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.. ~ ' OFFICIAL NOTICE OF SALE $1,400,000 General Obligation Tax Increment Bonds of 1983, Series A City of New Brighton Ramsey County, Minnesota NOTICE IS HEREBY GIVEN that the undersigned will receive sealed bids for the above bonds until 3:30 o'clock p.m., Central Time, in the New Brighton City Hall on Tuesday, July 12, 1983, when the bids will be opened. The City Coun- cil of the City of New Brighton, Minnesota, will meet at the New Brighton City Hall at 7:30 o'clock p.m., Central Time, on the same day to consider the bids for award of sale of $1,400,000 fully registered, general obligation bonds of the City on the following terms: Purpose and Security The purpose of the bonds is to provide funds for the financing of various public improvements in the City's Tax Increment Financing District No.3. The bonds will be gen- eral obligations of the issuer, for which its full faith and credit and taxing powers will be pledged. Date and Maturities The bonds will be dated August 1, 1983, will be issued in and exchangeable for denominations which are integral multiples of $5,000, and will mature without option of prior redemption on August 1 in the following years and amounts: Year Amount Year Amount 1985 $ 50,000 1992 $125,000 1986 50,000 1993 125,000 1987 75,000 1994 125,000 1988 75,000 1995 150,000 1989 100,000 1996 150,000 1990 100,000 1997 175,000 1991 100,000 In te rest Interest on the bonds will be payable on August 1, 1984, and semiannually thereafter on each February 1 and August 1. All bonds maturing on the same date must bear interest from da te of issue un ti 1 paid at a single I uni form ra te I not exceeding the rate specified for bonds of any subsequent maturity. Each rate must be in an integral multiple of - 3 -