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ADJUSTMENTS TO PRINCIPAL AMOUNT AFTER PROPOSALS <br /> The City reserves the right to increase or decrease the principal amount of the Bonds.Any such increase <br /> or decrease will be made in multiples of$5,000 and may be made in any maturity. If any maturity is <br /> adjusted, the purchase price will also be adjusted to maintain the same gross spread. Such adjustments <br /> shall be made promptly after the sale and prior to the award of Proposals by the City and shall be at the <br /> sole discretion of the City.The successful bidder may not withdraw or modify its Proposal once <br /> submitted to the City for any reason, including post-sale adjustment.Any adjustment shall be conclusive <br /> and shall be binding upon the successful bidder. <br /> OPTIONAL REDEMPTION <br /> Bonds maturing on February 1, 2020 through 2025 are subject to redemption and prepayment at the <br /> option of the City on February 1, 2019 and any date thereafter, at a price of par plus accrued interest. <br /> Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the <br /> maturities and principal amounts within each maturity to be redeemed shall be determined by the City and <br /> if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to <br /> be prepaid shall be chosen by lot by the Bond Registrar. <br /> CUSIP NUMBERS <br /> If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but <br /> neither the failure to print such numbers on any Bond nor any error with respect thereto shall constitute <br /> cause for a failure or refusal by the successful bidder thereof to accept delivery of and pay for the Bonds <br /> in accordance with terms of the purchase contract. The CUSIP Service Bureau charge for the assignment <br /> of CUSIP identification numbers shall be paid by the successful bidder. <br /> DELIVERY <br /> Delivery of the Bonds will be within forty days after award, subject to an approving legal opinion by <br /> Bradley&Deike, Chartered, Bond Counsel. The legal opinion will be paid by the City and delivery will <br /> be anywhere in the continental United States without cost to the successful bidder at DTC. <br /> TYPE OF PROPOSAL <br /> Proposals of not less than $1,374,710 (98.90%) and accrued interest on the principal sum of$1,390,000 <br /> must be filed with the undersigned prior to the time of sale. Proposals must be unconditional except as to <br /> legality.Proposals for the Bonds should be delivered to Northland Securities, Inc. and addressed to: <br /> Ellen Paulseth,Finance Director <br /> City of Centerville <br /> 1880 Main Street <br /> Centerville,Minnesota 5530 <br /> A good faith deposit (the "Deposit") in the amount of $27,800 in the form of a federal wire transfer <br /> (payable to the order of the City) is only required from the apparent winningbidder, and must be received <br /> within two hours after the time stated for the receipt of Proposals. The apparent winning bidder will <br /> receive notification of the wire instructions from the Municipal Advisor promptly after the sale. If the <br /> Deposit is not received from the apparent winning bidder in the time allotted, the City may choose to <br /> reject their Proposal and then proceed to offer the Bonds to the next lowest bidder based on the terms of <br /> their original proposal, so long as said bidder wires funds for the Deposit amount within two hours of said <br /> offer. <br />