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<br />TERMS OF PROPOSAL <br /> <br />$650,000 <br />General Obligation Improvement <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, October 25, 2000, in the offices of <br />Juran & 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 meeting at <br />6:00 o'clock P.M. on the same 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 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, 2000, 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 />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 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 />Book Entry System <br /> <br />The Bonds will be issued by means of a book entry system 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 maturing in each year, will be <br />registered in the name of Cede & Co. as nominee 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 made in the principal amount of $5,000 or any multiple thereof <br />of a single maturity through book entries made on the books and records of DTC and its <br />