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<br />SUMMARY OF OFFERING
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<br />$780,000
<br />GENERAL OBLIGATION TEMPORARY IMPROVEMENT BONDS, SERIES 1004A
<br />(Book-Entry Only)
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<br />AMOUNT -
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<br />ISSUER -
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<br />SALE DATE -
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<br />OPENING -
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<br />AWARD-
<br />TYPE OF ISSUE -
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<br />SECURITY & PURPOSE -
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<br />DATE OF ISSUE -
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<br />INTEREST PAID -
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<br />DENOMINATIONS -
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<br />MATURITY -
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<br />REDEMPTION FEATURE -
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<br />BOOK-ENTRY -
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<br />$780,000.
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<br />City ofCenterville, Minnesota (The "City").
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<br />Wednesday, March 10,2004.
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<br />11 :00 A.M. Central Time, sealed bids submitted or faxed to Northland Securities, Inc.. 45 South Seventh Street, Suite
<br />2500, Minneapolis, Minnesota 55402, telephone: (612) 851-5900 or (800) 85J-2920 or electronically on PARlTYTM
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<br />6:30 P.M., Central Time, at the Centerville City Hall, ) 880 Main Street, Centerville, Minnesota 55038.9794.
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<br />General Obligation Temporary Improvement Bonds, Series 2004A (the "Bonds"). See Authority and Purpose and
<br />Estimated Source and Uses a/Funds herein for additional information.
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<br />The Bonds are being issued pursuant to Minnesota Statutes, Chapters 429 and 475, as amended. Proceeds. will be used to
<br />provide money to finance public infrastructure improvements related to the City's 2004 Street and Utility ImprovemerH
<br />Project. Bonds are payable primarily from special assessments against all benefited property. The full faith and credit of
<br />the City is pledged to their payment and the City has validly obligated itself to levy additional ad valorem taxes in the
<br />event of any deficiency in the Debt Service Account established for this issue. Taxes will be levied upon all of the taxable
<br />property within the City and without limitation of amount. See Authority and Purpose as well as Security and Estimated
<br />Source and Uses of Funds herein for additional information.
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<br />April I, 2004.
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<br />October 1,2004, and semiannually thereafter on Aprill and October 1 to registered owners appearing of record in the
<br />bond register as of the close of business on the fifteenth (l5~ day (whether or not a business day) of the immediately
<br />preceding month.
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<br />$5,000.
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<br />04101/07
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<br />$780,000
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<br />The City may eJect on April J, 2005, and on any day thereafter, to prepay Bonds. Redemption may be in whole or in part
<br />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
<br />are called for redemption, the City will notifY 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 to be redeemed and each participant will then
<br />select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus
<br />accrued interest.
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<br />Bonds wiIJ be issued as fully registered and, when issued, will be reg.istered in the name of Cede & Co., as nominee of
<br />The Depository Trust Company, New York, New York, .to which principal and interest payments will be made. Individual
<br />purchases win be made in book-entry form only, in the principal amount of $5,000 or any whole multiple thereof.
<br />Purchasers will not receive phys.ical delivery of Bonds.
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<br />METIlOD OF SALE -
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<br />PAYING AGENTIREGISTRAR - U.S. Bank National Association, St. Paul, Minnesota.
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<br />TAX DESIGNATlONS-
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<br />LEGAL OPINION -
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<br />RATING -
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<br />ESTIMATED CLOSING-
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<br />PRIMARY CONTACTS -
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<br />L__
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<br />Sealed or electronic proposals. Good faith deposit in the amount of $15,600 at a price of not less than $772,200 and
<br />accrued interest. See Official Terms of Bond Sale herein for additional infonnation.
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<br />NOT Private Activitv Bonds - These Bonds are not "private activity bonds" as defined in Section141 of the Internal
<br />Revenue Code of 1986, as amended (the Code).
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<br />Oualified Tax-Exemnt Ob1ieations - The City will designate these Bonds "qualified tax-exempt obligations" for purposes
<br />of Section 265(b )(3) of the Code.
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<br />Kennedy & Graven, Chartered, Minneapolis, Minnesota (the "Bond Counsel").
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<br />The City currently does not have a general obligation bond rating assigned by Moody's Corporation Services or Standard
<br />& Poor's Corporation. The City will not apply for a rating on this issue.
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<br />April 15, 2004.
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<br />Kim Moore-Sykes, Administrator, City ofCenterville, (651) 429-3232.
<br />Teresa Bender, Clerk., City ofCenterville, (6Sl}429-3232.
<br />George D. Eilertson, Vice President, Partner, Northland Securities. Inc. (612) 851-5900 or (800) 851.2920.
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