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<br />I.... <br /> <br />'. <br /> <br />L <br />I: <br /> <br />\1 THE CITY HAS AUTHORIZED SPRINGS TED INCORPORA TED TO <br />I'! NEGOTIATE THIS ISSUE ON ITS BEHAl.F. PROPOSALS WILL BE <br />1 RECEIVED ON THE FOLLOWING BASIS: <br />;I <br />Ii <br />'I <br />'\ <br />!i TERMS OF PROPOSAL <br />" <br />ji <br /> <br />$2,265,000* <br />Ii CITY OF NEW BRIGHTON, MINNESOTA <br />I' <br /> <br />IITAXABLE GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2004B <br />il <br />II <br />ii (BOOK ENTRY ONLY) <br />H <br />" <br />Ii <br />n <br />II Proposals for the Bonds will be received on Tuesday, September 28, 2004, until 10:00 <br />II A.M., Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, <br />I Suite 100, Saint Paul, Minnesota, after which time they will be opened and tabulated. <br />i C?TIsideration for award of the Bonds will be by the City Council at 7:30 P.M., Central <br />i,Tlme, of the same day. <br />II <br />Ii SUBMISSION OF PROPOSALS <br />! <br />i <br />! Springsted will assume no liability for the inability of the bidder to reach Springsted prior <br />I to the time of sale specified above. All bidders are advised that each Proposal shall be <br />I:deemed to constitute a contract between the bidder and the City to purchase the Bonds <br />iI regardless of the manner in which the Proposal is submitted. <br />:; <br /> <br />I! (a) Sealed Bidding. Proposals may be submitted in a sealed envelope or by fax <br />II (651) 223-3046 to Springsted. Signed Proposals, without final price or coupons, may be <br />il submitted to Springsted prior to the time of sale. The bidder shall be responsible for <br />'I submitting to Springsted the final Proposal price and coupons, by telephone <br />11(651) 223-3000 or fax (651) 223-3046 for inclusion in the submitted Proposal. <br /> <br />'I <br />q <br />IIOR <br /> <br />:1 <br />ii(b) Electronic Biddinf!. Notice is hereby given that electronic proposals will be received <br />!! via P ARITY@. For purposes of the electronic bidding process, the time as maintained by <br />iIPARITY@ shall constitute the official time with respect to all Bids submitted to <br />lip ARITY@. Each bidder shall be solely responsible for making necessary arrangements <br />lito access PARIYY@ for purposes of submitting its electronic Bid in a timely manner and <br />Ilin compliance with the requirements of the Terms of Proposal. Neither the City, its <br />!Iagents nor PARITY@ shall have any duty or obligation to undertake registration to bid for <br />ijany prospective bidder or to provide or ensure electronic access to any qualified <br />Ilprospective bidder, and neither the City, its agents nor PARITY@ shall be responsible for <br />qa bidder's failure to register to bid or for any failure in the proper operation of, or have <br />iiany liability for any delays or interruptions of or any damages caused by the services of <br />j:PARITY@. The City is using the services of PARITY@ solely as a communication <br />'l <br /> <br />II <br /> <br />SJB-2519~3VI <br />NE 136-1 ~t <br />~ ! <br />