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<br />wiring the Deposit, and must provide the following information <br />via e-mail tocswanson@northlandsecurities.com: <br /> <br />I. Fed reference number and time out. <br /> <br />2. Return wire instructions, for returning the Deposit if the bid <br />was unsuccessful. <br /> <br />Wire Instructions for the Deposit are as follows: <br /> <br />Bank Name: Wells Fargo Bank, N.A. <br />City, State: San Francisco, CA <br />Wire routing transit number (RTN): 121000248 <br />For Further Credit to: Northland Securities, Inc., Bond Escrow <br />Account <br />Beneficiary Account Number (BNF): 346-9563161 <br />Reference: Name of Sender and Issuer Name and Series <br /> <br />If a financial surety bond is used, it must be from an insurance <br />company licensed to issue such a bond in the State of Minnesota, <br />and preapproved by the City. Such bond must be submitted to <br />Northland Securities, Inc. prior to the opening of the proposals. <br />The financial surety bond must identify each proposal maker <br />whose Deposit is guaranteed by such financial surety bond. <br /> <br />If the Bonds are awarded to a proposal maker using a financial <br />surety bond, that proposal maker is required to submit its Deposit <br />to Northland Securities, Inc. in the form of a certified or cashier's <br />check, or a wire transfer as instructed by Northland Securities, <br />Inc. to be received not later than 3 :30 P.M., Central Time, on the <br />next business day following the award. If such Deposit is not <br />received by that time, the financial surety bond may be drawn by <br />the City to satisfy the Deposit requirement. <br /> <br />In the event the successful bidder fails to comply with the <br />accepted proposal, said amount will be retained by the City. No <br />proposal can be withdrawn after the time set for receiving <br />proposals unless the meeting of the City scheduled for award of <br />the Bonds is adjourned, recessed, or continued to another date <br />without award of the Bonds having been made. <br /> <br />AWARD: <br /> <br />The Bonds will be awarded on the basis of the lowest interest rate <br />to be determined on a true interest cost (TIC) basis, after taking <br />into account the available credit to the City if the Bonds are issued <br />as "qualified Build America Bonds - Direct Pay" and if they are <br />