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<br /> o ;w OFFICIAL STATEMENT
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<br /> p ; O.0.1 a O O M N ; cr+7 ; 0;0'N tt0 O Pi09 ; M O I N O I M ; N cc ; O 11 $1,500,000
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<br /> 1 1 CITY OF ST. ANTHONY, MINNESOTA
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<br /> GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2002A
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<br /> bo N t o o N_ N ' N W N 1 C N W (BOOK ENTRY ONLY)
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<br /> t- to N N N t- o o N I N o INTRODUCTORY STATEMENT
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<br /> ° 1 This Official Statement contains certain information relating to the City of St. Anthony,
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<br /> w I 1 1 I 1 1 I 1 I 11 Minnesota (the "City" or the `Issuer"), and its issuance of $1,500,000 General Obligation
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<br /> °° N to I I °° N I N I V. I °t- 1 ° ' ° ' Improvement Bonds, Series 2002A (the "Bonds," the "Obligations" or the "Issue"). The Bonds
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<br /> > 1 I N I 1 c, 1 _ ; I ; are general obligations of the City for which the City pledges its full faith and credit and power
<br /> to levy direct general ad valorem taxes without limit as to rate or amount. Additional sources of
<br /> I 1 1 I I I I I 1 11
<br /> 1 authority and pledged security for the Bonds are described in more detail herein.
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<br /> 1 o �, o 0 1 1 ..o to 1 1 1 0 1 Inquiries may be directed to Mr. Roger Larson Finance Director City of St. Anthony, 3301
<br /> I �� Io1 � � Io1 I � IN1 X11 '
<br /> 14 ; N ; I N I N ; N ;; Silver Lake Road, St. Anthony, Minnesota 55418 or by telephoning (612) 789-8881. Inquiries
<br /> may also be made to Springsted Incorporated, 85 East Seventh Place, Suite 100, St. Paul,
<br /> w Minnesota 55101-2887, or by telephoning (651) 223-3000. If information of a specific legal
<br /> M-o v=e- i 1 tp t0 N t7 N ° 1 matter is desired, requests may be directed to Mr. Jerome Gilligan, Dorsey & Whitney LLP,
<br /> 1 I I N N I 1 I N ; ; `° ;; Bond Counsel 50 South Sixth Street Suite 1500 Minneapolis Minnesota 55402 or by
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<br /> W 1 r telephoning (612) 340-2962.
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<br /> w 1 I 1 I 1 ' 1 1 1 11 CONTINUING DISCLOSURE
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<br /> In order to permit bidders for the Bonds and other participating underwriters in the primary
<br /> offering of the Bonds to comply with paragraph (b)(5) of Rule 15c2-12 promulgated by the
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<br /> OR w W 2 � C Ip O v C r Ul) '` N ' to � °In I ° ' Securities and Exchange Commission under the Securities Exchange Act of 1934 as amended co 0
<br />4.
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<br /> b w 1 m I I I I -" (the "Rule"), the City will covenant and agree, for the benefit of the registered holders or
<br /> beneficial owners from time to time of the outstanding Bonds, in the Bond Resolution, to
<br /> provide annual reports of specified information and notice of the occurrence of certain events, if
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<br /> o W W w a material, as hereinafter described (the "Disclosure Covenants"). The information to be
<br /> > ° ° — ° provided on an annual basis, the events as to which notice is to be given, if material, and a
<br /> summary of other provisions of the Disclosure Covenants, including termination, amendment
<br /> and remedies, are set forth in Appendix II to this Official Statement.
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<br /> > m a w ° a w m Breach of the Disclosure Covenants will not constitute a default or an "Event of Default" under
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<br /> w A 6 0 n 0 m 0 o o the Bonds or the Bond Resolution. A broker or dealer is to consider a known breach of the
<br /> w y v O m 2 = A" to ° w �o m Disclosure Covenants however, before recommending the purchase or sale of the Bonds in the
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<br /> a o w 10 d d y- U d w s secondary market. Thus, a failure on the art of the Ci to observe the Disclosure Covenants
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<br /> a w a w ,,a°. ; �, o g ; g may adversely affect the transferability and liquidity of the Bonds and their market price.
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