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Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of single maturity through book entries made on the books and records of DTC and its participants. Principal a interest are payable by the City through Northland Trust Services, Inc. Minneapolis, Minnesota (the "Payi Agent/Registrarto DTC, or its nominee as registered owner of the Bonds. Transfer of principal and intere payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest paymen to beneficial owners by participants will be the responsibility of such participants and other nominees beneficial owners. The successful bidder, as a condition of delivery of the Bonds, will be required to depo the bond certificates with DTC. The City will pay reasonable and customary charges for the services of Paying Agent/Registrar. I 0 ig ions o e ty an are payable from special assessments against all benefited properties, net revenues of the sewer and water utty systems, and tax levies, The full faith and credit of the City is pledged to their t, payment and the City has validly obligated itself to levy ad valorem taxes in the event of any deficiency in the 4:1 debt service account established for this issue, INTEREST PAYMENTS Interest is due semiannually on each January 15 and July 15, commencing July 15, 2015, to registered owners of the Bonds appearing of record in the Bond Register as of the close of business on the first day (whether or not a business day) of the calendar month of such interest payment date. MATURITIES Year Amount Year Amount Year Amount 2016 $355,000 2021 $430,000 2026 $390,000 2017 415,000 2022 445,000 2027 400,000 2018 415,000 2023 445,000 2028 405,000 2019 420,000 2024 455,000 2029 420,000 2020 430,000 2025 380,000 2030 430,000 Proposals for the Bonds may contain a maturity schedule providing for any combination of serial bonds and term bonds, subject to mandatory redemption, so long as the amount of principal, maturing or subject to mandatory redemption in each year conforms to the maturity s--hedule set forth above, INTEREST RATES All rates must be in integral multiples of 1/20th or 1/8th of 1%. Rates must be in lei,el or ascending order. All Bonds of the same maturity must bear a single uniform rate from date of issue to maturity.