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2002-09-25 CC Packet
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2002-09-25 CC Packet
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<br />1-- <br /> <br />$635,000 <br />GENERAL OBLIGATION IMPROVEMENT BONDS OF 2002 <br />CITY OF CENTERVILLE, MINNESOTA <br />(ANOKA COUNTY) <br /> <br />CUMULATIVE BOND YEARS AND WORKSHEET <br /> <br />(FEB. 1) CUMULATIVE <br />YEAR AMOUNT BOND YEARS BOND YEARS <br />2005 $55,000 128.333 128.333 <br />2006 55,000 183.333 3] 1.667 <br />2007 55,000 238.333 550.000 <br />2008 60,000 320.000 870.000 <br />2009 60,000 380.000 1,250.000 <br />2010 65,000 476.667 1,726.667 <br />201 I 70,000 583.333 2,310.000 <br />2012 70,000 653.333 2,963.333 <br />20]3 70,000 723.333 3,686.667 <br />2014 75,000 850.000 4,536.667 <br /> <br />AVERAGE MATURITY: 7.14436 years. <br /> <br />BONDS DATED: October 1, 2001 . <br /> <br />INTEREST PAYMENTS: August I, 2003, and semiannually thereafter on February] and August 1 <br />to registered owners of the Bonds appearing of record in the bond register <br />as of the close of business on the fifteenth (15th) day (whether or not a <br />business day) of the immediately preceding month. <br /> <br />REDEMPTION: The City may elect on February 1,2007, and on any day thereafter, to pre- <br />pay Bonds. Redemption may be in whole or in part and if in part at the <br />option of the City and in such manner as the City will determine. If less <br />than all Bonds of a maturity are called for redemption, the City will notify <br />DTC of the particular amount of such maturity to be prepaid. DTC will <br />determine by lot the amount of each participant's interest in such maturity <br />to be redeemed and each participant will then select by lot the beneficial <br />ownership interests in such maturity to be redeemed. Prepayments will be <br />at a price of par plus accrued interest. <br /> <br />PROPOSAL: Sealed proposals of not less than $626,110 and accrued interest. Good <br />faith check or a Financial Surety Bond for $12,700 must accompany the <br />proposal. <br /> <br />RATES: Each rate must be in integral multiples of 1/20th or 1/8th of 1%. No limi- <br />tation is placed upon the number of rates that may be used. <br /> <br />ESTIMATED CLOSING DATE: October 14, 2002. <br /> <br />-31- <br />
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