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TERMS OF PROPOSAL <br /> 3650,000 <br /> General Obligation Improvement <br /> Bonds of 2000 <br /> City of Centerville <br /> Anoka County, Minnesota <br /> (BOOK ENTRY ONLY) <br /> NOTICE IS HEREBY GIVEN sealed proposals for the purchase of the above bonds will <br /> be received until 11 :00 o'clock A.M., C.T. on Wednesday, November 8, 2000, in the offices of <br /> Juran & Moody, a Division of Miller, Johnson & Kuehn, Inc., St. Paul, Minnesota, at which time <br /> the proposals will be opened and tabulated for consideration by the City Council at a meeting at <br /> 6:00 o'clock P.M. on the same day. The bonds are offered on the following terms. <br /> Purpose and Security <br /> The purpose of the bonds is to provide funds for the financing of assessable public <br /> improvements in the City. The bonds will be general obligations of the City, for which its full <br /> faith, credit and taxing powers are pledged together with special assessments against benefited <br /> properties. <br /> Details of the Bonds <br /> The bonds will be issued in fully registered form, will be dated November 1, 2000, will <br /> be in denominations of integral multiples of $5,000 each and will mature on February 1, in the <br /> years and amounts as follows: <br /> Year Amount Year Amount <br /> 2002 $175,000 2007 310,000 <br /> 2003 175,000 2008 15,000 <br /> 2004 200,000 2009 15,000 <br /> • <br /> 2005 10,000 2010 20,000 <br /> 2006 10,000 2011 20,000 <br /> Proposals for the Bonds may contain a maturity schedule providing for any combination of serial <br /> bonds and term bonds, subject to mandatory redemption, so long as the amounts of principal <br /> maturing or subject to mandatory redemption in each year conforms to the maturity schedule set <br /> forth above. <br /> Book Entry System <br /> The Bonds will be issued by means of a book entry system with no physical distribution <br /> of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, <br /> representing the aggregate principal amount of the Bonds maturing in each year, will be <br /> registered in the name of Cede & Co. as nominee of The Depository Trust Company ( "DTC "), <br /> New York, New York, which will act as securities depository of the Bonds. Individual <br /> purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof <br /> 8iB- 187824v1 <br /> CE15546 <br /> - 5 - <br />