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2012_0924_Packet
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2012_0924_Packet
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EXHIBIT A <br />THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS <br />ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: <br />TERMS OF PROPOSAL <br />* <br />$17,000,000 <br />CITY OF ROSEVILLE, MINNESOTA <br />GENERAL OBLIGATION BONDS, SERIES 2012A <br /> (BOOK ENTRY ONLY) <br />Proposals for the Bonds and the Good Faith Deposit (“Deposit”) will be received on Monday, <br />September 24, 2012, until 10:30 A.M., Central Time, at the offices of Springsted Incorporated, <br />380 Jackson Street, Suite 300, Saint Paul, Minnesota, after which time proposals will be opened <br />and tabulated. Consideration for award of the Bonds will be by the City Council at6:00P.M., <br />Central Time, of the same day. <br />SUBMISSION OF PROPOSALS <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 />Sealed Bidding. <br />(a) Proposals may be submitted in a sealed envelope or by fax <br />(651) 223-3046 to Springsted. Signed Proposals, without final price or coupons, may be <br />submitted to Springsted prior to the time of sale. The bidder shall be responsible for submitting <br />to Springsted the final Proposal price and coupons, by telephone (651) 223-3000 or fax <br />(651) 223-3046 for inclusion in the submitted Proposal. <br />OR <br />Electronic Bidding. <br />(b) Notice is hereby given that electronic proposals will be received via <br />®® <br />PARITY. For purposes of the electronic bidding process, the time as maintained by PARITY <br />® <br />shall constitute the official time with respect to all Bids submitted to PARITY.Each bidder shall <br />® <br />be solely responsible for making necessary arrangements to access PARITY for purposes of <br />submitting its electronic Bid in a timely manner and in compliance with the requirements of the <br />® <br />Terms of Proposal. Neither the City, its agents nor PARITY shall have any duty or obligation to <br />undertake registration to bid for any prospective bidder or to provide or ensure electronic access <br />® <br /> shall be <br />to any qualified prospective bidder, and neither the City, its agents nor PARITY <br />responsible for a bidder’s failure to register to bid or for any failure in the proper operation of, or <br />have any liability for any delays or interruptions of or any damages caused by the services of <br />®® <br />. The City is using the services of PARITY solely as a communication mechanism to <br />PARITY <br />® <br />conduct the electronic bidding for the Bonds, and PARITY is not an agent of the City. <br />® <br />If any provisions of this Terms of Proposal conflict with information provided by PARITY, this <br />® <br />Terms of Proposal shall control. Further information about PARITY, including any fee charged, <br />may be obtained from: <br />®nd <br />PARITY, 1359 Broadway, 2 Floor, New York, New York 10018 <br />Customer Support: (212) 849-5000 <br />* <br />Preliminary; subject to change. <br /> A-1 <br /> <br />
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