$1,000,000 Economic Development Revenue Bonds Dayton-Hudson Corp

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issued, sold and delivered $1,000,000 aggregate principal amount of Economic Development Revenue Bonds (Dayton- Hudson Corporation Project) of the City (the "Bonds "). Any additional costs of the Project will be paid for by the Borrower. Section 4. Terms for the Bonds. The total principal amount of Bonds that may be issued is hereby expressly limited to $1,000,000 provided that Additional Bonds may be issued upon the terms and conditions and for the puroposes provided in the Indenture and in the Loan Agreement. The Bonds shall be issuable in coupon or fully registered form, shall bear interest until paid at the rate of 13 -1/4% per annum payable April 1 and October 1 of each year beginning on April 1, 1982, and shall mature on October 1, 1996. Each coupon Bond shall be dated October 1, 1981. Each fully registered Bond shall be dated as of the April 1 or October 1 next preceding its date of issue, or if issued on a April 1 or October 1 as of such date. Principal and interest and premium, if any, shall be payable at the principal office of the Trustee in Indianapolis, Indiana. The Bonds shall be executed and sealed, shall be in such form, shall have such redemption provisions, and shall be subject to such other terms and conditions as set forth in the Indenture. The Bonds and the interest thereon do not and shall never constitute an indebtedness of or a charge against the general credit or taxing power of the City, but are limited obligations of the City payable solely from revenues and other amounts derived from the Loan Agreement and shall be secured as provided in the Indenture. Forms of the Loan Agreement, the Indenture, the Bond Purchase Agreement and the Official Statement are before this meeting and are by this reference incorporated -3-