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<br />BOOK-ENTRY SYSTEM: <br /> <br />DATE OF ORIGINAL ISSUE <br />OF BONDS: <br /> <br />pursuant to this Notice until 10:30 A.M. July 22, 2009, local <br />time, but no bid will be received after the time for receiving bids <br />specified above. To the extent any instructions or directions set <br />forth in PARITYTM, or its successor, conflict with this Notice, <br />the terms of this Notice shall control. For further information <br />about PARITyrM, or its successor, potential bidders may contact <br />Northland Securities, Inc. or i-deal@ at 1359 Broadway, 2nd <br />floor, New York, NY 10018, telephone (212) 849-5021. <br /> <br />Neither the City nor Northland Securities, Inc. assumes any <br />liability if there is a malfunction of P ARITYTM, or its successor. <br />All bidders are advised that each Proposal shall be deemed to <br />constitute a contract between the bidder and the City to purchase <br />the Bonds regardless of the manner in which the proposal is <br />submitted. <br /> <br />The Bonds will be issued by means of a book-entry system with <br />no physical distribution of bond Bonds made to the public. The <br />Bonds will be issued in fully registered form and one bond <br />certificate, representing the aggregate principal amount of the <br />Bonds maturing in each year, will be registered in the name of <br />Cede & Co. as nominee of Depository Trust Company ("DTC"), <br />New York, New York, which will act as securities depository of <br />the Bonds. <br /> <br />Individual purchases of the Bonds may be made in the principal <br />amount of $5,000 or any multiple thereof of a single maturity <br />through book entries made on the books and records of DTC and <br />its participants. Principal and interest are payable by the City <br />through Northland Trust Services, Inc., Minneapolis, Minnesota <br />(the "Paying AgentlRegistrar"), to DTC, or its nominee as <br />registered owner of the Bonds. Transfer of principal and interest <br />payments to participants of DTC will be the responsibility of <br />DTC; transfer of principal and interest payments to beneficial <br />owners by participants will be the responsibility of such <br />participants and other nominees of beneficial owners. The <br />successful proposal maker, as a condition of delivery of the <br />Bonds, will be required to deposit the bond certificates with <br />DTe. The City will pay reasonable and customary charges for <br />the services of the Paying AgentlRegistrar. <br /> <br />August 1,2009. <br />