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<br />c <br /> <br />BOND ISSUE SUMMARY <br /> <br />$410,000 GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 1996 <br />CITY OF CENTERVILLE, MINNESOTA <br /> <br />BOND DETAILS <br /> <br />Date of Sale: <br /> <br />July 24, 1996 <br /> <br />Date of Bonds: <br /> <br />August I, 1996 <br /> <br />Principal Due: <br /> <br />February I, 1999 -.2008 <br /> <br />Interest Due: <br /> <br />February I, 1997 and semi-annually thereafter. <br /> <br />Principal and Interest Payments: <br /> <br />See Principal and Interest Payment Schedule in Section 2 of the Bond <br />Issue Summary. <br /> <br />~ Redemption: <br /> <br />Bonds maturing February I, 2005 and thereafter are subject to call <br />for prior redemption on February 1,2004 and any date thereafter at <br />par. <br /> <br />r' <br />'<:CC/ <br /> <br />Purchase Price: <br /> <br />$405,080.00 <br /> <br />TIC Interest Rate: <br /> <br />5.3886% <br /> <br />Arbitrage Yield Rate: <br /> <br />According to current U.S. Treasury regulations, the arbitrage interest <br />rate is computed to be 5.185797%. <br /> <br />Continuing Disclosure Type: <br /> <br />Exempt from Continuing Disclosure requirements. <br />I <br />Juran & Moody, Inc., in St. Paul, Minnesota. <br /> <br />Purchaser: <br /> <br />Registrar/Paying Agent: <br /> <br />First Trust National Association, St. Paul, Minnesota . <br /> <br />(" <br />'-" <br /> <br />Bond Counsel: <br /> <br />Kennedy & Graven, Chartered, in Minneapolis, Minnesota. <br /> <br />Financial Advisors: <br /> <br />Ehlers and Associates, Inc. <br />2950 Norwest Center <br />90 South Seventh Street <br />Minneapolis, MN 55402-4100 <br />Telephone (612) 339-8291 <br /> <br />N:\WPDATA\CENTERV1\BlSUM\96$410M.AUO\B1SUM. <br /> <br />---. <br />