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THE TY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS SSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLL WING BASIS: TERMS OF PROPOSAL $20,730,000* CITY OF NEW BRIGHTON, MINNESOTA GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2006A (BOOK ENTRY ONLY) Propos s for the Bonds will be received on Tuesday, June 27, 2006, until 10:00 A.M., Central Time, t the offices of Springsted Incorporated, 380 Jackson Street, Suite 300, Saint Paul, Minne ta, after which time they will be opened and tabulated. Consideration for award of the Bonds '11 be by the City Council at 6:30 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Spring ed will assume no liability for the inability of the bidder to reach Springsted prior to the time 0 sale specified above. All bidders are advised that each Proposal shall be deemed to constit e a contract between the bidder and the City to purchase the Bonds regardless of the manne in which the Proposal is submitted. ed Biddin . Proposals may be submitted in a sealed envelope or by fax (651) 223-3046 gsted. Signed Proposals, without final price or coupons, may be submitted to Springsted the time of sale. The bidder shall be responsible for submitting to Springsted the final 1 price and coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in itted Proposal. OR ctronic Biddin . Notice is hereby given that electronic proposals will be received via . For purposes of the electronic bidding process, the time as maintained by PARITy<ID nstitute the official time with respect to all Bids submitted to P ARITY@. Each bidder solely responsible for making necessary arrangements to access P ARITroo for purposes itting its electronic Bid in a timely manner and in compliance with the requirements of the 1'i ms of Proposal. Neither the City, its agents nor PARITY@ shall have any duty or obliga' n to Wldertake registration to bid for any prospective bidder or to provide or ensure electr . c access to any qualified prospective bidder, and neither the City, its agents nor PARI iii shall be responsible for a bidder's failure to register to bid or for any failure in the prope peration of, or have any liability for any delays or interruptions of or any damages cause by the services of P ARITy<ID. The City is using the services of P ARITY@ solely as a comm . cation mechanism to conduct the electronic bidding for the Bonds, and P ARITY@ is not an ag t of the City.