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EXHIBIT B <br />OFFICIAL TERMS OF <br />BOND SALE <br />$2,375,000 <br />GENERAL OBLIGATION BONDS OF 1986, <br />CONSISTING OF $1,515,000 GENERAL OBLIGATION <br />STORM SEWER BONDS OF 1986, <br />$340,000 GENERAL OBLIGATION STATE -AID <br />STREET BONDS OF 1986 AND <br />$520,000 GENERAL OBLIGATION IMPROVEMENT <br />BONDS OF 1986 <br />CITY OF-LITTLE CANADA <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: <br />TYPE OF BONDS: <br />DATE OF ORIGINAL <br />ISSUE OF BONDS: <br />PURPOSE: <br />Sealed bids on these bonds will be <br />opened on Wednesday, July 23, 1986, <br />at 11 :00 A.M., Central Time at the <br />offices of Juran & Moody, Inc., in <br />St. Paul, Minnesota. Consideration <br />of the bids and the award of the <br />sale will be by the City Council at <br />7:00 P.M., Central Time, of the <br />same day at the City Hall in the <br />City of Little Canada, Minnesota. <br />Fully registered general obligation <br />bonds, $5,000 or larger denomina- <br />tions at the option of the bidder. <br />August 1, 1986. <br />To defray the expense of the <br />construction of various <br />improvements in the City's Storm <br />Sewer Improvement Tax District, the <br />construction of state -aid streets, <br />and the construction of various <br />improvements in the City. <br />,•v 1 <br />