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BE IT RESOLVED By the City Council of the City of Centerville, Anoka County, <br /> Minnesota (City) as follows: <br /> Section 1. Sale of Bonds. <br /> 1.01. The proposal of (Purchaser) to <br /> purchase $650,000 General Obligation Improvement Bonds of 2000 (Bonds) of the City <br /> described in the Terms of Proposal thereof is hereby found and determined to be a reasonable <br /> offer and is hereby accepted, the proposal being to purchase the Bonds at a price of <br /> $ plus accrued interest to date of delivery, for Bonds bearing interest as follows: <br /> Year of Interest Year of Interest <br /> Maturity Rate Maturity Rate <br /> 2002 2007 <br /> 2003 2008 <br /> 2004 2009 <br /> 2005 2010 <br /> 2006 2011 <br /> True interest cost: <br /> 1.02. The sum of $ being the amount proposed by the Purchaser in excess <br /> of $640,250 will be credited to the Debt Service Fund hereinafter created. The City <br /> Administrator is directed to deposit the good faith check of the Purchaser, pending completion of <br /> the sale of the Bonds, and to return the good faith checks of the unsuccessful proposers <br /> forthwith. The Mayor and City Administrator are directed to execute a contract with the <br /> Purchaser on behalf of the City. <br /> 1.03. The City will forthwith issue and sell the Bonds pursuant to Minnesota Statutes, <br /> Chapter 429 (Act) in the total principal amount of $650,000, originally dated November 1, 2000, <br /> in the denomination of $5,000 each or any integral multiple thereof, numbered No. R -1, upward, <br /> bearing interest as above set forth, and maturing serially on February 1 in the years and amounts <br /> as follows: <br /> SJB- 185311v1 <br /> CE155 -16 <br />