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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, 2025 are subject to redemption and prepayment at the option of the City <br />on February 1, 2024 and any date thereafter, at a price of par plus accrued interest. Redemption may be in <br />whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and principal <br />amounts within each maturity to be redeemed shall be determined by the City and if only part of the <br />Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall <br />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 />Eckberg Lammers, P.C., Bond Counsel. The legal opinion will be paid by the City and delivery will be <br />anywhere in the continental United States without cost to the successful bidder at DTC. <br />TYPE OF PROPOSAL <br />Proposals of not less than $2,160,965 (98.90%) and accrued interest on the principal sum of $2,185,000 <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 />Mike Ericson, City Administrator <br />City of Centerville <br />1880 Main Street <br />Centerville, Minnesota 55038 <br />