|
NOTICE OF SALE
<br /> , $2,755,000
<br /> GENERAL OBLIGATION IMPROVEMENT REFLJNDING BONDS, SERIES 2011A
<br /> CITY OF CENTERVILLE, MINNESOTA
<br /> (Book-Entry Only)
<br /> NOTICE IS HEREBY GIVEN that these Bonds will be offered for sale according to the following terms:
<br /> TIME AND PLACE:
<br /> Proposals will be opened by the City Administrator, or designee, on Wednesday, March 23, 2011, at
<br /> � 10:30 A.M., CT, at the off'ices of Northland Securities, Inc., 45 South 7th Street, Suite 2000, Minneapolis,
<br /> Minnesota 55402. Consideration of the Proposals for award of the sale will be by the City Council at its
<br /> meeting at the City Offices beginning Wednesday, March 23, 2011 at 6:30 P.M., CT.
<br /> SUBMISSION OF PROPOSALS
<br /> Proposals may be:
<br /> a) submitted to the office of Northland Securities, Inc.,
<br /> b) faxed to Northland Securities, Inc. at 612-851-5918,
<br /> c) for proposals submitted prior to the sale, the fmal price and coupon rates may be submitted to
<br /> Northland Securities, Inc. by telephone at 612-851-5900 or 612-851-4908, or
<br /> d) submitted electronically.
<br /> Notice is hereby given that electronic proposals will be received via PARITY"'', or its successor, in the
<br /> manner described below, until 10:30 A.M., CT, on Wednesday, March 23, 2011. Proposals may be
<br /> submitted electronically via PARITY'� or its successor, pursuant to this Notice until 10:30 A.M., CT, but
<br /> no Proposal will be received after the time for receiving Proposals specified above. To the extent any
<br /> instructions or directions set forth in PARI'TY'�', or its successor, conflict with this Notice, the terms of
<br /> this Notice shall control. For further information about PARITY'�, or its successor, potential bidders may
<br /> contact Northland Securities, Inc. or i-Deal� at 1359 Broadway, 2" floor, New York, NY 10018,
<br /> telephone 212-849-5021.
<br /> Neither the City nor Northland Securities, Inc. assumes any liability if there is a malfunction of
<br /> PARITY"�' or its successor. All bidders are advised that each Proposal sha11 be deemed to constitute a
<br /> contract between the bidder and the City to purchase the Bonds regardless of the manner in which the
<br /> Proposal is submitted.
<br /> BOOK-ENTRY SYSTEM
<br /> The Bonds will be issued by means of a book-entry system with no physical distribution of bond
<br /> certificates made to the public. The Bonds will be issued in fully registered form and one bond certificate,
<br /> representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the
<br /> * The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or decrease will be
<br /> made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also be
<br /> adjusted to maintain the same gross spread.
<br /> �
<br /> 70
<br />
|