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C. has an expected average life which will shorten by more than six years as <br /> the result of an immediate and sustained parallel shift in the yield curve of <br /> . minus 300 basis points; <br /> d. will have an estimated change in price of more than 17 percent, as the <br /> result of an immediate and sustained parallel shift in the yield curve of <br /> plus or minus 300 basis points. <br /> Investment firms are required to repurchase any and all securities which do not comply with <br /> Minnesota State Statutes, Sections 118.01, 471.56 and 475.66, or the City's investment policy <br /> with regard to high risk, at full face value of the purchase price. <br /> Current Value of City Investments at March 31, 1996 <br /> Total Booked at Cost $7,774,891.01 <br /> Change in Valuation 11.621.26 <br /> Current Valuation $7,786,512.27" <br /> The amount listed is the value of the assets as of March 31, 1996. The increase in valuation of 0.15% <br /> represents a capital gain that would occur if the investments were liquidated on March 31, 1996. It is <br /> a policy of the City of St Anthony to hold all its investments till maturity_ <br /> GENERAL INFORMATION CONCERNING THE CITY <br /> The City of St. Anthony is located in Hennepin and Ramsey Counties, immediately nort h of the <br /> City of Minneapolis. The City encompasses an area of 1,600 acres or approximately 3 square <br /> miles. Historical population figures for the City are shown below. <br /> Percent <br /> U.S. Census Population Increase/(Decrease) <br /> 1970 9,239 82% <br /> 1980 7,981 (14%) <br /> 1990 7,727 (3%) <br /> 1994• 7,939 (3%) <br /> Metropolitan Council estimate. <br /> Employment <br /> The City is centrally located within the Minneapolis/St. Paul metropolitan area which provides <br /> City residents with easy access to employment opportunities throughout the metropolitan area. <br /> Some of the larger employers within the City limits are: <br /> Approximate <br /> Number <br /> Employer Product/Service of Employees <br /> St. Anthony Health Center 150-Bed Nursing Home 240 <br /> Independent School District 282 Education 187 <br /> Apache Plaza Mall Shopping Center 115 <br /> Apache New Market Food Sales 100 <br /> Herbergers Merchandise Sales 60* <br /> * Located in Apache Plaza Mall. <br /> • Source: 1996 survey of employers. <br /> St. Anthony's industrial park has approximately 25 small or medium-sized businesses, each <br /> with employment ranging up to 50. <br /> - 11 - <br />