2000-11-08 Packet - Laserfiche WebLink

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$650,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 2000 CITY OF CENTERVILLE, MINNESOTA (ANOKA COUNTY) CUMULATIVE BOND YEARS AND WORKSHEET (FEB. 1) CUMULATIVE YEAR AMOUNT BOND YEARS BOND YEARS 2002 $175,000 218.750 218.750 2003 175,000 393.750 612.500 2004 200,000 650.000 1,262.500 2005 10,000 42.500 1,305.000 2006 10,000 52.500 1,357.500 2007 10,000 62.500 1,420.000 2008 15,000 108.750 1,528.750 ` 2009 15,000 123.750 1,652.500 2010 20,000 185.000 1,837.500 2011 20,000 205.000 2,042.500 AVERAGE MATURITY: 3.14231 years. BONDS DATED: November 1, 2000. INTEREST PAYMENTS: February 1, 2001, and semiannually thereafter on August 1 and Feb - ruary 1 to registered owners of the Bonds appearing of record in the bond register as of the close of business on the fifteenth (15th) day (whether or not a business day) of the immediately preceding month. REDEMPTION: The City may elect on February 1, 2006, and on any day thereafter, to prepay Bonds. Redemption may be in whole or in part and if in part at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for re- demption, the City will notify DTC of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. PROPOSAL: Sealed proposals of not less than $640,250 and accrued interest. Good faith check or a Financial Surety Bond for $13,000 must ac- company the proposal. RATES: Each rate must be in integral multiples of 1 /20th or 1 /8th of 1 %. No limitation is placed upon the number of rates that may be used. ESTIMATED CLOSING DATE: November 29, 2000. -34-