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City of Centerville, Minnesota <br /> $1,485,000 General Obligation Improvement Bonds, Series 2013A <br /> Financing Overview <br /> The City anticipates issuing bonds for the following purposes: <br /> 1. $1,485,000 General Obligation Improvement Bonds. Pursuant to MN Statutes, Chapter <br /> 429, these bonds will finance various street improvements within the City. Final Maturity <br /> will be on February 1, 2029. <br /> Summary of Recommended Terms: <br /> 1. Type of Sale Public Offering. <br /> 2. Proposals Received Wednesday, May 22, 2013 @ 10:30 A.M. <br /> 3. Council Consideration Wednesday, May 22, 2013 @ 6:30 P.M. <br /> 4. Repayment Term The Bonds will mature annually each February 1, <br /> 2016 -2029. Interest will be payable February 1, 2014 <br /> and semiannually thereafter on February 1 and <br /> August 1. <br /> 5. Security General Obligation pledge of the City, and special <br /> assessments. <br /> 6. Prepayment Option February 1, 2020 and any date thereafter at a price of <br /> par plus accrued interest. <br /> 7. Tax Status Bradley & Deike, P.A. - Minneapolis, MN <br /> 8. Credit Enhancement The City's general obligation debt is rated "AA" by <br /> Standard & Poor's Corporation. <br /> 9. Paying Agent Northland Trust Services, Inc. <br /> Page 2 <br /> NORTHLAND SECURITIES <br />