|
EXHIBIT A
<br />NOTICE OF SALE
<br />$2,185,000`
<br />GENERAL OBLIGATION IMPROVEMENT CROSSOVER REFUNDING BONDS, SERIES 2016A
<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, June 8, 2016, at 10:30
<br />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, June 8, 2016 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 612-851-4945, or
<br />d) submitted electronically.
<br />Notice is hereby given that electronic proposals will be received via PARITYTM, or its successor, in the
<br />manner described below, until 10:30 A.M., CT, on Wednesday, June 8, 2016. Proposals may be submitted
<br />electronically via PARITYTM or its successor, pursuant to this Notice until 10:30 A.M., CT, but no
<br />Proposal will be received after the time for receiving Proposals specified above. To the extent any
<br />instructions or directions set forth in PARITYTM, or its successor, conflict with this Notice, the terms of
<br />this Notice shall control. For further information about PARITYTM, or its successor, potential bidders may
<br />contact Northland Securities, Inc. or i -Deal® at 1359 Broadway, 2nd 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 />PARITYTM 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 />The City reserves the right to increase or decrease the principal amount of the Bonds. Any such
<br />increase or decrease will be made in multiples of $5,000 and may be made in any maturity. If any
<br />maturity is adjusted, the purchase price will also be adjusted to maintain the same gross spread.
<br />
|