOND SALE <br />$525,000 <br />GENERAL OBLIGATION TAX INCREMENT <br />IMPROVEMENT BONDS OF 1983 <br />CITY OF FALCON HEIGHTS <br />RAMSEY COUNTY <br />MINNESOTA <br />NOTICE IS HEREBY GIVEN that these bonds will be offered for <br />sale according to the following terms: <br />TIME AND PLACE:. Wednesday, August 31, 1983, at 7:30 <br /> P.M., Central Time at the City Hall <br /> in Falcon Heights,. i~iinnesota. <br />TYPE OF BONDS: Fully registered general obligation <br /> bonds, $5,000 denominations or any <br /> integral multiple thereof at the <br /> option of the bidder. <br />• DATE OF BONDS: September 1, 1983. <br />PURPOSE: To defray the expense of certain <br /> capital and administration costs in <br /> Development District No. 1 in .the <br /> City. <br />INTEREST PAYMENTS: March 1, 1984, and semiannually <br /> t'nereafter on September 1 and March <br /> 1. <br />MATURITIES: March 1 in each of the .years and <br /> amounts as follows: <br /> 1985 $50,000 <br /> 1986 $75,000 <br /> .1987 $50,000 <br /> 1988 $75,000 <br /> 1989 $75,000 <br /> 1990 $50,000 <br /> 1991 $75,000 <br /> 1992 $75,000 <br />All dates are inclusive. <br /> <br />