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<br />-.1 <br />I <br />I <br />! <br />i THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO <br />'I NEGOTIATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE <br />, RECEIVED ON THE FOLLOWING BASIS: <br />! <br />I <br />I <br />I <br />i TERMS OF PROPOSAL <br />I <br />i <br /> <br />$6,835,000* <br />CITY OF NEW BRIGHTON, MINNESOTA <br />GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2004A <br /> <br />i <br />I <br />! <br />j <br />I Proposals for the Bonds will be received on Tuesday, September 28, 2004, until 10:00 <br />i 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 Consideration for award of the Bonds will be by the City Council at 7:30 P.M., Central <br />i Time, of the same day. <br />i <br />! <br />i <br />I 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 />! deemed to constitute a contract between the bidder and the City to purchase the Bonds <br />! regardless of the manner in which the Proposal is submitted. <br />! <br /> <br />(BOOK ENTRY ONLY) <br /> <br />SUBMISSION OF PROPOSALS <br /> <br />I (a) Sealed Biddin1!. Proposals may be submitted in a sealed envelope or by fax <br />1(651) 223-3046 to Springsted. Signed Proposals, without final price or coupons, may be <br />I submitted to Springsted prior to the time of sale. The bidder shall be responsible for <br />! submitting to Springsted the final Proposal price and coupons, by telephone <br />1(651) 223-3000 or fax (651) 223-3046 for inclusion in the submitted Proposal. <br />i <br />I <br />lOR <br /> <br />I (b) Electronic Biddin1!. Notice is h~reby given that electronic proposals will be received <br />I via P ARITY@. For purposes of the electronic bidding process, the time as maintained by <br />I P ARITY@ shall constitute the official time with respect to all Bids submitted to <br />!PARITY@. Each bidder shall be solely responsible for making necessary arrangements <br />II to access P ARf'TYID for purposes of submitting its electronic Bid in a timely manner and <br />:iin compliance with the requirements of the Tenns of Proposal. Neither the City, its <br />i!agents nor PARITY@ shall have any duty or obligation to undertake registration to bid for <br />Hany prospective bidder or to provide or ensure electronic access to any qualified <br />i!prospective bidder, and neither the City, its agents nor PARITY@ shall be responsible for <br />:la bidder's failure to register to bid or for any failure in the proper operation of, or have <br />ijany liability for any delays or interruptions of or any damages caused by the services of <br />1jPARITY@. The City is using the services of PARITY@ solely as a communication <br /> <br />" <br />if <br />H <br />SJB~25191lovl <br />NEl36-1~.f <br />