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<br />NOTICE OF SALE
<br />
<br />*
<br />$2,475,000
<br />
<br />GENERAL OBLIGATION IMPROVEMENT CROSSOVER REFUNDING BONDS, SERIES 2009B
<br />
<br />CITY OF CENTERVILLE,
<br />(ANOKA COUNTY) MINNESOTA
<br />
<br />(Book-Entry Only)
<br />
<br />NOTICE IS HEREBY GNEN that these Bonds will be offered for sale according to the following terms:
<br />
<br />TIME AND PLACE:
<br />
<br />Proposals will be opened by the City's Administrator, or designee, on
<br />Wednesday, September 23, 2009 at 10:30 A.M., Central Time, at the
<br />offices of Northland Securities, Inc., 45 South 7th Street, Suite 2000,
<br />Minneapolis, Minnesota 55402. Consideration of the proposals for award
<br />of the sale will be by the City Council at its meeting at the City Offices
<br />beginning Wednesday, September 23, 2009 at 6:30 P.M.
<br />
<br />SUBMISSION OF PROPOSALS:
<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 and
<br />coupon rates may be submitted to Northland Securities, Inc. by telephone
<br />at (612) 851-5900, or
<br />d) submitted electronically.
<br />
<br />Notice is hereby given that electronic proposals will be received via
<br />PARITYTM, or its successor, in the manner described below, until 10:30
<br />A.M. September 23, 2009, local time. Bids may be submitted
<br />electronically via PARITYTM, or its successor, pursuant to this Notice
<br />until 10:30 A.M. September 23, 2009, local time, but no bid will be
<br />received after the time for receiving bids specified above. To the extent
<br />any instructions or directions set forth in P ARITYTM, or its successor,
<br />conflict with this Notice, the terms of this Notice shall control. For
<br />further information about PARITYTM, or its successor, potential bidders
<br />may contact 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 liability if
<br />there is a malfunction of PARITYTM, or its successor. All bidders are
<br />advised that each Proposal shall be deemed to constitute a contract
<br />between the bidder and the City to purchase the Bonds regardless of the
<br />manner in which the proposal is submitted.
<br />
<br />. The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or decrease will be made in
<br />multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be adjusted to maintain the
<br />same gross spread.
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