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SECURITY AND PURPOSE <br /> The Bonds will be general obligations of the City for which the City will pledge its full faith and <br /> credit and power to levy direct general ad valorem taxes. The proceeds will be used to finance <br /> construction of park improvements. <br /> BIDDING PARAMETERS <br /> Proposals shall be for not less than $17,000,000 (Par)and accrued interest on the total principal <br /> amount of the Bonds. <br /> No proposal can be withdrawn or amended after the time set for receiving proposals unless the <br /> meeting of the City scheduled for award of the Bonds is adjourned, recessed, or continued to <br /> another date without award of the Bonds having been made. Rates shall be in integral multiples <br /> of 5/100 or 1/8 of 1%. Rates are not required to be in level or ascending order; however, the <br /> rate for any maturity cannot be more than 1% lower than the highest rate of any of the <br /> preceding maturities. Bonds of the same maturity shall bear a single rate from the date of the <br /> Bonds to the date of maturity. No conditional proposals will be accepted. <br /> GOOD FAITH DEPOSIT <br /> Proposals, regardless of method of submission, shall be accompanied by a Deposit in the <br /> amount of $170,000, in the form of a certified or cashier's check, a wire transfer, or Financial <br /> Surety Bond and delivered to Springsted Incorporated prior to the time proposals will be <br /> opened. Each bidder shall be solely responsible for the timely delivery of their Deposit whether <br /> by check, wire transfer or Financial Surety Bond. Neither the City nor Springsted Incorporated <br /> have any liability for delays in the transmission of the Deposit. <br /> Any Deposit made by certified or cashier's check should be made payable to the City and <br /> delivered to Springsted Incorporated, 380 Jackson Street, Suite 300, St. Paul, Minnesota <br /> 55101. <br /> Any Deposit sent via wire transfer should be sent to Springsted Incorporated as the City's <br /> agent according to the following instructions: <br /> Wells Fargo Bank, N.A., San Francisco, CA 94104 <br /> ABA#121000248 <br /> for credit to Springsted Incorporated, Account#635-5007954 <br /> Ref: Roseville, MN Series 2012A Good Faith Deposit <br /> Contemporaneously with such wire transfer, the bidder shall send an e-mail to <br /> bond servicesCca)_soringsted.com, including the following information; (i) indication that a wire <br /> transfer has been made, (ii) the amount of the wire transfer, (iii) the issue to which it applies, <br /> and (iv)the return wire instructions if such bidder is not awarded the Bonds. <br /> Any Deposit made by the successful bidder by check or wire transfer will be delivered to the City <br /> following the award of the Bonds. Any Deposit made by check or wire transfer by an <br /> unsuccessful bidder will be returned to such bidder following City action relative to an award of <br /> the Bonds. <br /> If a Financial Surety Bond is used, it must be from an insurance company licensed to issue <br /> such a bond in the State of Minnesota and pre-approved by the City. Such bond must be <br /> submitted to Springsted Incorporated prior to the opening of the proposals. The Financial <br /> Surety Bond must identify each underwriter whose Deposit is guaranteed by such Financial <br /> Surety Bond. If the Bonds are awarded to an underwriter using a Financial Surety Bond, then <br /> that underwriter is required to submit its Deposit to the City in the form of a certified or cashier's <br /> A-3 <br />