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<br />Exhibit A <br /> <br />(Form of Note) <br /> <br />No. R-l <br /> <br />$5,200,000 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />Commercial Development Revenue Note of 1985 <br />(Cohasset Investments Project) <br /> <br />Th~ City of New Brighton, Minnesota (the "City"), hereby <br />acknowledges itself to be indebted and, for value received, <br />promises to pay to The First National Bank of Saint Paul in <br />st. Paul, Minnesota, or to its successors or registered <br />assigns (the "Lender" or "Registered Owner"), from the <br />source and in the manner hereinafter provided, the principal <br />amount of FIVE MILLION TWO HUNDRED THOUSAND DOLLARS <br />($5,200,000) on the dates and in the principal amounts <br />hereinafter provided, and the City further promises to pay <br />to the Lender interest from the date hereof on the outstand- <br />ing portion of the principal amount hereof (the "Principal <br />Balance"), until the same is paid, at the rate or rates of <br />interest determined as hereinafter provided. <br /> <br />Each capitalized but undefined term which appears in <br />this Note has the same meaning given to such term in the <br />Loan Agreement, dated as of December 1, 1985 (the "Agree- <br />ment"), between the City and Cohasset Investments, a <br />Minnesota partnership (the "Borrower") and executed in con- <br />nection with the issuances of the Note. <br /> <br />All payments due on this Note are payable on the first <br />day of each month, commencing , 19 (the <br />"Payment Dates"), at the offices of the Lender, or at such <br />other place or places as the Lender may specify to the City <br />and the Borrower in writing from time to time, in any coin <br />or currency of the United States of Amer ica which on the <br />date of payment thereof is legal tender for public and pri- <br />vate debts. <br /> <br />From the date hereof through the Conversion Date, <br />interest only shall be paid. In addition to the abovemen- <br />tioned interest, dur ing the per iod commencing on the date <br />hereof and ending on the Conversion Date, this Note shall <br />bear additional interest in the amount of $ (the <br />"Additional Interest"), which Additional Interest shall be <br />payable to the Lender on the date of issuance and delivery <br />hereof. <br /> <br />A - l <br />