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s; =i ~i ~i 6a6! I 11 'J.03. The City will forthwith issue and sell the Bonds pursuant to Minnesota Statutes, Chapte 1469 (the "Act"), in the total principal amount of $ , originally dated June 1, 2007, the denomination of $5,000 each or any integral multiple thereof, numbered No. R-1, upwar bearing interest as above set forth, and maturing serially on February 1 in the years and amoun as follows: 1 Year Amount Year Amount i' 2013 2024 ~a 2014 2025 2015 2026 2016 2027 2017 2028 2018 2029 ±i 2019 2030 Ba 2020 2031 a1 2021 2032 2022 2033 2023 i For th purposes of complying with Minnesota Statutes, Section 475.54, Subdivisions 1 and 2, the C hereby combined the maturities of the Bonds (including mandatory sinking fund install eats, if applicable) with the City's $5,160,000 Taxable General Obligation Tax Increment Bands (Series 2001C. i 8 1.04. Optional Redem tion. The City may elect on February 1, 2018, and on any day therea er to prepay Bonds due on or after February 1, 2019. Redemption may be in whole or in part if in part, at the option of the City and in such manner as the City will determine. If less than Bonds of a maturity are called for redemption, the City will notify DTC (as defined in Sectia 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by to the amount of each participant's interest in such maturity to be redeemed and each partic ant will then select by lot the beneficial ownership interests in such maturity to be redee ed. Prepayments will be at a price of par plus accrued interest. 1 1.05. Term Bonds. To be completed if Term Bonds are requested by the Purchaser. Section 2. Registration and Payment. 12.01. Registered Form. The Bonds will be issued only in fully registered form. The intere~ f thereon and, upon surrender of each Bond, the principal amount thereof, is payable by checker draft issued by the Registrar described herein. I~ 310072v~S7B NE136 214 3 i {p f< i, i i