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1110A HIM THE CITY HAS AUTHORIZED SPRIN�GSTE,D INCORPORATED TO NEGOTIATE THIS ISSUE, ON ITS BEHALF. PROPOSALS WILL BE, RECEIVED ON THE FOLLOWING BASIS: $10)000)000* CITY OF Rte SEVILLE, MIN�N�E,SOTA GENERAL OBLIGATION BOND S, SERIES 2011A (BOOK ENTRY ONLY) Proposals for the Bonds and the Good Faith Deposit ("Deposit"') will be received on Monday, November 28, 2011, uin�til 10:00 A.M., Central Time, at the offices of Sprin�gsted Incorporated, 3,80 Jackson Street, Suite 300, Saint Pauil, Minnesota, after which time proposals will be opened and tabulated. consideration for award of the Bonds will be by the City Council at 6:00 P.M., Central Time, of the same day. SUBMISSION OF PROPOSALS Sprin�gsted will assume no liability for the inabilit► of the bidder to reach Sprin�gsted prior to the time of sale specified above. All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner in which the Proposal is submitted. (a) Sealed Biddin-g. Proposals mays be submitted in a sealed envelope or by fax (651) 223,-3,04,6 to Sprin�gsted. Signed Proposals, with�ouit final price or coupons, mays be submitted to Sprin�gsted prior to the time of sale. The bidder shall be responsible for submitting to Sprin�gsted the final Proposal price and coupons, by telephone (651) 223,-3,000 or fax (651) 223,-3,04,6 for in�cluision in the submitted Proposal. �#z (b) Electronic Biddin-g. Notice is hereby given that electronic proposals will be received via PARITYO. For purposes of the electronic bidding process, the time as maintained by PARITYO shall constitute the official time with respect to all Bids submitted to PARM16. Each bidder shall be solely responsible for making necessary arrangements to access PARIT' for purposes of submitting its electronic Bid in a timely manner and in c07 Hance with the requirements of the Terms of Proposal. Neither the City, its agents nor PARIT shall have any duity or obligation to undertake registration to bid for any prospective bidder or to provide or en�suire electronic access to any qualified prospective bidder, and neither the City, its agents nor PARM16 shall be responsible for a bidder's failure to register to bid or for any failure in the proper operation of, or have an liability for any delays or in�terruiption�s of or any damages cauised by the services of PARI T) . The City is uisin�g the services of PARITY 6 solely as a com�m�uin�ication mechanism to con�duict the electronic bidding for the Bonds, and PARM16 is not an agent of the City. ;It Preliminary subject to changEl SNOW=