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<br />APPENDIX B
<br />
<br />OPFICIAL NOTICE OP SALE
<br />
<br />$930,000
<br />GENERAL OBLIGATION TAX INCREMENT BONDS, SERIBS 1989B
<br />CITY OP MOUNDS VIEW, MINNESOTA
<br />
<br />Notice is hereby given that the City of Mounds View, Minnesota (the "City")
<br />will will open sealed bids at the offices of the City's fiscal consultant,
<br />SPRINGSTED Incorporated, 85 East Seventh Place, Suite 100, Saint Paul,
<br />Minnesota 55101-2143, on Monday, September 25, 1989 at 11:00 A.M., Central
<br />Time, for the purchase of its $930,000 General Obligation Tax Increment Bonds,
<br />Series 1989B (the "Bonds"). The bids will then be opened and reoorded. The City
<br />Council will consider the award of the Bonds at 7:00 p.m., Central Time, of the
<br />same day.
<br />
<br />The Bonds will be dated November 1, 1989, will bear interest payable on
<br />February 1 and August 1 of each year, commencing August 1, 1990. The Bonds will
<br />be issued in integral multiples of $5,000 as requested by the Purchaser, and will be
<br />fully registered as to principal and interest.
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<br />The Bonds will mature February 1 in the amounts and years as follows:
<br />
<br /> Year Amount Year Amount
<br /> -
<br />. 1994 $ 55,000 2000 $ 80,000
<br /> 1995 55,000 2001 80,000
<br /> 1996 60,000 2002 90,000
<br /> 1997 65,000 2003 95,000
<br /> 1998 70,000 2004 100,000
<br /> 1999 75,000 2005 105,000
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<br />Bonds due on or after February 1, 1999 will be subject to redemption, in
<br />whole or in part at par plus accrued interest, at the City's option on February 1,
<br />1998, and on any interest payment date thereafter. If less than all of the Bonds are
<br />redeemed, Bonds will be redeemed in inverse order of maturity and by lot within a
<br />single maturity.
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<br />The City will furnish the approving legal opinion of Holmes &. Graven,
<br />Chartered, of Minneapolis, Minnesota. A copy of . the legal opinion will be
<br />reproduced on the printed Bonds. Copies of the detailed Official Terms of Offering
<br />and additional information may be obtained from the City Clerk-Administrator or
<br />from SPRINGSTED, Incorporated, 85 East Seventh Place, Suite 100, Saint Paul,
<br />Minnesota 55101-2143.
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<br />Dated: (Date Published)
<br />
<br />BY ORDER OF THE CITY COUNCIL
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