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New York, New York, which will act as securities depository of the Bonds. Individual purchases nf thp Rnnn<;. m::¡v hE" ml'lnp ;n thp nrin(,;1'\1'I1 I'Imnl1nt nf 11:'\ 000 nr <>nv n-111lt;nlp thpr..nf nf <> "';"CTI.. ......... .......- --....-.... -""'-J ....- .......--- ......... ........- t'.............-...t'-.... -...........-....... -. ........,,'v'V'" -... -.......J ........._.......y...~ "'......_..._V..L v.&. """ ~"''''.I.Ó.l- maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The purchaser, as a condition of delivery of the Bonds, will be required to deposit the Bonds with DTC. TERMS ûF SALE Minimum Bid and Good Faith Deposit. A Good Faith Deposit ("Deposit") in the form of a certified or cashier's check or a Financial Surety Bond in the amount of $42,000, payable to the order of the Issuer, is required for each bid to be considered. If a check is used, it must ~~~___~_... ~~~1.. 1..;';' Tl' ~ T:';_~_~;~1 C'.._~+.. D__';' ;~ ..~_,;. ;.. _..~. 1..._ l'_~_ ~_ ;_~.._~__~ ~~__~_" a~\.UUlpaJ.l)' ~a~u LJIU. u. a ru!au\.!al JW~t)' uuuu !;:, ll;,)I;U, H U!ll;,)l UI; HUU! aJ.IIH;,)WaJ.!~~ ~U!UpaJ.!)' licensed to issue such a bond in the State of Minnesota, and such bond must be submitted to the Issuer or its Financial Advisor prior to the opening of the bids. The Financial Surety Bond must identify each bidder whose Deposit is guaranteed by such Financial Surety Bond. If the Bonds are awarded to a bidder utilizing a Financial Surety Bond, then that purchaser ("Purchaser") is TP(ll1iTf"n to 'mhmit it<;. Df"no<;.it to the T<;.<;.l1er or 1t<;. Fin::¡ncial Adv1<;.or in the form of a cashier's ..-,-......-- ........ --------- --- --r---- -- --- ------ -- --- - -------~- ... --.---- --- ---- ------ -- -- ---~----- check (or wire transfer such amount as instructed by the Issuer or its Financial Advisor) not later than 3:30 P.M., C.T. on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the Issuer to satisfy the Deposit requirement. No interest on the Deposit will accrue to the Purchaser. The Deposit will be applied to the purchase price of the Bonds. In the event the Purchaser fails to honor its accepted bid, the Deposit will be retained by the Issuer. Type of Bid. Rates offered by Bidders must be in integral multiples of 5/1 00 or 1/8 of ....T t· .. ," . 1 t .1 t r.. .. °.1. ___ ,__ _ __-' A11 ~___J_ _£'.....1-_ 1/0. 1'10 nmnanon IS p1acea upon me numoer or rares wmcn may oe usea. f\11 Donas VI lIlt: same maturity must bear a single uniform rate from date of issue to maturity and no rate of any maturity may be lower than the highest rate applicable to Bonds of any preceding maturities. No conditional bids will be considered. Bids for the bonds are to be addressed to: Ed\vard BtL.rre!1 City Finance Director Roseville City Hall 2660 Civic Center Drive Roseville, MN 55113 DJK116619 RS200-19