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NOTICE OF BOND SALE <br />$739,000 <br />GENERAL OBLIGATION <br />PARK BONDS OF 1974 <br />CITY OF LAKE EL 40 <br />WASt II NGTON COUNTY <br />MINNESOTA <br />NOT = HEREBY GIVEN that these bonds will be offered for sale according to <br />the )I , :wing terms: <br />TIM` 1N' PLACE: Wednesday, December 11, 1974, at <br />7:00 o'clock P.M., C.S.T. at the <br />City Hall in Lake Elmo, Minnesota. <br />"YP! )F ;0NDS: Negotiable coupon general obligation <br />bonds, $1,000 or $5,000 denominations at <br />the option of the bidder, except that <br />bonds numbered 1 to 4, both inclusive, <br />shall be in the denominations of $1,000 <br />each. <br />'-"Tt ,F- ANDS: December 1, 1974. <br />Acquisition and betterment of park <br />facilities in the City. <br />'JTf 5T `"IYMENTS: December 1, 1975, and semiannually <br />thereafter on June 1 and December 1. <br />P Fir11: December 1 in each of the years and <br />amounts as follows: <br />1977 <br />$14,000 <br />1978 <br />$20,000 <br />1979-1980 <br />%30,000 <br />1981-1984 <br />$40,000 <br />1985-1987 <br />$45,000 <br />1988-1994 <br />$50,000 <br />All dates are inclusive. <br />RE! TI{ At the option of the issuer, bonds <br />maturing on or after December 1, 1985 <br />shall be subject to prior payment, in <br />inverse order of serial numbers, on <br />December 1, 1984 and any interest payment <br />date thereafter, at a price of par and <br />accrued interest plus a premium of to of <br />par. <br />Page 1 of Exhibit "A" <br />