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2000-11-08 Packet
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2000-11-08 Packet
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'000z LZl 30 <br /> Preliminary Official Statement <br /> (Dated October 23, 2000) <br /> City of Centerville Minnesota <br /> (Anoka Cry) <br /> M <br /> $650,000 <br /> General Obligation <br /> Improvement Bonds of 2000 <br /> Interest Payable•. 2-1-01 and semiannually thereaaer Call Option: 24-06 @ 100 <br /> REGISTRATION/BOOK ENTRY: This offering will be issued as fully registered Bonds and, when isamd, will <br /> be registered in the name of Cede & Co., as nominee of The Depository Tract Company, New York, New York, to <br /> which principal and interest payments on the Bonds will be made. - Individual purchases will be made in book -entry <br /> form only, in the principal amount of $5,000 or any whole multiple thereof Purchasers of Bonds will not receive <br /> physical delivery of bond certificates. Please saes " Book -Entry Only System" herein for additional information. <br /> DATE, TIME and DATE, TIME and <br /> PLACE of BID OPENING PLACE of AWARD <br /> Wednesday, ovember 8 2000 Wednesday, November 8 <br /> y ednesdtry, , 2000 <br /> 11:00 a.m., Central Time 6:00 p.m., Central Time <br /> Juran & Moody, a division of City Hall <br /> Miller, Johnson & Kuehn, Incorporated 1880 Main Street <br /> 1100 Minnesota World Trade Center Centerville, Minnesota 55038 <br /> • St. Paul, Minnesota 55101 <br /> hi the opinion of Kennedy & Graven, Chartered, Band Counsel, based on present federal and Mnmesota laws, regulations, <br /> rulings and decisions, at the time of their issuance and delivery to the original purchaser, interest on Use bonds is excluded from <br /> gross income for purposes of United States income tax and is occluded, to the same extent in computing bot grog income and <br /> taxable net income for purposes of State of Min eaota income tax (other than Minnesota franchise taxes measue t by income and <br /> imposed on corporations and financial institution). Interest an the bonds is not an item of tax prefermee for;pmpoess of Use <br /> alternative minimum tax imposed on individuals and corporations; however, interest on the bonds is taken into account in <br /> determining ae(justed current earnings for purposes of courting the federal alternative minims tax imposed n earporatiaos. <br /> No opinion will be expressed by Bond Cassel regarding other state or federal tax consequances caused by the receipt or accrual <br /> of interest on the bonds or arising with respect to ownership of the bonds. See `Tor Exemption and Other Federal Tax <br /> Considerations" herein. <br /> th -00h <br /> R iga „, <br /> s <br /> Ll & MOODY main, JOHNSON & KUBHN, INCORPORATED <br /> IMVBSTMZNT SECVZITIn$ LrtNCS tats INVESTMENT SECURITIES <br />
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