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<br />CITY OF CENTERVlLLE, MINNESOTA <br />GENERAL OBLIGATION DEBT <br />(As of M".1' 3, 2004, Phis This IsslU) <br /> <br />(I) TIoa<_=papobk_lyfroo<""_ofthe-'dpa1_oJJliJy_andoddit1ono11y"""""'byod_.....~oll"""""" <br />property within the CltylUll/witItord /imitation ofl6MClllt. <br /> <br />(1) 17Ie8e bortdr are payahk primarl/y /1'OfIf net re-.. of /he lIIIIIddpal.rewer aNI WQter utility systems and additioIfOIJy 2CIITf!tl by ad 'RJloreM taxe8 on olI <br />tambk property widrln /he City oM wltItofIt /tJn#ation of llIIIOIlIfL <br /> <br />(3) 71we iKmdf ~ ptZJItlbk primoriJy fro-. speciD/ aueuIIIe1IU against all benejittedproperty 0Ifd addItionul/y &l!ICIITeti by ad~ taxes on a//ttaohk <br />pn:1PerlywiJJWr the City andwlthout limitation of~ <br /> <br />(4) AIatIIrltiaofthese bonds ro 2005 tIrrouglr 2006. Ittelu.Jlveand(d) ZOO7 dumlgIr 2009, indwive, Gremldedtolffflltdatoryrede1nptitmon <br />FebnIaty 1 of their ~ yeon. <br /> <br />-27- <br />