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<br />ADJUSTMENTS TO PRINCIPAL <br />AMOUNT AFTER PROPOSALS: <br /> <br />REDEMPTION: <br /> <br />CUSIP NUMBERS: <br /> <br />DELIVERY: <br /> <br />TYPE OF PROPOSAL: <br /> <br />The City reserves the right to increase or decrease the principal amount <br />of the Bonds. Any such increase or decrease will be made in multiples of <br />$5,000 and may be made in any maturity. If any maturity is adjusted, the <br />purchase price will also be adjusted to maintain the same gross spread. <br />Such adjustments shall be made promptly after the sale and prior to <br />award of bids by the City and shall be at the sole discretion of the City. <br /> <br />The successful bidder may not withdraw or modify its bid once <br />submitted to the City for any reason, including post certificate <br />adjustment. Any adjustment shall be conclusive and shall be binding <br />upon the successful bidder. <br /> <br />Bonds are subject to redemption and prepayment at the option of the City <br />on February 1,2015 (2016 through 2018 maturities), and on any date <br />thereafter at par. Redemption may be in whole or in part of the Bonds <br />subject to prepayment. If redemption is in part, the maturity and the <br />principal amounts within each maturity to be redeemed shall be <br />determined by the City and if only part of the Bonds having a common <br />maturity date are called for prepayment, the specific Bonds to be prepaid <br />shall be chosen by lot by the Registrar. <br /> <br />If the Bonds qualify for assignment of CUSIP numbers such numbers <br />will be printed on the Bonds, but neither the failure to print such numbers <br />on any Bond nor any error with respect thereto shall constitute cause for <br />a failure or refusal by the successful bidder thereof to accept delivery of <br />and pay for the Bonds in accordance with terms of the purchase contract. <br />The CUSIP Service Bureau charge for the assignment of CUSIP <br />identification numbers shall be paid by the successful bidder. <br /> <br />Within forty days after award subject to the approving legal opinion by <br />Bradley & Deike, PA, Bond Counsel. Legal opinion will be paid by the <br />City and delivery will be anywhere in the continental United States <br />without cost to the successful bidder at DTC. <br /> <br />Proposals of not less than $2,445,300 (98.8%) and accrued interest on the <br />principal sum of $2,475,000 must be filed with the undersigned prior to <br />the time of sale. Proposals must be unconditional except as to legality. <br />Proposals for the Bonds should be delivered to Northland Securities, Inc. <br />and addressed to; <br /> <br />Dallas Larson, Administrator <br />Centerville City Hall <br />1880 Main Street <br />Centerville, Minnesota 55038 <br />