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G NOTICE OF BOND SALE $4,475,000 CITY OF UNIVERSITY CITY, MISSOURI GENERAL OBLIGATION BONDS SERIES 1994 Sealed Bids. Sealed bids for the purchase of $4,475,000 principal amount of General Obligation Bonds, Series 1994 (the "Bonds"), of the City of University City, Missouri, herein described, will be received by the Finance Director on behalf of the City Council in the Purchasing Office, First Floor, City Hall, 6801 Delmar Boulevard, University City, Missouri 63130, until 2:30 P.M., Central Time, on MONDAY, JUNE 6, 1994 All bids will be publicly opened, read and evaluated at said time and place and the award of the Bonds will be acted upon by the City Council at a meeting to be held at 7:30 P.M., Central Time, on said date. Terms of the Bonds. The Bonds will consist of fully registered bonds in the denomination of $5,000 or any integral multiple thereof. The Bonds will be dated June 1, 1994, and will become due serially on January 15 in the years as follows: Principal Year Amount 1995 $340,000 1996 365,000 1997 390,000 1998 415,000 1999 435,000 2000 455,000 2001 480,000 2002 505,000 2003 530,000 2004 560,000 The Bonds will bear interest from the date thereof at rates to be determined when the Bonds are sold as hereinafter provided, which interest will be payable semiannually on January 15 and July 15 in each year, beginning on January 15, 1995. Place of Payment. The principal of each Bond will be payable at maturity or upon earlier redemption to the registered owner upon presentation and surrender of such Bond at the principal corporate trust office of Mark Twain Bank, St. Louis, Missouri, which has been designated as Paying Agent for the Bonds. Interest on each Bond will be paid to the Registered Owner of such Bond as shown on the Bond Register at the close of business on the Record Date for such interest (a) by check or draft mailed by the Paying Agent to the address of such Registered Owner shown on the Bond Register or (b) at such other address as is furnished to the Paying Agent in writing by such Registered Owner or (c) in the case of an interest payment to any Registered Owner of $500,000 or more in aggregate principal amount of Bonds, by wire transfer to such Registered Owner upon written notice given to the Paying Agent by such Registered Owner, not less than 15 days prior to the Record Date for such interest, containing the wire transfer address (which shall be in the continental United States) to which such Registered Owner wishes to have such wire directed.