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<br />TERMS OF OFFERING <br /> <br />$990,000 <br />General Obligation Improvement <br />Bonds of 200 1 <br />City of Centerville <br />Nicollet County, Minnesota <br /> <br />(BOOK ENTRY ONLY) <br /> <br />NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the above bonds will <br />be received until 11 :00 o'clock A.M., C. T. on Wednesday, October 24, 2001, in the offices of <br />Juran & Moody, a division of Miller Johnson Steichen Kinnard Investment Securities Inc. in St. <br />Paul, Minnesota, at which time the bids will be opened and tabulated for consideration by the <br />City Council at a meeting at 6:30 o'clock P.M. on the same day. The bonds are offered on the <br />following terms. <br /> <br />Purpose and Security <br /> <br />The purpose of the bonds is to provide funds for the financing of assessable public <br />improvements in the City. The bonds will be general obligations of the City, for which its full <br />faith, credit and taxing powers are pledged together with special assessments against benefited <br />properties. <br /> <br />Details of the Bonds <br /> <br />The bonds will be issued in fully registered form, will be dated November 1, 2001, will <br />be in denominations of integral multiples of $5,000 each and will mature on February 1, in the <br />years and amounts as follows: <br /> <br />Year Amount Year Amount <br />2004 $75,000 2009 $100,000 <br />2005 80,000 2010 105,000 <br />2006 85,000 2011 115,000 <br />2007 90,000 2012 120,000 <br />2008 95,000 2013 125,000 <br /> <br />Bids for the Bonds may contain a maturity schedule providing for any combination of serial <br />bonds and term bonds, subject to mandatory redemption, so long as the amounts of principal <br />maturing or subject to mandatory redemption in each year conforms to the maturity schedule set <br />forth above. <br /> <br />SJB-203936vl <br />CE155-17 <br />