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<br />NOTICE OF SALE <br /> <br />$3,715,000. <br /> <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2009A <br /> <br />CITY OF CENTERVILLE, <br />(ANOKA COUNTY) MINNESOTA <br /> <br />(Book-Entry Only) <br /> <br />NOTICE IS HEREBY GIVEN that these Bonds will be offered for sale according to the following tenns: <br /> <br />TIME AND PLACE: <br /> <br />Proposals will be opened by the City's Administrator, or <br />designee, on Wednesday, July 22, 2009 at 10:30 A.M., Central <br />Time, at the offices of Northland Securities, Inc., 45 South 7th <br />Street, Suite 2000, Minneapolis, Minnesota 55402. <br />Consideration of the proposals for award of the sale will be by <br />the City Council at its meeting at the City Offices beginning <br />Wednesday, July 22,2009 at 6:30 P.M. <br /> <br />SUBMISSION OF PROPOSALS: <br /> <br />Bidders may submit either a proposal specifYing interest rates for <br />the Bonds if issued as Tax-Exempt obligations (the "Tax-Exempt <br />Bonds"), or a proposal specifYing interest rates for Taxable <br />obligations (the "Taxable Bonds") which the City will elect to <br />designate as "qualified Build America Bonds - Direct Pay," or a <br />proposal for each option. Separate proposal forms and <br />P ARITYTM provisions are provided for the Tax-Exempt Bonds <br />option and the Taxable Bonds option. <br /> <br />Proposals may be: <br />a) submitted to the office of Northland Securities, Inc., <br />b) faxed to Northland Securities, Inc. at (612) 851-5917, <br />c) for proposals submitted prior to the sale, the final price <br />and coupon rates may be submitted to Northland Securities, Inc. <br />by telephone at (612) 851-5900, or <br />d) submitted electronically. <br /> <br />Notice is hereby given that electronic proposals will be received <br />via PARITYTM, or its successor, in the manner described below, <br />until 10:30 A.M. July 22, 2009, local time on Wednesday. Bids <br />may be submitted electronically via P ARITYTM, or its successor, <br /> <br />'" The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase Of decrease will be <br />made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be <br />adjusted to maintain the same gross spread. <br />