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NOTICE OF SALE
<br /> $1,510,000*
<br /> GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2013A
<br /> CITY OF CENTERVILLE, MINNESOTA
<br /> (Book -Entry Only)
<br /> NOTICE IS HEREBY GIVEN that these Bonds will be offered for sale according to the following terms:
<br /> TIME AND PLACE:
<br /> Proposals will be opened by the City's Administrator, or designee, on Wednesday, May 22, 2013, at 10:30 AM
<br /> Central Time, at the offices of Northland Securities, Inc., 45 South 7th Street, Suite 2000, Minneapolis, Minnesota
<br /> 55402. Consideration of the Proposals for award of the sale will be by the City Council at its meeting at the City
<br /> Offices beginning Wednesday, May 22, 2013 at 6:30 PM Central Time.
<br /> SUBMISSION OF PROPOSALS
<br /> Proposals may be:
<br /> a) submitted to the office of Northland Securities, Inc.;
<br /> b) faxed to Northland Securities, Inc. at 612 - 851 -5918;
<br /> c) for proposals submitted prior to the sale, the final price and coupon rates may be submitted to Northland
<br /> Securities, Inc. by telephone at 612 - 851 -5900 or 612 - 851 -5915; or
<br /> d) submitted electronically.
<br /> Notice is hereby given that electronic proposals will be received via PARITY or its successor, in the manner
<br /> described below, until 10:30 AM, Central Time, on Wednesday, May 22, 2013. Proposals may be submitted
<br /> electronically via PARITY or its successor, pursuant to this Notice until 10:30 AM, Central Time, but no
<br /> Proposal will be received after the time for receiving Proposals specified above. To the extent any instructions or
<br /> directions set forth in PARITY or its successor, conflict with this Notice, the terms of this Notice shall control.
<br /> For further information about PARITY or its successor, potential bidders may contact Northland Securities, Inc.
<br /> or i -Deal at 1359 Broadway, 2 ❑d floor, New York, NY 10018, telephone 212 - 849 -5021.
<br /> Neither the City nor Northland Securities, Inc. assumes any liability if there is a malfunction of PARITY' or its
<br /> successor. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder
<br /> and the City to purchase the Bonds regardless of the manner in which the Proposal is submitted.
<br /> BOOK -ENTRY SYSTEM
<br /> The Bonds will be issued by means of a book -entry system with no physical distribution of bond certificates made
<br /> to the public. The Bonds will be issued in fully registered form and one bond certificate, representing the
<br /> aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co. as
<br /> nominee of Depository Trust Company ( "DTC "), New York, New York, which will act as securities depository of
<br /> the Bonds.
<br /> Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a
<br /> single maturity through book entries made on the books and records of DTC and its participants. Principal and
<br /> interest are payable by the City through Northland Trust Services, Inc., Minneapolis, Minnesota (the "Paying
<br /> Agent/Registrar "), to DTC, or its nominee as registered owner of the Bonds. Transfer of principal and interest
<br /> payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to
<br /> * The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or decrease will be made in
<br /> multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be adjusted to maintain the
<br /> same gross spread.
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