|
NOTICE OF SALE
<br />$2,755,000
<br />GENERAL OBLIGATION IMPROVEMENT REFUNDING 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 offices 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 final 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 ally
<br />instructions or directions set forth in PARITY " h `, or its successor, conflict with this Notice, the terms of
<br />this Notice shall control. For further information about PARITY " h ', or its successor, potential bidders may
<br />contact Northland Securities, Ire. or i -Deal at 1359 Broadway, 2 ❑d 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 shall 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 />name of Cede & Co. as nominee of Depository Trust Company ( "DTC "), New York, New York, which
<br />will act as securities depository of the Bonds.
<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 />
|