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<br /> <br />NOTICE OF REDEMPTION <br />General Obligation Bonds, Series 2010A <br />Dated December 30, 2010 <br />City of Orono, Minnesota <br /> <br />NOTICE IS HEREBY GIVEN THAT there have been called for redemption and prepayment on November 15, <br />2021 outstanding Bonds of the above referenced issue, maturing in the following years on the following dates and <br />having the interest rates listed below: <br /> <br />Maturity Amount Rate CUSIP Number* <br />2/1/2022 $ 225,000 3.125% 687119 MQ7 <br />2/1/2023 235,000 3.500 687119 MR5 <br />2/1/2025 485,000 3.750 687119 MT1 <br />2/1/2026 260,000 3.750 687119 MU8 <br /> <br />The Bonds will be redeemed at a price of 100% of their principal amount plus accrued interest to the date of <br />redemption. Holders of the Bonds should present them for payment to Bond Trust Services Corporation, Roseville, <br />Minnesota, on or before said date, when they will cease to bear interest, in the following manner: <br />By Mail , Overnight Mail, or Courier Service, or In Person, By Hand: <br />Bond Trust Services Corporation <br />Attention: Bond Trust Services <br />3060 Centre Point Drive <br />Roseville, Minnesota 55113 <br />651-697-8500 <br /> <br />Important Notice: In compliance with the Economic Growth and Tax Relief Reconciliation Act of 2001, federal <br />backup withholding tax will be withheld at the applicable backup withholding rate in effect at the time the payment <br />by the redeeming institutions if they are not provided with your social security number or federal employer <br />identification number, properly certified. This requirement is fulfilled by submitting a W-9 Form, which may be <br />obtained at a bank or other financial institution. <br /> <br />The Registrar shall not be responsible for the selection of or use of the CUSIP numbers, nor is any representation <br />made as to its correctness indicated in this Notice of Redemption. It is included solely for the convenience of the <br />Holders. <br /> <br />Additional information may be obtained from the undersigned or from Ehlers & Associates, Inc., 3060 Centre Point <br />Drive, Roseville, Minnesota 55113-1105 (651-697-8500), financial advisor to the City. <br /> <br />Dated: ______________, 2021. <br /> <br />BY ORDER OF THE CITY COUNCIL <br />CITY OF ORONO, MINNESOTA <br /> <br />By s/ <br />City Finance Director <br />*Denotes full call of CUSIP. <br />