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Home My WebLink About2004-08-11 Hand Outs , Centennial School District No. 12 District Profile 4: ~ Area Served: Portion of Southeast Blaine, All of Lexington, Circle Pines, Centerville, and approximately 2/3 ofLino Lakes Student Population 37,000 7,000 1990 = 220 2000 = 398 1995 = 320 2004 = 509 Resident Population: Class Trends - Seniors: Schools: SCHOOL ENROLLMENT Blue Heron Elementary 660 Centennial Elementary 542 Centerville Elementary 575 Golden Lake Elementary 423 Rice Lake Elementary 853 Centennial Middle School 1755 Centennial High School 2100 ECFE/ECSE varies Centennial Area Learning Center (CALC) 92 Centennial Adult Continuing Education varies 2003-04 Student Accomplishments: /3 National Merit Scholarship Winners / Senior High Mock Trial Team- 5th Place State Tournament ./ Middle School Future Problem Solving Team - 4th Place State Meet / Boys Hockey State Champions ./ 11 Conference Champion Teams / Numerous individual awards - (i.e. Minnesota Mr. Hockey, Herb Brooks Award, Academic All State) July 2004 Example of Student Achievement Results: l . Percent Passing Grade 8 Minnesota Basic Skills Test School District Centennial Forest Lake Mounds View S rin Lake Park White Bear Lake Readin 2004 88.64 84.51 88.07 83.48 83.26 Current and Future Challen es: 1. Attracting and retaining high quality staff 2. Meeting the needs of a student population becoming more diverse and demonstrating more at-risk characteristics 3. Maintaining and updating curriculum related to state standards 4. Implementing expanded federal/state testing program. 5. Maintaining and updating technology 6. Receiving sufficient financial resources to meet expenses Many learners 'W'ith one goal: Excellence , I. ...... ... ., Math 2004 82.34 72.38 82.12 69.28 71.45 July 2004 , " '" , , ' , ' , " , , ", COMPARABLE MINNESOTASCHOOL "," , , ,.' '-c., ;',.-':; ."' _.' . " DISTRICtS BASED ON STUDENT ENROLLMENT, ~ - ~, {. " -I.... . " - - { . ~ .' .... j ,'_,. I _.e' . ' " " , 2002-03 District Enrollment Mounds View 11,323 White Bear Lake 9063 Hopkins 8489 Chaska 8117 Forest Lake 7797 Minnetonka 7652 Edina 7164 Centennial 7002 Roseville St. Francis Farmington W St Paul Shakopee St Louis Park Richfield Spring Lake Park 6541 5874 5247 4841 4818 4371 4338 4335 2;:Jjit.~'~F' '~.. l' . ., ~-- -- (tI June 30, 2004 Source ofInformation: Office of State Auditor - Financial Trends of Minnesota School Districts (February 25, 2004) District BASE State Aid Per Pupil Categorical State Aid PPU Local Operating Levy TOTAL St Louis Park $4601 $329 $1412 $6342 Hopkins $4601 $282 $1294 $6177 Minnetonka $4601 $185 $1393 $6176 Roseville $4601 $349 $1176 $6126 Richfield $4601 $633 $856 $6090 Edina $4601 $182 $1237 $6020 Spring Lake Park $4601 $489 $809 $5899 Mounds View $4601 $406 $858 $5865 W St Paul $4601 $326 $848 $5775 Chaska $4601 $368 $775 $5744 Shakopee $4601 $584 $554 $5739 White Bear Lake $4601 $275 $787 $5663 Forest Lake $4601 $347 $680 $5638 St. Francis $4601 $412 $405 $5418 Farmington $4601 $281 $180 $5062 July 1,2004 'x, ~ ~' Source ofInformation: MN Department of Education Website , REGULAR INSTRUCTION EXPENSE COMPARISON District Instructional Expense Per Pupil 21 13 " I $4467 Hopkins $4410 Roseville $4224 Edina $4058 Minnetonka $3813 W St Paul $3807 Chaska $3712 White Bear Lake $3596 Richfield $3567 Spring Lake Park $3360 Forest Lake $3343 Shakopee $3261 St Louis Park ~.... ~ ....~\v. ',,-,""<II .-~ ~ ~ ~ -.J J. ...., , '-._-./-,~ .-1r--1 , i i .......-:w -~_. Centennial $3239 Mounds View St Francis Farmington $3140 $3009 $2940 June 30, 2004 Source oflnfonnation: Metro ECSU Annual Finance Study 2002-03 ADMINISTRATION & ADMINISTRATION SUPPORT STAFF COMPARISON , II I Minnetonka $1268 Hopkins $882 Roseville $790 Chaska $706 St. Louis Park $674 Edina $672 Richfield $636 Farmington $631 White Bear Lake $554 W St Paul $530 St Francis $522 Mounds View $514 Forest Lake $448 Shakopee $436 Spring Lake Park $433 Centennial 410 r l r June 30, 2004 Source oflnformation: Metro ECSU Annual Finance Study 2002-03 NUMBER OF STUDENTS GRADES 1-5 WITHIN CURRENT 03/04 AND PROPOSED 04/05 WALK AREAS School Current Walk 04/05 Walk Difference Area Area Blue Heron Elementary 55 122 67 Centennial Elementary 204 266 62 Centerville Elementary 13 26 13 Golden Lake Elementary 47 83 36 Rice Lake Elementary 234 298 64 Middle School 69 125 56 High School 250 377 127 TOTALS 872 1297 425 \transportation\proposed walk areas 04 4/29/04 C) z o Z ::J lI. ~ W ...J C) Z ~ 0:: W ll. o <( w 0:: <( o 0:: I- W ~ ----.-.-. 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SERVo Paid Chk# 019463 MULTICAREASSOCIATES BMC Paid Chk# 019464 NATIONWIDE RETIREMENT Paid Chk# 019465 NORTHLAND SECURITIES Paid Chk# 019466 PUBLIC EMPLOYEES Paid Chk# 019467 QWEST Paid Chk# 019468 RADIOSHACK CREDIT Paid Chk# 019469 SAM'S CLUB Paid Chk# 019470 W. W. GRAINGER, INC. Paid Chk# 019471 XCEL ENERGY Check Dale AUGUST 2004 Check Ami 8/11/2004 8/11/2004 8/11/2004 8/11/2004 8/11/2004 8/11/2004 8/1112004 8/11/2004 8/1112004 8/11/2004 8/11/2004 8/11/2004 8/1112004 8/11/2004 8/1112004 8/11/2004 8/11/2004 T olal Checks $29.50 CLAY ALCOCK - ABSTRCT FILING F $556.00 DEF COMP W/H 8-12-04 $7,914.85 CIVIL MATTERS -SERVTHRU 7-31- $134.91 ASPHALT MIX $55.22 WATER RENTAL $1,023.65 CHEMICALS $3,848.05 2.2 MIL GENERAL OBL. IMPR. BO $10,117.00 SERV THRU SEPT 2004 $136.00 A. ANDERSON PRE-EMPLOYMENT EX $198.52 DEF COMP W/H 8-12-04 $803.41 SERVICES FOR G.O. IMP 2004B BO $1,571.08 PAYROLLW/H8-12-04 $112.75 651-407-7090 SERV THRUB-31-04 $15.96 SUPPLIES $173.19 CANDY FOR 2004 PARADE FETE DES $47.82 HARD CAP, WHITE $1,590.25 1694 SOREL ST - SERV THRU 8-1- $28,328.16 "terviffe 'Esta6[isfiec{ 1857 1880 Main Street _ Centervi(re, :JI,{;]{ 55038 (651) 429.3232 _ 'Ja;r. (651) 429-8629 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF CENTERVILLE RESOLUTION #04 - 040 A RESOLUTION APPOINTING ELECTIONS JUDGES FOR THE UPCOMING PRIMARY & GENERAL ELECTIONS (September 14, 2004 & November 2, 2004) AND INTERIM DEPUTY CLERK FOR THE PURPOSE OF ACCEPTING AFFIDAVITS OF CANDIDACY WHEREAS, pursuant to Minnesota State Statute 204B.21, subd. 2, the City Council of the City ofCenterviIle must select and appoint election judges for the upcoming Primmy (September 14, 2004) and General (November 2, 2004) elections; and WHEREAS, the City Clerk has advertised for individuals interested in serving in the capacity of election judge, contacted individuals provided by the County through lists from both the Republican and Democratic parties, utilized previously appointed judges or a combination of all to compile the list below of those that Council will consider appointing; and WHEREAS, all of the listed individuals are required to receive training either in the capacity of head judge (3 hours) or election judge (2 hours) as required by Minnesota State Statute 204B.25 and if any of the individuals listed below are not trained, the Election AdministratorlHead Judge has the duty and responsibility to not allow that individual to serve in the capacity of head judge or election judge; and Lisa Atkins Marcia Bartels Teresa Bender (Head Judge) Joyce Dupre Nancy FitzGerald Joyce Gruber Janis Hackman CliffKath David Osgood Shirley Sager (Head Judge) Irene Seashore Kim Stephan Shirley Sundquist Mary Ann Thill Anita Thompson WHEREAS, the Council of the City of Centerville will appoint Ms. Kim Stephan as interim Deputy Clerk for the period of August 24, 2004 through September 7, 2004 for the sole purpose of accepting affidavits of Candidacy if the City Clerk is absent from City offices; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA: 1. Authorizes the Election AdministratorlHead Judge to deny an individual the opportunity to serve as a Head Judge or Election Judge due to failure to receive proper training per Minnesota State Statute 204B.25. 2. Appoints the above stated individuals for the primmy and general elections to serve in the capacity of head judge or election judges if trained according to Minnesota State Statute 204B.25. 3. Appoints Ms. Kim Stephan as interim Deputy Clerk for the period of August 24, 2004 through September 7, 2004 for the sole purpose of accepting affidavits of Candidacy if the City Clerk is absent from City offices. PASSED AND ADOPTED by the City Council this lIth day of August, 2004. Attest City Clerk Mayor I , I I l_ ~Aug 11 2004 :~ AUG-11-2004 rI'. . ... 5' if !;' I l n l!l ~ { ~ :~ !!: :z lifJ ,. Q.:I ,., :::a ::v ~ [ I' ! C C -i f j~ o Cl 1. i i l!. i i J i '< 1: ie:, iii! I, 'j "':\ r" .J ';! . I". 1, "I' Jj' .., , 'J , 1:..' !....!:.. 16:04 11:36 BONESTROO ROSENE ANDERLIK 6516361311 MffiUIRE IRON. INC. 60S 334 9752 . ~l m: .. j.. ......".__..l~_._,_.._ :... ""n' -r'\' W Ii; iil' ... 6 ~, HI 0, r-' ~ CR' :"1'\' ~ iri ~, z m: ~:, :j r'" 2, m' ~: " :<l, ::l', ~, 0 0' ~' Z i ; ! <0; 0)1 I I ..__..l..____._.. ~ ill ~' ~ a Q co III i'l m " <> ~' il ... ~, ~ r-' ':::! o :z i ~~ ..- ~_"D ....~ ' i~ ~ ill !b !~e ......~ lilz ....., 81'= S "II ~I.~ ,,~ ... .. Ii .. .. .. ,i..._.:L. .. iii, ~ ;n '" ~ .. ... O. .:=' z g ... ~ ~ Sill !So=r~ ;.. ! ~.! -;6 , '"--_-:.. c'.... "'... iil~ ,,= "'Ill 01.5 ~i 2' &'1: i I p.l P.0VB2 g s: ~~$ )0;20 gJPI~ :l!1I1 CIt-;ii al=o ::amz ~il:~ mZt) . > ~ TDTRL P. 1'12 .. i:! '" fO iii ". is z '"', "" i~r. t-j i!L :~i L .: I ' 1;1'. ""~: ~III' , Eji:: i'lIl; ""'1- il ! IS o.!" '''I "II... I ~ I;;:' Iii !Il!1 Q I~. '.01 i~l~ f I ~! I;;] ~} I , '01 :51.; ~';;j 511 , I lOi i~l. ...., '!l' " 1 '.... ,g.' ;.1 if I i:' l':'.l ,,,,,I ~I ';".:1 !.51~ I:J 1-\ '-I .,f.L t " Preliminary $5,325,000 City of CenterviJIe, Minnesota General Obligation Capital Improvement Bonds, Series 2004 Police Station & CenterviJIe City Hall (AAAllnsured Bond assumed) Total Issue Sources And Uses Dated 11/01/2004 I Delivered 11/01/2004 Circle Pines Lexington Centerv/lle Centerv/lle City Hall Issue Summary Sources Of Funds Par Amount of Bonds....m.'............ ........h........ $1,005,000,00 $845,000.00 $815,000,00 $2,660,000.00 $5,325,000.00 Total Sources.................................................. $1,005,000,00 $845,000.00 $815,000.00 $2,660,000.00 $5,325,000.00 Uses Of Funds Total Underwriter's Discount (1.200%)............. 12,060.00 10,140.00 9,780.00 31,920.00 63,900.00 Costs of Issuance............___.............................. 5,878.21 4,942.38 4,766.91 15,587.50 31,175.00 Deposit to Capitalized Interest (CIF) Fund........ 43,296.88 36,378.13 35,068.75 114,515.63 229,259.39 Deposit to Project Construction Fund.....,......... 942,500.00 792,500.00 765,000.00 2,500,000.00 5,000,000.00 Rounding Amount.......,..... ,............_. ." ..._...., .... 1,264.91 1,039.49 384.34 (2,023.13) 665.61 Total Uses......................................................., $1,005,000.00 $845,000.00 $815,000.00 $2,660,000,00 $5,325,000.00 Proiect Notes: 1) This preliminary analysis is based upon the Joint Power Police Station project sized at $2.5 million and the Centerville City Hall sized at $2.5 million. 2) Fifteen months of capitalized interest is included in the project financing to make the interest payments from the dated date of the bonds (11/1/04) through and including the February 1, 2006 interest payment. 3) For the police station financing the member City % is an estimate based upon the Joint Power Police Department formula. PofICeStatioll&CityHaf I /S5ueSummary r 8/9/2004 J 1:10PM Northland Securities Public Finance Page 1 Preliminary $5,325,000 City of Centerville, Minnesota General Obligation Capital Improvement Bonds, Series 2004 Police Station & Centerville City Hall (AAA/lnsured Bond assumed) Debt Service Schedule Date Principal Coupon Interest Total P+J Fiscal Total 11/01/2004 02101/2005 08/01/2005 137,555,64 137,555,64 02/01/2006 91,703.75 91,703.75 229,259.39 08/01/2006 91,703.75 91,703.75 02/01/2007 460,000.00 2.500% 91,703.75 551,703.75 643,407.50 08/01/2007 85,953.75 85,953.75 02/0112008 475,000.00 2.750% 85,953.75 560,953.75 646,907.50 08/01/2008 79,422.50 79,422.50 02/01/2009 485,000.00 3.0000/11 79,422.50 564,422.50 643,845.00 08/01/2009 72,147.50 72,147.50 02/01/2010 500,000.00 3.250% 72,147,50 572,147.50 644,295.00 08/0112010 64,022.50 84,022.50 02/01/2011 520,000.00 3.500%. 64,022.50 584,022.50 648,045.00 08/0112011 54,922.50 54,922.50 02/0112012 535,000.00 3.600% 54,922.50 589,922.50 644,845.00 08/01/2012 45,292.50 45,292.50 02/0112013 555,000.00 3.700% 45,292.50 600,292.50 645,585.00 08/0112013 35,025.00 35,025.00 02/01/2014 575,000.00 3.800% 35,025.00 610,025.00 645,050.00 08/0112014 24,100.00 24,100.00 02/01/2015 600,000.00 3.900% 24,100.00 624,100,00 648,200.00 08/0112015 12,400.00 12,400.00 02/0112016 620,000.00 4.000% 12,400.00 632,400.00 644,800.00 Tota.l $5,325,000.00 $1,359,239.39 $6,684,239.39 Yield Statistics Bond Year Dollars... ......... ..... ....... .... .... ...................... .........,.................. .............. ....,............._................... ................. ...... ...... Average Life. ................ ,............... ._... ,........... ........, ........................................................... ......" .................,. ........ ........ ............. Average Coupon............ ......., ...... .....n... ,. .................... .......... ..... ................................,............ .....'" ................... ..... .... ........ ... $37,416.25 7.027 Years 3.6327515% Net Interest Co.st (NIC)................................. ..................................................................................... ................ .................... True Interest Cost (TIC).....,..,.....................................................................n....... . .................. ............................... Bond Yield for Arbitrage Purposes ........................ ................ .................. ...... ...... .......,..... ....... ..........,....... .................... All Inclusive Cost (AIC).... ............................................,............................................................................ ............................... 3.8035329% 3.8137867% 3.6145721 % 3.9121427% IRS Form 8038 Net Interest Cost........ ............................... ..... ............... ........................... .... Weighted Average Maturity........................................ ................................."............. 3.6327515% 7.027 Years Police Station & City Hal I IssueSummBry I 8/9120041 1:10PM Northland Securities Public Finance Page 2 Preliminary $1,005,000 City of Centerville, Minnesota General Obligation Capital Improvement Bonds, Series 2004 Circle Pines Portion Debt Service Schedule Date Principal Coupon Interest Total P+l Fiscal Total 11/01/2004 02/01/2005 OBI0112005 25,978,13 25,978,13 02101/2006 17,318.75 17,318,75 43,296,88 OB/Ol/2006 17,318,75 17,318,75 02/01/2007 85,000,00 2.500% 17,318,75 102,318,75 119,637.50 OB/Ol/2007 16,256.25 16,256.25 0210112008 90,000,00 2.750% 16,256.25 106,256.25 122,512,50 081011200B 15,018.75 15,018,75 02/01/2009 90,000,00 3.000% 15,018,75 105,018,75 120,037,50 08/01/2009 13,668,75 13,668,75 02/01/2010 95,000,00 3.250% 13,668,75 10B,668,75 122,337,50 OB101/201O 12,125,00 12,125.00 0210112011 100,000,00 3.500% 12,125,00 112,125,00 124,250,00 08/01/2011 10,375,00 10,375,00 02/01/2012 100,000,00 3.600% 10,375,00 110,375,00 120,750,00 OB/Ol/2012 8,575,00 8,575,00 02/01/2013 105,000,00 3.700% 8,575,00 113,575,00 122,150,00 0810112013 6,632,50 6,632,50 0210112014 110,000,00 3.800% 6,632,50 116,632,50 123,265,00 08/01/2014 4,542,50 4,542,50 02/01/2015 115,000,00 3.9000/0 4,542,50 119,542,50 124,085,00 08/01/2015 2,300.00 2,300,00 02/01/2016 115,000,00 4.000% 2,300,00 117,300,00 119,600,00 Total $1,005,000,00 $256,921,88 $1,261,921.88 Yield Statistics Bond Year Dollars.... ...................................................,..... ," ...,.....,.,..... ...................,..... .."............... ...... .................................. Average Life........................................... ............................ .................................. ................................._....... ......................... Average Coupon."..".......,........,.................... ........................,...........................................,................. ..............,..... $7,071,25 7.036 Years 3.6333305% Net Interest Cost (NIC}....... .............................................. ............ ........ ................ .................... True Interest Cost (TIC)..... ............................................................ ................................... Bond Yield for Arbitrage Purposes......... ...............,................................................................... AU Inclusive Cost (Ale}...... ..... .,........... ......,...............,........ .............................. ...... ........ .......... 3.8038802% 3.8142411% 3.6145721%, 3.9123764% IRS Form 8038 Net Interest Cost. .... ................ ......................... ............... ..... ............ .........,....... ....................................u...,...... .........,........ ..... Weighted Average Maturity....... ............................................... ........................_..........,.....,..........,..................__.".................". 3,6333305% 7.036 Years PoliceSlalion&CilyHa/j Circ}ePines I 8/912004 J 1:10PM Northland Securities Public Finance Page 3 Preliminary $845,000 City of Centerviile, Minnesota General Obligation Capital Improvement Bonds, Series 2004 Lexington Portion Debt Service Schedule Date Principal Coupon Interest Total P+I Fiscal Total 11/01/2004 02101/2005 08/0112005 21,826.88 21.826.88 02/0112006 14,551.25 14,551.25 36.378.13 08/01/2006 14,551.25 14.551.25 02101/2007 75,000.00 2.500% 14.551.25 89.551.25 104;102.50 08/01/2007 13,613.75 13.613.75 02/01/2008 75.000.00 2.750% 13,613.75 88.613.75 102,227.50 OB/01/2008 12.582.50 12,582.50 02/01/2009 75,000.00 3.000% 12,582.50 87,582.50 100.165.00 08/01/2009 11,457.50 11,457.50 02/01/2010 80.000.00 3.250.% 11,457.50 91,457.50 102.918.00 08/0112010 10,157.50 10.157.50 02/0112011 80.000.00 3.500% 10,157.50 90,157.50 100,315.00 08/0112011 8,757.50 8.757.50 02/0112012 85.000.00 3.600% 8.757.50 93,757.50 102,515.00 08/01/2012 7.227.50 7,227.50 02101/2013 90,000.00 3,700% 7,227.50 97,227.50 104,455.00 08/0112013 5,562.50 5.562.50 02/0112014 90,000.00 3.800% 5,562.50 95,562.50 101,125.00 08/0112014 3,852.50 3,852.50 02/0112015 95.000.00 3.900% 3,852.50 98,852.50 102,705.00 06/0112015 2,000.00 2.000.00 02/0112016 100,000.00 4.000% 2,000.00 102,000.00 104,000.00 Total $845,000.00 $215.903.13 $1,060,903.13 Yield Statistics Bond Year Dollars.. .........,...............,.. .....,............,.... ........ ..,.. ..... ....... .......,..,.............. ..............,.... .n........ Average Life........... ...................... .............................. ...., ... .............,. ................................."..................... Average Coupon................................. ....."................, ............ ..... ".. ................ ............... .......no...... $5,941.25 7.031 Years 3.6339681% Net Interest Cost (NIC)..................................................................... ............................... ............... ............... 3.8046393% True Interest Cost (TIC)...............,......."...............................................................................m..... ..................... 3.814861'1"10 Bond Yield for Arbitrage Purposes.... "n"" .................,........ ... .....,....... ,........... ... ......... ,......."...............,......,... . .......... ........ .,.... 3.61457210/0 All Inclusive Cost (AIC).....,...... ............ ". ................. ............ ............... ............................................. .......,....................... .... ....., 3.9130863% IRS Form 8038 Net Interest Cost......... ............ .. .......... ................... .............. ,...... ................................... ............................. ........................ ...... 3.6339681 tI/o Weighted Average Maturity........"...". ................................,.. ....... ........ .............................................. ............. .............. ....... ..... 7.031 Years Po/ice Sfalion & City Hal I Lexington) 8/912004 I 1;10 PM Northland Securities Public Finance Page 4 Preliminary $815,000 City of Centerville, Minnesota General Obligation Capital Improvement Bonds, Series 2004 Centerville Portion - p~ Debt Service Schedule Date Principal Coupon 11/01/2004 02/01/2005 08/01/2005 02/01/2006 08/01/2006 02/0 1 /2007 08/01/2007 02/01/2008 08/01/2008 02/01/2009 08/01/2009 02/01/2010 08101/2010 02101/2011 08/01/2011 02/01/2012 08/01/2012 02/01/2013 08/01/2013 02/01/2014 08/01/2014 02/01/2015 08/01/2015 02/01/2016 Total Interest Total P+l Fiscal Total 21,041.25 21,041.25 14,027.50 14,027.50 35.068.75 14,027.50 14,027.50 14,027.50 84,027.50 98,055.00 13,152.50 13,152.50 13,152.50 88,152.50 101,305.00 12,121.25 12,121.25 12,121.25 87,121.25 99,242.50 10,996.25 10,996.25 10,996.25 85,996.25 96,992.50 9,777.50 9,777.50 9,777.50 89,777.50 99,555.00 8,377.50 8,377.50 8,377.50 88,377.50 96,755.00 6,937.50 6,937.50 6,937.50 91,937.50 98,875.00 5,365.00 5,365.00 5,365.00 95,365.00 100,730.00 3,655.00 3,655.00 3,655.00 93,655.00 97,310.00 1,900.00 1,900.00 1,900.00 96,900.00 98,800.00 $207,688.75 $1,022,688.75 70,000.00 2.500% 75,000.00 2.750% 75,000.00 3.000% 75,000.00 3.250% 80,000.00 3.500% 80,000.00 3,600% 85,000.00 3.700% 90,000.00 3.BOO% 90,000.00 3.900% 95,000.00 4.000% $815,000.00 Yield Statistics Bond Year Dollars.... ... """."", ..... ,.. ......,........ ............. ...,......... ......,. ...,..,... ....,.......",....................,............. .. ......."......,.......,... Average Life,............................ ..".......................................................................... ....................... ........................ .".............. Average Coupon..... .... ...."......., ......, .........,...,... ...... .., "..,,' .....,.,........, ......... ,..,..... .. .................,..... $5,718.75 7.017 Years 3.631715B% Net Interest Cost (NIC).. ...........".....,.................................................... ............."........ ................. True Interest Cost (TIC)............ ...."........'................"............................................... .... ......................."h................ Bond Yield for Arbitrage Purposes..... .,.....,. ,..... ..,... .... ..... ....,.. n," ...... .......... ...............,.......,............. ..,.. ....,.... ..........., .......,...... All Inclusive Cost (Ale).,..... . ...,. .......,. ..............,.. ..' ..........,. .....,..,.. ...,....... ." .. ..,.........,.... .......,.......,......... ............ ..........." 3.8027322% 3.8129140%, 3.6145721% 3,9112984% IRS Form 8038 Net Interest Cost.. ... ............. ,................,. ..n..'...... .............. ............ ,.......,.......,. ...... ................. .....................".... ..........,......... .... Weighted Average Maturity...... ..n...........".......,. ....... ....,...... ................, .......... h........... ......,.,......... ......,.. ....,......"......,... 3.6317158% 7.017 Years PO!icesralion&CilyHall CenWvil/e I 8/9/2004 I 1:10PM Northland Securities Public Finance Page 5 ." Preliminary $2,660,000 City of Centerville, Minnesota General Obligation Capital Improvement Bonds, Series 2004 Centerville City Hall Debt Service Schedule Date Princlpal Coupon Interest Total P+\ Fiscal Total 11/01/2004 02/01/2005 08/01/2005 68,709.38 68,709.38 02/01/2006 45,806.25 45,80625 114,515.63 08/01/2006 45,806.25 45,80625 02/01/2007 230,000.00 2.500% 45,80625 275.806"25 321,612.50 08/01/2007 42,93125 42,931.25 02/01/2008 235.000"00 2.750'% 42,931.25 277,931.25 320,862.50 08/01/2008 39,700.00 39,700.00 02/0112009 245,000.00 3.000% 39,700.00 284,700.00 324,400.00 OB/0112009 36,025.00 36,025.00 02/01/2010 250,000.00 3.250% 36,025.00 286,025.00 322,050.00 08101/2010 31,962.50 31,962.50 02/01/2011 260,000.00 3.500%1 31,962.50 291,962.50 323,925.00 08/01/2011 27,412.50 27,412.50 02/01/2012 270,000.00 3.600% 27,412.50 297,412.50 324,825.00 08/01/2012 22,552.50 22,552.50 02/0112013 275,000.00 3.700% 22,552.50 297,552.50 320,105.00 08/01/2013 17,465.00 17,465.00 02/01/2014 285,000.00 3.800% 17,465.00 302,485.00 319,930.00 08/01/2014 12,050.00 12,050.00 02/01/2015 300,000.00 3.900% 12,050.00 312,050.00 324,100.00 08101/2015 6,200.00 6,200.00 02/01/2016 310,000.00 4.000% 6,200.00 316,200.00 322,400.00 Total $2,660,000.00 $678,725.63 $3,338,725.63 Yield Statistics Bond Year Dollars.. ......... ....u...... '... . ....................,....... .. . ...,............, ............... ...... .............. ... .'.........,. ..................... ..... ......... Average Life....... .. .....,. ,,,................. .....n'................, .............. ................. ......, .............,......,............................................._....... Average Coupon......... ... ..., ......... ... ......... ."...........,......, .................,......... ..". ..........".. ..... ....".......... $18,685.00 7.024 Years 3 .632462()O/o Net Interest Cost (NIC).........,....."............ " ..."........,..........,........."...... .................... ................"... ................ True Interest Cost (TIC)..................,....................................,.........."...........................""....'... ". .............. ................"..... Bond Yield for Arbitrage Purposes.. .........".......................................... .......,. ........ ...........,....................... ......................... ....." All InclusIve Cost .(ArC)............. .. ........................". ......................... ........... ....... ........ ... .............. ...... ................. ........ ............... 3.8032948% 3.8135401% 3.6145721% 3.9120128% IRS Form 8038 Net Interest Cost.... ...........,....,......... ..... .., .....................' .......,............. ... ........ ....................... ......... ..,....................._..... Weighted Ave(age Maturity............ ........... ...,. ............... ....., ........ ...... ...... ............. .......,...... ..............,......... .......... ,. .." 3.6324626% 7 .024 Years Police Station & City Hal ( CentervilleCityHall1 8/91'2004 \ 1:10PM Northland Securities Public Finance Page 6 tervi{{e 'E."tLlNisfie,{J8.57 UPDATE CITY OF CENTERVILLE 08/11/04 11 :27 AM Page 1 *Check Summary Register@) Name 10100 MAIN STREET BANK Paid Chk# 019455 ANOKA COUNTY Paid Chk# 019456 AVLIC Paid Chk# 019457 BARNA, GUZY & STEFFEN L TO Paid Chk# 019458 CITY OF ST PAUL Paid Chk# 019459 CULLIGAN Paid Chk# 019460 HAWKINS WATER TREATMENT Paid Chk# 019461 KENNEDY & GRAVEN Paid Chk# 019462 MET. COUNCIL ENV. SERVo Paid Chk# 019463 MUL TICARE ASSOCIATES BMC Paid Chk# 019464 NATIONWIDE RETIREMENT Paid Chk# 019465 NORTHLAND SECURITIES Paid Chk# 019466 PUBLIC EMPLOYEES Paid Chk# 019467 QWEST Paid Chk# 019468 RADIOSHACK CREDIT Paid Chk# 019469 SAM'S CLUB Paid Chk# 019470 W. W. GRAINGER, INC. Paid Chk# 019471 XCEL ENERGY Check Dale AUGUST 2004 Check AmI 8/11/2004 8/11/2004 8/11/2004 8/1112004 8/1112004 8/11/2004 8/11/2004 8/11/2004 8/11/2004 8/11/2004 8/1112004 8/1112004 8/11/2004 8/1112004 8/1112004 8/11/2004 8/1112004 Total Checks $29.50 CLAY ALCOCK - ABSTRCT FILING F $556.00 DEF COMPW/H 8-12-04 $7,914.85 CIVIL MATTERS -SERV THRU 7-31- $134.91 ASPHALT MIX $55.22 WATER RENTAL $1,023.65 CHEMICALS $3,648.05 2.2 MIL. GENERAL OBL. IMPR. BO $10,117.00 SERV THRU SEPT 2004 $136.00 A. ANDERSON PRE-EMPLOYMENT EX $198.52 DEF COMPWIH 8-12-04 $803.41 SERVICES FOR G.O. IMP 2004B BO $1,571.08 PAYROLL W/H 8-12-04 $112.75 651-407-7090 SERV THRU8-31-04 $15.96 SUPPLIES $173.19 CANDY FOR 2004 PARADE FETE DES $47.82 HARD CAP, WHITE $1,590.25 1694 SOREL ST - SERV THRU 8-1- $28,328.16