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2015_0723_CCpacket
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2015_0723_CCpacket
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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 />$3,270,000* <br />CITY OF ROSEVILLE, MINENSOTA <br />GENERAL OBLIGATION TAX INCREMENT REVENUE BONDS, SERIES 2015A <br />(BOOK ENTRY ONLY) <br />Proposals for the Bonds will be received on Monday, August 17, 2015, until 11:00 A.M., Central Time, at <br />the offices of Springsted Incorporated, 380 Jackson Street, Suite 300, Saint Paul, Minnesota, after which <br />time proposals will be opened and tabulated. Consideration for award of the Bonds will be by the City <br />Council at 6:00 P.M., 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 time of <br />sale specified above. All bidders are advised that each proposal shall be deemed to constitute a contract <br />between the bidder and the City to purchase the Bonds regardless of the manner in which the proposal is <br />submitted. <br />(a) Sealed Biddin�. Proposals may be submitted in a sealed envelope or by fax (651) 223-3046 to <br />Springsted. Signed proposals, without final price or coupons, may be submitted to Springsted prior to the <br />time of sale. The bidder shall be responsible for submitting to Springsted the final proposal price and <br />coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in the submitted proposal. <br />OR <br />(b) Electronic Bidctin�. Notice is hereby given that electronic proposals will be received via PARITY�. <br />For purposes of the electronic bidding process, the time as maintained by PARITY�' shall constitute the <br />official time with respect to all proposals submitted to PARITY`� . Each bidder shall be solely responsible <br />for making necessary arrangements to access PARIT� for purposes of submitting iis electronic proposal <br />in a timely manner and in compliance with the requirements of ihe Terms of proposal. Neither the City, <br />its agents nor PARITY° shall have any duty or obligation to undertake registration to bid for any <br />prospective bidder or to provide or ensure electronic access to any qualified prospective bidder, and <br />neither the Ciry, its agents nor PARITY° shall be responsible for a bidder's failure to register to bid or for <br />any failure in the proper operation of, or have any liability for any delays or interruptions of or any <br />damages caused by the services of PARITY" . The City is using the services of PARITY� solely as a <br />communication mechanism to conduct the electronic bidding for the Bonds, and PARITY«' is not an agent <br />of the City. <br />If any provisions of this Terms of proposal conflict with information provided by PARITY°, this Terms <br />of proposal shall control. Further information about PARITY`�', including any fee charged, may be <br />obtained from: <br />PARITY`�', 1359 Broadway, 2°d Floor, New York, New York 10018 <br />Customer Support: (212) 849-5000 <br />* Preliminary; subject to change. <br />A-1 <br />
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