2002-09-25 CC Packet - Laserfiche WebLink

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