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2011-02-23 CC Packet
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2011-02-23 CC Packet
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ADJUSTMENTS TO PRINCII'AL AMOUNT AFTER PROPOSALS <br /> The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase <br /> or decrease will be made in multiples of $5,000 and may be made in any maturity. If any maturity is <br /> adjusted, the purchase price will also be adjusted to maintain the same gross spread. Such adjustments <br /> shall be made promptly after the sale and prior to the award of Proposals by the City and shall be at the <br /> sole discretion of the City. The successful bidder may not withdraw or modify its Proposal once <br /> submitted to the City for any reason, including post-sale adjustment. Any adjustment shall be conclusive <br /> and shall be binding upon the successful bidder. <br /> OPTIONAL REDEMPTION <br /> Bonds maturing on July l, 2017 through 2019 are subject to redemption and prepayment at the option of <br /> the City on July l, 2016 and any date thereafter, at a price of par plus accrued interest. Redemption may <br /> be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and <br /> principal amounts within each maturity to be redeemed shall be determined by the City and if only part of <br /> the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid <br /> shall be chosen by Iot by the Bond Registrar. <br /> CUSIP NUMBERS <br /> If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but <br /> neither the failure to print such numbers on any Bond nor any error with respect thereto shall constitute i <br /> cause for a failure or refusal by the successful bidder thereof to accept delivery of and pay for the Bonds <br /> in accordance with terms of the purchase contract. The CUSIP Service Bureau charge for the assignment <br /> of CUSIP identification numbers shall be paid by the successful bidder. <br /> DELIVERY I <br /> Delivery of the Bonds will be within forty days after award, subject to an approving legal opinion by I <br /> Bradley and Deike, Professional Association, Bond Counsel. The legal opinion will be paid by the City <br /> and delivery will be anywhere in the continental United States without cost to the successful bidder at <br /> DTC. <br /> TYPE OF PROPOSAL <br /> Proposals of not less than $2,721,940 (98.80%) and accrued interest on the principal sum of $2,755,000 <br /> must be filed with the unde�signed prior to the time of sale. Proposals must be unconditional except as to <br /> legality. Proposals for the Bonds should be delivered to Northland Securities, Inc. and addressed to: <br /> Dallas Larson, Administrator <br /> Centerville City Hall <br /> 1880 Main Street <br /> Centerville, Minnesota 55038 <br /> 73 <br />
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