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<br />City of Centerville, Minnesota <br />$3,715,000 <br />Taxable General Obligation Improvement Bonds, Series 2009A <br /> <br />A) PURPOSE <br /> <br />The Bonds will be issued pursuant to Minnesota Statutes, Chapter 429 to finance the <br />2009 Street Improvements and the Peltier Lake Drive Street and Utility Improvements. <br /> <br />B) SALE RESULTS <br /> <br />~ Bonds purchased by Robert W. Baird & Co. (Milwaukee, WI) <br />~ True Interest Cost: 4.875% (3.203% adjusted for BAB credit) <br />~ 6 bids - all taxable/BAB with broad market response (Minneapolis, Milwaukee, <br />Memphis, Chicago, New York) <br /> <br />C) REVENUE SOURCES <br /> <br />The Bonds are structured with a IS-year term. The City expects to utilize the following <br />revenue sources to pay debt service on the Bonds: <br />· Special Assessment portion - the City will be assessing approximately 33% of the <br />principal amount of the bonds. The special assessments will be in the three <br />following categories: <br />1. Special assessments less than $2,000 (assessed over a 10-year term @ <br />5.50%), <br />2. Special assessments greater than $2,000 (assessed over a IS-year term @ <br />5.50%), and <br />3. Water supply assessments (assessed over a IS-year term @ 5.25%). <br />· Debt Service Tax Levy - the balance of the debt service will be paid for by a debt <br />service tax levy spread over all taxable property with the City. <br /> <br />D) ATTACHMENTS <br /> <br />1. Tabulation of Bids <br />2. Final Sources and Uses of Funds <br />3. Final Debt Service Schedule <br />4. Final Cash Flow Projections <br /> <br />NORTHLAND. SEe U RITIES <br />