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<br /> <br />TERMS OF PROPOSAL <br /> <br />$9,700,000 <br />CITY OF ROSEVILLE, MINNESOTA <br />GENERAL OBLIGATION MUNICIPAL BUILDING BONDS, SERIES 2003A <br /> <br /> <br />Proposals for the Bonds will be received on Monday, February 10, 2003, until 11 :00 A.M., <br />Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint <br />Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of <br />the Bonds will be by the City Council at 6:00 P.M., Central Time, of the same day. <br /> <br />SUBMISSION OF PROPOSALS <br /> <br />Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the <br />time of sale specified above. All bidders are advised that each Proposal shall be deemed to <br />constitute a contract between the bidder and the City to purchase the Bonds regardless of the <br />manner in which the Proposal is submitted. <br /> <br />(a) Sealed Biddin2:. Proposals may be submitted in a sealed envelope or by fax (651) 223- <br />3046 to Springsted. Signed Proposals, without final price or coupons, may be submitted to <br />Springsted prior to the time of sale. The bidder shall be responsible for submitting to Springsted <br />the final Proposal price and coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for <br />inclusion in the submitted Proposal. <br /> <br />OR <br /> <br />(b) Electronic Biddin2:. Notice is hereby given that electronic proposals will be received via <br />PARITY@. For purposes of the electronic bidding process, the time as maintained by <br />PARITY@ shall constitute the official time with respect to all Bids submitted to PARITY@. <br />Each bidder shall be solely responsible for making necessary arrangements to access P ARITY@ <br />for purposes of submitting its electronic Bid in a timely manner and in compliance with the <br />requirements of the Notice of Sale. Neither the City, its agents nor PARITY@ shall have any <br />duty or obligation to undertake registration to bid for any prospective bidder or to provide or <br />ensure electronic access to any qualified prospective bidder, and neither the City, its agents nor <br />P ARITY@ shall be responsible for a bidder's failure to register to bid or for any failure in the <br />proper operation or have any any delays or interruptions or any damages <br />caused by the services of P ARITr. City is using the services of P ARITY@ solely as a <br />communication mechanism to conduct the bidding for the Bonds, and P ARITY@ is <br />not an <br /> <br /> <br />1 486062v1 <br /> <br />A-I <br />