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<br />I <br /> <br />NOV-14-2087 12:26 <br /> <br />UBB SEaJRITIES <br /> <br />952 886 9533 <br /> <br />P.81/81 <br /> <br />- <br /> <br />-, . <br /> <br />liD FORM <br /> <br />- <br /> <br />The City Council '. _ <br />CIty of centervlBe. M1nI)8&Ota. . _.- <br />RE: $ 2,BOD.OOO Geneial Obllg8tlOn Improvement Bonds. Series 2007A <br />DATED: September 28. 2007 <br />For all or .DQne afthe B Bonds. In accordance with the OIIicial Tenns of OfI8Jing. we will pay you <br />. .- ~. 5 I (not less than 12.549.500) plus accrued Interest on the total principal of $2,600.000 to <br />. ttJe te of de rt fOr fully registered onds, provided that the Bonds bear the following Infete.St rates: . ... . <br />Vear Amount Rate Year Amount Rate Vear Amount Rate <br />2010 ! 140,000 3. ~S % 2015 '170,000 ~% 2020 )215.000 '1.05' % <br />~~ S~=:= ~~ :~; :~~g:= ~~ ~J $~~:= y~~~ <br /> <br />2013 '155,000 ~% 2018 $195.000 ~;11 % 2023 $ 245.000 % <br />2014 $165,000 .3 _/'b% 2019 $ 205.000 ~ _ % <br /> <br />November 14, 200~ <br /> <br />-- <br /> <br />-- <br /> <br />- <br /> <br />.... <br /> <br />- <br /> <br />..... <br /> <br />-- <br /> <br />- <br /> <br />... <br /> <br />.... <br /> <br />The Bonds mature on a June 11n each oftha years as Indicated above and Int...t is payable June 1 and December 1ln each year. <br />commencing June 1. 2008. <br />According to our computations (the correet compuIation being controlllng In rhe award) the tcraJ net Interut c;ost of theJbow bid is . <br />l , 039, \ c... "i!. r 81 and the aVlrage net effective Interest rate Is ~ ,1 z.. V I ~ %0. <br />We enGlose our good faith deposit or guarantee by Financial SUrety Bond In the amount S 50.500.00. to be held by you peneling <br />d,llvvry and payment. If our bid Is no{ accepted, eald deposit shaD be promptly retumad to uti 'I11fs bid Is tor prompt ac:oeptance and <br />Is condItIoI.'&I upon cfelivety of said Bonds to us or to a named reglstmr within 40 days from date hereof, or thereafter at our option. <br />In conJunctlon wiIb making this offer. we have ~ and reviewed the Official Statement. accept Its terms and ooncIltlcnI. and have <br />submitted our I'8quest8 far addltlonallnformatfon or corrections to the Offidal StatemenL M Syndicate Manager, we agree to.provfde <br />the Issuerwlfh the nIOffering price of the Bonda within 24 hours of the bid accep~nce. <br />~Manoger. (~M~~f1 <br /> <br />Telephone No. ?.s-'2 . ~8~'9- 'i 8 7 <br />Fax No. 9~Q-~k-- 7~83 <br /> <br />... <br /> <br />... <br /> <br />... <br /> <br />... <br /> <br />.... <br /> <br />I <br />..... 1 <br /> <br />..... <br /> <br />... <br /> <br />! <br />..... i <br /> <br />"" <br /> <br />""I <br />, <br />...1 <br />I <br /> <br />The foregoing offer is hereby accepted by and on behalf of the CIty CounoD of the CIty Of CentervUle. Minnesota the <br />. day of November, 2007. <br /> <br />... <br /> <br />..., <br />1 <br /> <br />By <br /> <br />Mayor <br /> <br />Attest: <br /> <br />.. <br /> <br />Teresa Bender <br />~ Clerk 1-651-429-3232 Phone Number 1-661-429-8629 flax <br />Good faith depoalt rec:eNed (for "'turn to bidder) <br /> <br />... <br /> <br />'.. <br /> <br />., <br />If <br />--"I:."'~" <br /> <br />". <br /> <br />... <br /> <br />'. <br /> <br />crrvOFOENTERVlLLE <br /> <br />JOHN W. MEYER <br /> <br />PAGE 18 of 19 <br /> <br />TOTAL P.01 <br />