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<br />"I. 'I · J <br /> <br />EXHIBIT A <br /> <br />NOTICE OF BOND SALE <br />$615,000 <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS OF 1987 <br />CITY OF CENTERVILLE, <br />ANOKA COUNTY, MINNESOTA <br /> <br />NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the <br />above bonds will be considered at a regular meeting of the City <br />Council at 7:30 p.m. on Wednesday, June 24, 1987, at the City Hall in <br />Centervil1e, Minnesota. The Bonds are offered on the following terms. <br />The Bonds will be dated July 1, 1987, will bear interest payable <br />semiannually on each February 1 and August 1, commencing February 1, <br />1988, and will mature on February 1 in the years and amounts as <br />follows: <br /> <br />Year Amount Year Amount <br />- - <br />1989 $ 30,000 1997 $ 45,000 <br />1990 30,000 1998 45,000 <br />1991 30,000 1999 45,000 <br />1992 35,000 2000 4S,000 <br />1993 35,000 2001 50,000 <br />1994 40,000 2002 50,000 <br />1995 40,000 2003 50,000 <br />1996 45,000 <br /> <br />Tbe City may elect on February 1, 1999 or on any interest payment date <br />thereafter to redeem and prepay Bonds of this issue in whole or in <br />part, in inverse order of maturities and "by lot within maturities, <br />.maturing on or after February 1, 1998 at a price of 'par plus accrued <br />interest to date of redemption. <br /> <br />No rate of interest nor tbe Det effective interest rate of the issue <br />may exceed the maximum rate permitted by law. !idders must specify a <br />price of Dot less than $610,000 pl,!s accrued interest. A legal <br />opinion on the Bonds will be furnished by LeFevere, Lefler, Kennedy, <br />O'Brien & Drawz, a Professional Association, Minneapolis, Minnesota. <br />The proceeds of the bonds will be used to finance a portion of the <br />costs of various assessable public improvements in the City. <br /> <br />Bidders should be aware that the Official Statement to be distributed <br />for the Bonds may contain additional bidding terms and information <br />relative to the Bonds. In the event of a variance between statements <br />in this Notice of Bond Sale and the Official Statement the provisions <br />of the latter shall be those with which to comply. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />/S/ Tamara M. .Mill:-:z~Mil1er <br />City Clerk-Treasurer <br /> <br />Dated: May 27. 1987. <br />