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<br />, <br />$ <br />1 <br /> <br />".1f. <br />~1 <br /> <br />I <br />I <br />I <br />t <br />I <br /> <br />'"^':><.'~> ~ - <br /> <br />~---~"" :-~S-,~;,;,:, '.:~7-:=::::'';';;~Ji,,~i:';;~;,;~, <br /> <br />Preliminary Official Statem~t: <br />(DlIled "-'-'- 16. 2002) ,'c'.' -":, <br />.........--. . :-> <br /> <br />.", <br />.~ <br /> <br />---- "e---c ---.-..-.1- <br />1 <br />:1 <br /> <br /> <br />City of Centerville, Minnesota <br />(Anoka County) <br /> <br />A- <br /> <br />,",: <br /> <br />$635,000 <br />General Obligation <br />Improvement Bonds of 2002 <br /> <br />Interest Payable: 8-1-03 and semiannually Ihcreaftcr Call OpIiDll: 24.07 @ 100 <br /> <br />REGISTRA TlONIBOOK ENTRY: This offering wiD be issued as fu1Iy registered Bonds and, when issued, will <br />be registered in the lIlIIIIe of Cede &:. Co., as nominee of The Depository Trust Company, New York, New York, to <br />which principal and interest payments on the Bonds wiD be made. Individual purchases will be made in book-entry <br />fann only, in the principal amount oUS,OOO or any whole multiple thereof. Purchasers of Boods will not receive <br />physical delivery of bond certificates. Please see "BookEntry Systemfl within "Description of Bondsfl herein for <br />additional information. <br /> <br />DATE, TIME and <br />PLACE of BID OPENING <br /> <br />DATE, TIME and <br />PLACE of A WARD <br /> <br />Wednesday, September 25, 2002 <br />11 :00 a.m., Central Time <br />Juran & Moody, a division of <br />Miller Johnson Steichen Kinnard <br />920 - 2nd Avenue South, Suite 1400 <br />Minneapolis, Minnesota 55402 <br /> <br />Wednesday, September 25, 2002 <br />6:30 p.m., Central Time <br />City Hall <br />1880 Main Street <br />Centerville, Minnesota 55038 <br /> <br />In the opinion of Kennedy & Graven, Chartered, Bond Cnunsel, based on present federal and Minnesota laws, regulations, <br />rulings and decisions, at the time of tbelr issuance and delivet)l to the original purchaser, interest on the bonds is excluded from <br />JI'OSS income for purposes nf United Slates income lax and is ""eluded, to the same extent in computing both gross income and <br />taxable net income for purposes ofStatc of Minnesota income lax (other thaIl Minnesota francbise laxes mOllSllml by income and <br />imposed on COlpo<ations and fiD8llCial institutions). Inleresl on the bonds is not an Item of lax preference for pwposes of the <br />alternative minimum lax imposed on individuals and corporations; however. in_ on the bonds is taken into occount in <br />delennining adjusted current earnings for purposes of computing the federal alternative minimum lax imposed on COI)IOIllIions. <br />No opinion will be expressed by Bond Counsel regarding other state or federal lax consequences C8IJSed by the receipt or accrual <br />ofinleresl on the bonds or III'ising with IespecI to ownership of the bonds. See "Tn Exemplionfl beIcin. <br /> <br /> <br />~ <br /> <br />A Division of Miller Iohnaon Steichen Kinnard <br /> <br /> <br />d <br />