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<br />City of Centerville, Minnesota <br />$2,430,000 <br />General Obligation Improvement Crossover Refunding Bonds, Series <br />2009B <br /> <br />A). PURPOSE <br /> <br />The Bonds will be issued to refund in advance of the March 1, 2010 call date the <br />$2,700,000 General Obligation Improvement Bonds, Series 2006A. <br /> <br />B). SALE RESULTS <br /> <br />~ Bond rating of "AA" assigned by Standard and Poor's (attached). <br />~ Bonds purchased by Wells Fargo Brokerage Services, LLC - Minneapolis, MN <br />~ True interest cost of 2.73%. <br /> <br />C). SAVINGS SUMMARY <br /> <br />~ Average interest rate 2006A Bonds <br />~ Average interest rate NEW 2009B Bonds <br /> <br />4.10% <br />2.81% <br /> <br />~ Final maturity 2006A Bonds <br />~ Final maturity NEW 2009B Bonds <br />~ Call Date NEW 2009B Bonds <br /> <br />2022 <br />2018 <br />February 1, 2015 <br /> <br />j.. Total Net Debt Service Reduction <br />~ Total Present Value Savings <br />~ Present Value Benefit % <br /> <br />$263,561 <br />$169,270 <br />6.43% <br /> <br />Page 2 <br /> <br />NORTHLAN D tSEC U RI T 1 ES <br />