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EXHIBIT C <br /> FORM OF BOND <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTIES OF HENNEPIN AND RAMSEY <br /> HOUSING AND REDEVELOPMENT AUTHORITY OF ST. ANTHONY <br /> LIMITED REVENUE TAXABLE TAX INCREMENT BOND <br /> (R.A. HELLICKSON) <br /> $130,000 <br /> THE HOUSING AND REDEVELOPMENT AUTHORITY OF ST. <br /> ANTHONY, Hennepin and Ramsey Counties, Minnesota (the "HRA"), <br /> acknowledges itself to be indebted and, for value received, hereby promises to pay to <br /> R.A. Hellickson, a Minnesota resident (the "Redeveloper"), the principal amount <br /> specified above, together with interest thereon at the rate of 9.00% per annum, with <br /> such interest to accrue from the date of issuance by the HRA of the Certificate of <br /> Completion, as defined in the Redevelopment Agreement (the "Certificate of <br /> Completion"), pursuant to Section 4.3 of the Redevelopment Agreement dated <br /> July 27, 1993 (the `Redevelopment Agreement") between the HRA and the <br /> Redeveloper. Interest accruing from the date of issuance of the Certificate of <br /> Completion and not paid on any August 1 or February 1 thereafter shall be added to <br /> the principal amount of the Bond on such date. The interest hereon and the <br /> principal hereof, are payable in lawful money of the United States of America, by <br /> check or draft of the HRA mailed to the Redeveloper at the address specified by the <br /> Redeveloper, on the dates and in the amounts hereafter specified. <br /> This Bond is issued pursuant to a resolution adopted by the Board of <br /> Commissioners on July 27, 1993 (the "Resolution") to reimburse the Redeveloper <br /> for the payment of the capital costs of, a redevelopment project to be undertaken in <br /> Tax Increment Financing District No. 4-Ramsey County (the "District") of the HRA <br /> and is issued pursuant to and in full conformity with the provisions of the <br /> Constitution and laws of the State of Minnesota thereunto enabling, including <br /> Minnesota Statutes, Section 469.041, Section 469.178 and Chapter 475. This Bond is <br /> payable solely from tax increments to be derived from the District (the "Tax <br /> Increment") which have been pledged to the payment of this Bond by the <br /> Resolution. <br /> C-1 <br />