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EXHIBIT B <br /> FORM OF BOND <br /> No. R- $ <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF MOUNDS VIEW <br /> GENERAL OBLIGATION CAPITAL IMPROVEMENT <br /> PLAN BOND, SERIES 2017A <br /> Date of <br /> Rate Maturity Date Original Issue CUSIP <br /> February 1, 20_ May 4, 2017 <br /> Registered Owner: Cede & Co. <br /> The City of Mounds View,Minnesota,a duly organized and existing municipal corporation <br /> in Ramsey County, Minnesota (the "City"), acknowledges itself to be indebted and for value <br /> received hereby promises to pay to the Registered Owner specified above, or registered assigns, <br /> the Principal Amount specified above on the Maturity Date specified above, unless called for <br /> earlier redemption, with interest thereon from the date hereof at the annual rate specified above <br /> (calculated on the basis of a 360 day year of twelve 30 day months), payable February 1 and <br /> August 1 in each year, commencing February 1, 2018, to the person in whose name this Bond is <br /> registered at the close of business on the 15th day (whether or not a business day) of the <br /> immediately preceding month. The interest hereon and, upon presentation and surrender hereof, <br /> the principal hereof are payable in lawful money of the United States of America by check or draft <br /> by Bond Trust Services Corporation, Roseville, Minnesota, as Bond Registrar, Paying Agent, <br /> Transfer Agent and Authenticating Agent, or its designated successor under the Resolution <br /> described herein. For the prompt and full payment of such principal and interest as the same <br /> respectively become due, the full faith and credit and taxing powers of the City have been and are <br /> hereby irrevocably pledged. <br /> The City may elect on February 1, 2026, and on any date thereafter to prepay Bonds due <br /> on or after February 1, 2027. Redemption may be in whole or in part and if in part, at the option <br /> of the City and in such manner as the City will determine. If less than all Bonds of a maturity are <br /> called for redemption, the City will notify The Depository Trust Company ("DTC") of the <br /> particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each <br /> participant's interest in such maturity to be redeemed and each participant will then select by lot <br /> the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price <br /> of par plus accrued interest. <br /> 496797v2 JSB M1J210-244 B-1 <br />