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<br />The CItY ColJncil NovemDtr 14, 2007 <br />City of eontarvllle, MlnnNClta <br />FtE: $ 2.800,000 General Obllglllon Improvement Bonds, Ser1es2007A I <br />DATED: September 28, 2007 <br />For aU oUlOna orthe*~Jonds, In accotclsnce with the 0ffi;IaJ Tarma of OIferlnQ. WI wiD pay you <br />$ ~ ..os go t , J ''1~'''S~ . (not 1_ thin UL64~) plus accrued [nt8reat on the total prlnclplh)f$2,SOO,OOO to <br />the dati of deU'Isiy for fully registered Bcmas, provided that tIla aon I ear the fonDWlng Interest ratal: <br />Veer AmouIJ1 Rate Year Amount Rete Yellr Amount 8al& <br />2010 S 140,000 lip 'Ye 2015 5110.000 l% 2020 $ 215,000 l/UJ % <br />2011 $145,000 % 2018 S 171$,000 IJi 2021 · 22.0,000 f/2% <br />2012 $160,000 % 2017 $185,000 % 2022 $ 238.000 o/a <br />2013 $ 155,000 % 2,Q18 $195,000 % ~23 . 246,000 % <br />2.014 1Il1E15,OOO % 2019 $205,000 % <br />TIle BMdI mawre on a JUlIe 1 i1'l each of the yeal8 81!llndlcated abOlJa and Interest Is p;l~bl. June 1 and Daoombst 1 in eal:h year, <br />commencing June 1, 2008. <br />Accon:tiI19 tg our PQmputatlQM (tha correct complJtation being IXIntrolllng in tnl award) the tQlal net I~ t:Q&t~fjn9 above. bid Is S <br />to a,rr ~ D t ~ ~ and th8 Mrage nat effective Interest rate 's ~~ '-l::r %,")t, <br />W. enclose our good faith depasitOf guarent.. by flOallGii:ll Surety Bond In the amount' 50.S0p.DO. to be held by you pending <br />delIVery and payment. If our bid is not ~ptecf, said deposit shIll be ~ retumEld (0 U5. Thls bId Is ror pn:lmpt 8CQIptal1Q8 .nd Is <br />conditional upon dellvery gf said Bonds to us or to I!ll\lmed r Istrw wlthin 40 -days from datA htrtot', or thereafter at ol)r optlon. <br />In CQnjuncllon with ma~ng thIs offer. we h received a. d the Omelal Ststement, accept Its te11T1S and eond"JtIons, and heva <br />submitted 01lr requsalS for additiGnallnfo ~on or co OM 10 e 0tII0\a1 Statement A$ Syndicate Manager, we agree to provide <br />thG lMuer with the reofterlng price ~ ndJ within OtIfS tJ'It bid 8cce~nC8, / <br />Aecount Manager: - ~'71 . I ~... <br />By. <br />Telephcme No. <br />Fax No. <br /> <br /> <br />The faregclng offer Is hereby aoeepted by and on behalf gf the City OQuncll of the City of Centarvllle. M1Mesota thB <br />da~ ot Novam~r, 2007, - <br />By <br /> <br />MayQf' <br /> <br />Atteat: <br /> <br />rer"a Bentter <br />CitY Clerk 1~51-429-323a Phone Number 1-6$10429-8829 Fax <br />Good felth deposlt receIVed (for retum to bidder) <br /> <br />3\ 2 - ~ &\- ""to::>'7 <br /> <br />CITY OF CENTERVlLLIi <br /> <br />. <br />JOHN W. MEVER <br /> <br />PAraE 18 of 19 <br />