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NOW, THEREFOREBE IT RESOLVEDBY THE CITY COUNCIL OF THE CITY OF <br />, <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1. Acceptance of Proposal. The proposal of ______________________________ <br />(the "Purchaser"), to purchase the Bonds, in accordance with the Preliminary Official Statement <br />established for the Bonds, at the rates of interest hereinafter set forth, and to pay therefor the sum <br />of $__________, plus interest accrued to settlement, is hereby found, determined and declared to <br />be the most favorable proposal received, is hereby accepted and the Bonds are hereby awarded to <br />the Purchaser. The Finance Director is directed to retain the deposit of the Purchaser and to <br />forthwith return to the unsuccessful bidders their good faith checks or drafts. <br />2. Bond Terms. <br /> <br />(a)Original Issue Date; Denominations; Maturities; Term Bond Option. The Bonds <br />shall be dated June 18, 2015, as the date of original issue, be issued forthwith on or after such <br />date in fully registered form, be numbered from R-1 upward in the denomination of $5,000 each <br />or in any integral multiple thereof of a single maturity (the "Authorized Denominations"), and <br />shall mature on December 1 in the years and amounts as follows: <br />Year Amount Year Amount <br /> <br />2017 2027 <br />2018 2028 <br />2019 2029 <br />2020 2030 <br />2021 2031 <br />2022 2032 <br />2023 2033 <br />2024 2034 <br />2025 2035 <br />2026 <br /> <br />As may be requested by the Purchaser, one or more term Bonds may be issued having <br />mandatory sinking fund redemption and final maturity amounts conforming to the foregoing <br />principal repayment schedule, and corresponding additions may be made to the provisions of the <br />applicable Bond(s). <br /> <br />(b)Book Entry Only System. The Depository Trust Company, a limited purpose <br />trust company organized under the laws of the State of New York or any of its successors or its <br />successors to its functions hereunder (the "Depository") will act as securities depository for the <br />Bonds, and to this end: <br /> <br />(i)The Bonds shall be initially issued and, so long as they remain in book <br />entry form only (the "Book Entry Only Period"), shall at all times be in the form of a <br />separate single fully registered Bond for each maturity of the Bonds; and for purposes of <br />complying with this requirement under paragraphs 5 and 10 Authorized Denominations <br /> 2 <br />7096715v1 <br /> <br /> <br />