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<br />TERMS OF PROPOSAL <br /> <br />$650,000 <br />General Obligation Improven1ent <br />Bonds of 2000 <br />City of Centerville <br />Anoka County, Minnesota <br /> <br />(BOOK ENTRY ONLY) <br /> <br />NOTICE IS HEREBY GIVEN sealed proposals for the purchase of the above bonds will <br />be received until 11 :00 o'clock A.M., C.T. on Wednesday, November 8, 2000, in the offices of <br />Jura11 & Moody, a Division of Miller, Johnson & Kuehn, Inc., St. Paul, Minnesota, at which time <br />the proposals will be opened and tabulated for consideration by the City Council at a 111eeting at <br />6:00 o'clock P.M. on the Sa111e day. The bonds are offered on the following terms. <br /> <br />Purpose and Security <br /> <br />The purpose of the bonds is to provide funds for t11e financing of assessable public <br />in1proven1ents 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 assessn1ents against benefited <br />properties. <br /> <br />Details of the Bonds <br /> <br />The bonds will be issued in fully registered fOr111, will be dated November 1, 2000, will <br />be in deno111inations of integral 111ultiples of $5,000 each and will 111ature on February 1, in the <br />years and an10unts as follows: <br /> <br />Year A1110unt Year A1110unt <br />2002 $175,000 2007 $10,000 <br />2003 175,000 2008 15,000 <br />2004 200,000 2009 15,000 <br />2005 10,000 2010 20,000 <br />2006 10,000 2011 20,000 <br /> <br />Proposals for the Bonds 111ay contain a 111aturity schedule providing for any c0111bination of serial <br />bonds and tern1 bonds, subject to 111andatory rede111ption, so long as the a1110unts of principal <br />Inaturing or subject to n1andatory reden1ption in each year conforms to the 111aturity schedule set <br />forth above. <br /> <br />Book Entry Systenl <br /> <br />The Bonds will be issued by 111eanS of a book entry systen1 with no physical distribution <br />of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, <br />representing the aggregate principal amount of the Bonds 111aturing in each year, will be <br />registered in the nalne of Cede & Co. as nOlninee of The Depository Trust Company ("DTC"), <br />New York, New York, which will act as securities depository of the Bonds. Individual <br />purchases of the Bonds may be ll1ade in the principal amount of $5,000 or any multiple thereof <br />SJB-187824v 1 <br />CE155-16 <br />