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OFFICIAL STATEMENT DATED NOVEMBER 13, 1995
<br /> Rating: Requested from Moody's
<br /> NEW ISSUE Investors Service
<br /> In the opinion of Dorsey& Whitney P.L.L.P., Bond Counsel, on the basis of laws in effect on the date of issuance of
<br /> the Bonds, interest on the Bonds is not includable in grass income of the recipient for federal income tax purposes or
<br /> in taxable net income of individuals, estates and trusts for Minnesota income tax purposes, but is includable in
<br /> taxable income of corporations and financial institutions for purposes of the Minnesota franchise tax. (For a
<br /> discussion of related issues see'Tax Exemption"herein.)
<br /> $2,650,000
<br /> City of St. Anthony, Minnesota
<br /> General Obligation Tax Increment Bonds, Series 19958
<br /> (Book Entry Only)
<br /> Dated Date: December 1, 1995 Interest Due: Each February 1 and August 1,
<br /> commencing February 1, 1996
<br /> The Bonds will mature February 1 as follows:
<br /> 1996 $130,000 2000 $150,000 2004 $180,000 2008 $220,000
<br />! 1997 $135,000 2001 $155,000 2005 $190,000 2009 $230,000
<br /> 1998 $140,000 2002 $165,000 2006 $195,000 2010 $240,000
<br /> 1999 $145,000 2003 $170,000 2007 $205,000
<br /> The City may elect on February 1, 2004, and on any day thereafter, to prepay Bonds due on or
<br /> after February 1, 2005 at a price of par plus accrued interest.
<br /> The Bonds will be general obligations of the City for which the City will pledge its full faith and
<br /> credit and power to levy direct general ad valorem taxes. In addition, the City will pledge tax
<br /> increment income received from the City's Chandler Place and Kenzie Terrace Housing and
<br /> Redevelopment Tax Increment Districts. The proceeds will be used to finance the construction
<br /> of a Community Center Complex.
<br /> Proposals shall be for not less than $2,610,250 and must be accompanied by a good faith
<br /> deposit in the form of a certified or cashier's check or a Financial Surety Bond in the amount of
<br /> $26,500, payable to the order of the City. Rates shall be specified in integral multiples of 5/100
<br /> or 1/8 of 1% and must be in ascending order. The Bonds will be awarded on the basis of True
<br /> Interest Cost (TIC).
<br /> The Bonds will be bank-qualified tax-exempt obligations pursuant to Section 265(b)(3) of the
<br /> Internal Revenue Code of 1986, as amended, and will not be subject to the alternative minimum
<br /> tax for individuals.
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<br /> The Bonds will be issued as fully registered bonds without coupons and, when issued, will be
<br /> registered in the name of Cede & Co., as nominee of The Depository Trust Company (the
<br /> "Depository"). The Depository will act as securities depository of the Bonds. Individual
<br />` purchases may be made in book entry form only, in the principal amount of$5,000 and integral
<br /> multiples thereof. Purchases will not receive certificates representing their interest in the Bonds
<br /> purchased. (See "Book Entry System" herein.) The City will name the Registrar and pay for
<br /> registration services.
<br /> PROPOSALS RECEIVED: November 27, 1995 (Monday)at 11:00 A.M., Central Time
<br /> AWARD: November 27, 1995 (Monday) at 7:00 P.M., Central Time
<br /> Further information may be obtained from
<br /> S P R I N G S T E D SPRINGSTED Incorporated, Financial Advisor to
<br /> the Issuer, 85 East Seventh Place, Suite 100,
<br /> PUBLIC FINANCE ADVISORS Saint Paul,Minnesota 55101 (612)223-3000
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