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EXHIBIT C NOTICE OF REDEMPTION General Obligation Permanent Improvement Revolving Fund Bonds, Series 20008 Dated November 1, 2000 City of Elk River, Minnesota NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Elk River, Minnesota, there have been called for redemption and prepayment on February 1, 2006 the following outstanding bonds of the City designated as General Obligation Permanent Improvement Revolving Fund Bonds, Series 2000B, dated November 1, 2000: Maturitv Date Principal Amount Interest Rate CUSIP Number* February 1,2007 $85,000 4.700/0 287407 A75 February 1,2008 85,000 4.750/0 287407 A83 February 1,2009 85,000 4.800/0 287407 A91 February 1,2010 85,000 4.850/0 287407 825 February 1, 2011 85,000 4.950/0 287407 ZU7 February 1, 2012 85,000 5.000/0 287407 ZV5 February 1, 2013 85,000 5.100/0 287407 ZW3 February 1,2014 85,000 5.200/0 287407 ZX1 February 1, 2015 85,000 5.300/0 287407 ZY9 February 1, 2016 85,000 5.400/0 287407 ZZ6 The bonds are being called at a price of 1000/0 of their principal amount plus accrued interest to February 1, 2006, on which date they will cease to bear interest. Holders of such bonds hereby called for redemption should present their Bonds for payment to U.S. Bank National Association (formerly U.S. Bank Trust National Association) at the address below, on or before February 1, 2006. If bv Mail If bv Hand or Overniqht Mail U.S. Bank National Association Corporate Trust Department P.O. Box 64111 St. Paul, MN 55164-0111 U.S. Bank National Association U.S. Bank Trust Center Bond Drop Window, 1 st Floor 60 Livingston Avenue St. Paul, Minnesota, MN 55107 It is recommended that you mail your bonds registered or certified mail to guard against loss. Dated: December 5, 2005 BY ORDER OF THE CITY COUNCIL CITY OF ELK RIVER, MINNESOTA Is/ Important Notice: In compliance with the Economic Growth and Tax Relief Reconciliation Act of 2001, federal backup withholding tax will be withheld at the applicable backup withholding rate in effect at the time the payment by the redeeming institutions if they are not provided with your social security number or federal employer identification number, properly certified. This requirement is fulfilled by submitting a W-9 Form, which November be obtained at a bank or other financial institution. *Neither the City nor the Bond Registrar/Paying Agent shall be responsible for the selection of or use of the CUSIP number, and no representation is made as to its correctness indicated in the Notice of Redemption. CUSIP numbers are included solely for the convenience of the Holders. 05-128