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<br />PRELIMINARY OFFICIAL STATEMENT DATED MAY to, ZG04
<br />
<br />NBwfSSuE
<br />IIANK-QuALJIIIED
<br />
<br />BooK-ENnlVONl,v
<br />MOODY's INVESl'ORS SOVlCl! RATING A2
<br />
<br />With respect '" the 12,200,000 General ObUga/lon lmprove_ Bondr. _ 21J04B. doJed June J. 2IJ04, (the "-'J iJ /8 the t1pinkm of knn<dy '"
<br />Gtm>eIr, CIrarlered. J10nd CoonseJ. - on pre&<mt jiu/eral and MbutouoIa Iaw6. re~ ru/ing;I and declalons. lit the time of their _ and
<br />de/hIory '" the original [1III'C/rMsr, _ on the Bonds /8 exclwJeJ fiVm __ """"'"' fiw purpo.ses 0/ United State. """"'"' taJC and /8 excluded. '" the
<br />-- mC<1flt{1fllingbothgrouand_lenet_fiw_o/StoIeofMbutouola_ tac(other thtmMmnnotafr_ tttxes-.d
<br />by - and imposed on COIpOr(1IIotrs andj/nmrcJoJ instihdJons). _ on the Bonds is not on It8m oftac~./Or _ of the aUemotive
<br />- talC impoMd on lndIviduoh and COIpOr(1IIotrs; however, 11tt.- on the Bonds is _ inlotJCCQUtI/fiw the pu1]JO<< of detenntnlng 0J/jusJedcun-ent
<br />etIt'IIItIgIsjor purpo.ses of COItf{fUIIng the jiu/eral altmrative minimum ttlX impoMd on COIpOr(1IIotrs. No opinion wt/J be __ by J10nd Counsel...gording
<br />other.",., or jiu/eral taJC.~anaed by lite 1'8&e/ptor_ of-on the _orQt'/sJng _ respect '" ownenhJp ofllte Bonds. &e "Ta<
<br />Ilxemption" herem./Or addttioIIoJ I1tfimnat/on.
<br />
<br />CITY OF CENTERVlLLE, MINNESOTA
<br />
<br />$2,200,000
<br />General Obligatiolllmprovement Bonds, Series 2004B
<br />
<br />Dated Date: Juoe t, 2004
<br />
<br />Interest Due: Eaeh February 1 aod August 1
<br />Commeoeing February t, 2005
<br />
<br />&wmt
<br />
<br />!JgJg
<br />
<br />MtllUritv
<br />
<br />rkki
<br />
<br />Price
<br />
<br />Amount lYJK Mmuritv Yield !J:ig,
<br />$140,000 02/01113
<br />150,000 02101114
<br />155,000 02101115
<br />160,000 02101116
<br />170,000 02101117
<br />175,000 02101/18
<br />185,000 02101/19
<br />195,000 02/01120
<br />
<br />$110,000
<br />120,000
<br />120,000
<br />125,000
<br />130,000
<br />130,000
<br />135,000
<br />
<br />02101106
<br />02101/07
<br />02/01108
<br />02/01/09
<br />02/01110
<br />02101111
<br />02/01112
<br />
<br />The Bonds of 1bis issue maturing on February t, 2012 and thereafter are subject to redemption, in whole or in part, on
<br />February 1, 1011, or any date thereafter, at a price of par plus accmed interest
<br />
<br />The Bonds are being issued pursuant to Minnesota StBtuIes,Chapters 429 and 475, as amended. Proceeds will be used to
<br />provide mcmey to finance public infrastructure improvemeots related to the City's 2004 Street and Utility Improvement Project
<br />See Authority and Purpose herein fur additional infonnatioo.
<br />
<br />Bonds will be registered io the name of Cede & Co., as nominee of The Depository Trust Company, New Yorl<, New York.
<br />Individual purchases will be made in book-entry form only, in the priocipal amount oU5,OOO or any whole multiple thereof.
<br />Purchasers will not receive physical delivery of Bonds. See "Book-Entry System" in Description o/Bonds herein for additional
<br />infunnatioo. Paying Agent/Regis1rar will be U.8. Bank. National Association, St. Paul, Minnesota.
<br />
<br />Proposals: Wednesday May 26, 200411:00 AM Central Time
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<br />Award: Wednesday May 26,2004 6:30 PM, Central Time
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<br />Proposals may contain a maturity schedule providing fur any combinatioo of seriaI or term bonds, All term bonds shall be
<br />subject 10 mandatory sinIdng fund redemption and must conform to the maturity schedule set forth above at a price of par plus
<br />accrued interest.
<br />
<br />Proposals must be fur not less than $2,161,500 and accmed interest 00 the total principal amount of the Bonds, and must be
<br />accompanied by a certified or cashier's check or a Financial Snrety Bond in the amount of $44,000, payable to the order of the
<br />District. Award of the Bonds will on the basis ofTroe Interest Cost (TIC).
<br />
<br />~ AAlvisorlO lbe Issuer:
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<br />NORTHLAND.SECURITIES
<br />
<br />45 Soutb .,.. Street
<br />Suite 2500
<br />Minneapolis, MN 55402
<br />800-851.2920
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