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AUTHORIZED SPRINGSTED INCORPORATED TE FOL NEGOTIATE BASIS: <br />THE CITY HAS <br />ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED <br />TERMS Op PROPOSAL <br />$4,310,000 <br />CITY OF LINO LAKES, MINNESOTA <br />GENERAL OBLIGATION IMPROVEMENT BONDS: SERIES 1998A <br />(BOOK ENTRY ONLY) <br />the Bonds will be received on Monday, June 22. 1998, Place. l 1 t 100. Saint Paul. <br />Central <br />Proposals fort incorporated. 85 East Sev <br />Minn, st the deices of time <br />after which time they will be opened and taTime, butted.trC Consideration <br />day.n for award oft the <br />Minnesota, Council at 6:30 P.M., Central <br />Bonds will be by the City <br />SUBMISSION OF PROPOSALS <br />0 prior to the <br />Proposals may be submitted in a sealed envelope pmay be submitted to Springsted 0 to Springsted. <br />Signed Proposals, without hall price or P <br />time of sale. The bidder shall be responsible for submitting to Springsted the oral Proposal <br />price <br />and coupons. by telephone (612) 223-3000 or fax (612) 223 -3002 for inclusion in the to reach <br />submitted Proposal. Springsted will assume baliability Ab'dders are inability of the <br />that Proposal <br />Springsted prior to the time of sale specified <br />shall be deemed to constitute a contract between the bidder and the City to purchase the Bond <br />regardless of the manner of the Proposal submitted. <br />DETAILS OF THE BONDS <br />The Bonds will be dated August 1. 1998. as the date of oonginal�g�st Ind will bear interest <br />h <br />payable on February 1 and August 1 of each yea <br />be computed on the basis of a 360 -day year of twelve 30-day months. <br />The Bonds will matufe February 1 in the years and amounts as follows: 2013 $285.000 <br />2005 5290.000 2009 $285.000 2013 $285.000 <br />2001 5290.004 2006 $290.000 2010 $285.000 2015 5285.000 <br />2002 5290.000 2007 5290,000 2011 5285.000 <br />2003 5290.000 <br />2004 5290.000 2008 $285,000 2012 5285,000 <br />Proposals for the Bonds may contain a maturity schedule providing for or aatecombination fi of s dry <br />bropo provided that no serial bond may <br />bonds and term bonds. p rice of <br />sinking und redemption date of any terra bond• maturity lt n bonds a� �� subject a at a p mandatory <br />9 Rata term bonds, the <br />sinking fund redemption and must conform to the on. In order to designate par plus accrued Interest to the date of redemption. <br />must specliy "Last Year of Serial Maturities" and "Years of Term Maturities" In the <br />proposal <br />spaces p rovided on the Proposal Form. <br />-i- <br />nicaicc710 <br />NRAVN9 7 A03NN3)1 -1110a4 <br />wdll:EO 86- 61 —AeVV <br />