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UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTIES OF HENNEPIN AND RAMSEY <br /> CITY OF ST. ANTHONY <br /> GENERAL OBLIGATION BOND, SERIES 2009A <br /> No. R- $ <br /> Interest Rate Maturity Date of CUSIP <br /> Original Issue <br /> May 7, 2009 <br /> REGISTERED OWNER: CEDE & CO. <br /> PRINCIPAL AMOUNT: DOLLARS <br /> THE CITY OF ST. ANTHONY, Hennepin and Ramsey Counties, Minnesota(the <br /> "City"), acknowledges itself to be indebted and, for value received,hereby promises to pay to the <br /> registered owner named above, or registered assigns, the principal amount specified above, on <br /> the maturity date specified above, with interest thereon from the date of original issue specified <br /> • above, or from the most recent interest payment date to which interest has been paid or duly <br /> provided for, at the annual rate specified above. Interest hereon is payable on February 1 and <br /> August 1 in each year, commencing February 1, 2010, 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, all subject to the provisions referred to herein with respect to the <br /> redemption of the principal of this Bond before maturity. The interest hereon and, upon <br /> presentation and surrender hereof, the principal hereof, are payable in lawful money of the <br /> United States of America by check or draft of Wells Fargo Bank,National Association, in <br /> Minneapolis, Minnesota, as Bond Registrar, Transfer Agent and Paying Agent (the"Bond <br /> Registrar"), or its successor designated under the Resolution described herein. <br /> This Bond is one of an issue in the aggregate principal amount of$5,175,000 (the <br /> "Bonds"), issued pursuant to a resolution adopted by the City Council on April 14, 2009 (the <br /> "Resolution"), for the purpose of refunding bonds issued to finance improvements to the City's <br /> storm sewer utility, refunding bonds issued to finance the costs of improvements to state-aid <br /> roads in the City, financing a portion of the costs of various street improvements in the City and <br /> financing costs of various park improvements within the City, and is issued pursuant to and in <br /> full conformity with the provisions of the Constitution and laws of the State of Minnesota <br /> thereunto enabling, including Minnesota Statutes, Section 162.18, Minnesota Statutes, <br /> Section 469.1814 and Minnesota Statutes, Chapters 429 and 475. The Bonds are issuable only as <br /> fully registered bonds in denominations of$5,000 or any multiple thereof, of single maturities. <br /> The Bonds of this series are issuable only as fully registered Bonds, in denominations of$5,000 <br /> • or any multiple thereof, of single maturities. <br /> -3- <br />