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<br />{:Ud b~Q J <br /> <br />BID FORM <br /> <br />The City Council <br />City of Centerville, Minnesota <br /> <br />August 9,2006 <br /> <br />RE: <br />DATED: <br /> <br />$ 2,700,000 General Obligation Improvement Bonds, Series 2006A <br />September 1, 2006 <br /> <br />For all or none of the above Bonds, in accordance with the Official Terms of Offering, we will pay you <br />$ , (not less than $ 2,647,500) plus accrued interest on the total principal of $2,700,000 to <br />the date of delivery for fully registered Bonds, provided that the Bonds bear the following interest rates: <br /> <br />Year Amount Rate Year Amount Rate Year Amount Rate <br />2009 $ 135,000 % 2014 $ 175,000 % 2019 $ 220,000 % <br />2010 $ 145,000 % 2015 $ 185,000 % 2020 $ 235,000 % <br />2011 $ 150,000 % 2016 $ 195,000 % 2021 $ 250,000 % <br />2012 $ 160,000 % 2017 $ 205,000 % 2022 $ 260,000 % <br />2013 $170,000 % 2018 $ 215,000 % <br /> <br />The Bonds mature on March 1 in each of the years as indicated above and interest is payable March 1 and September 1 in each year, <br />commencing March 1, 2007. <br /> <br />According to our computations (the correct computation being controlling in the award) the total net interest cost of the above bid is $ <br />and the average net effective interest rate is %. <br /> <br />We enclose our good faith deposit or guarantee by Financial Surety Bond in the amount $ 52,500.00, to be held by you pending <br />delivery and payment. If our bid is not accepted, said deposit shall be promptly returned to us. This bid is for prompt acceptance and is <br />conditional upon delivery of said Bonds to us or to a named registrar within 40 days from date hereof, or thereafter at our option. <br /> <br />In conjunction with making this offer, we have received and reviewed the Official Statement, accept its terms and conditions, and have <br />submitted our requests for additional information or corrections to the Official Statement. As Syndicate Manager, we agree to provide <br />the issuer with the reoffering price of the Bonds within 24 hours of the bid acceptance. <br /> <br />By: <br /> <br />UMR Rnnk,n.i'l <br />Kristin Koziol <br /> <br />Account Manager: <br /> <br />Fax No. <br /> <br />(816)860-7223 <br />(816)843-4325 <br /> <br />~1\~c? <br /> <br />Telephone No. <br /> <br />The foregoing offer is hereby accepted by and on behalf of the City Council of the City of Centerville, Minnesota the <br />day of August 2006. <br /> <br />By <br /> <br />Mayor <br /> <br />Attest: <br /> <br />Teresa Bender <br />City Clerk 1-651-429-3232 Phone Number 1-651-429-8629 Fax <br /> <br />Good faith deposit received (for return to bidder) <br /> <br />CITY OF CENTERVILLE <br /> <br />JOHN W. MEYER <br /> <br />PAGE 19 of 20 <br />