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II " . "l ~ \ , I I ! THE CITY HAS AUTHORIZED SPRINGSTED INCORPORA TED TO I NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE ! RECEIVED ON THE FOLLOWING BASIS: i j TERMS OF PROPOSAL $1,265,000 CITY OF NEW BRIGHTON, MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2004C (BOOK ENTRY ONLY) jProposals for the Bonds will be received on Tuesday, September 28, 2004, until 10:00 IA.M., Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, ! Suite 100, Saint Paul, Minnesota, after which time they will be opened and tabulated. !consideration for award of the Bonds will be by the City Council at 7:30 P.M., Central iTime, of the same day. SUBMISSION OF PROPOSALS I I ISpringsted will assume no liability for the inability of the bidder to reach Springsted prior ito the time of sale specified above. All bidders are advised that each Proposal shall be jdeemed to constitute a contract between the bidder and the City to purchase the Bonds iregardless of the manner in which the Proposal is submitted. , !<a) Sealed Biddin/l. Proposals may be submitted in a sealed envelope or by fax j(651) 223-3046 to Springsted. Signed Proposals, without final price or coupons, may be jsubmitted to Springsted prior to the time of sale. The bidder shall be responsible for Isubmitting to Springsted the final Proposal price and coupons, by telephone !(651) 223-3000 or fax (651) 223-3046 for inclusion in the submitted Proposal. lOR I i kb) Electronic Bidding. Notice is h~reby given that electronic proposals will be received ivia P ARITY@. For purposes of the electronic bidding process, the time as maintained by ip ARITY@ shall constitute the official time with respect to all Bids submitted to !PARITY@. Each bidder shall be solely responsible for making necessary arrangements Ita access PARITy@ for purposes of submitting its electronic Bid in a timely manner and Jin compliance with the requirements of the Tenns of Proposal. Neither the City, its (agents nor P ARITY@ shall have any duty or obligation to undertake registration to bid for lany prospective bidder or to provide or ensure electronic access to any qualified ~rospective bidder, and neither the City, its agents nor PARITY@ shall be responsible for ia bidder's failure to register to bid or for any failure in the proper operation of, or have lany liability for any delays or interruptions of or any damages caused by the services of rARITY@. The City is using the services of PARITY@ solely as a communication