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City of Centerville, Minnesota <br /> $1,390,000 General Obligation Improvement Refunding <br /> Bonds, Series 2015A <br /> Financing Overview: <br /> The City anticipates issuing bonds for the following purpose: <br /> 1. $1,390,000 General Obligation Improvement Refunding Bond. Pursuant to MN Statutes, <br /> Chapter 429, this bond will be issued to current refund the City's General Obligation <br /> Improvement Crossover Refunding Bonds, Series 2009B. <br /> Summary of Recommended Terms: <br /> Type of Sale Public Offering. <br /> Proposals Received Wednesday,December 10, 2014 @ 10:30 A.M. <br /> Council Consideration Wednesday,December 10,2014 @ 6:30 P.M. <br /> Repayment Term The Bonds will mature annually each February 1, 2016-2025. <br /> Interest will be payable August 1, 2015 and semiannually <br /> thereafter on February 1 and August 1. <br /> Security General Obligation pledge of the City, and special assessments <br /> against benefitted property. <br /> Prepayment Option February 1, 2019 and any date thereafter at a price of par plus <br /> accrued interest. <br /> Tax Status Bradley Deike—Edina, MN. <br /> Credit Enhancement We believe an underlying rating will be cost beneficial. The <br /> City's general obligation debt is currently rated "AA" by <br /> Standard &Poor's. <br /> Paying Agent Northland Trust Services,Inc.—Minneapolis,MN. <br /> Page 2 <br /> NORTHLAND 0SECURITIES <br />