2015-031 Council Resolution - Laserfiche WebLink

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• • • THE CM' HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTLATE THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: TERMS OF PROPOSAL S3.645000* CITY OF LINO LAKES, MINNESOTA GENERAL OBLIGATION BONDS, SERIES 2015A (BOOK ENTRY ONLY) Proposals for the Bonds will be received on Monday. April 27. 2015_ until 10.00 AM,. Central Time. at the offices of Spruigsted Incorporated, 330 Jackson Street Suite 300. Sarni Paul. Mimiesotaafter which tune proposals vill be opened and tabulated. Consideration for award of the Bonds will be by the City Council at 6-30 P.M.. Central Time, of the same day. SUBMISSION OF PROPOSALS Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the time of sale specified above. All bidders are advised that each proposal shall be deemed to constitute a contract between the bidder and the City to purchase the Bonds regardless of the manner in winch the proposal is submined. (a) Sealed Bidding. Proposals may be submitted in a sealed envelope or by fax (651)223-3046 to Springsted. Sianed proposals_ without final pnce or coupons. may be submitted to Springsted prior to the time of sale The bidder shall be responsible for submitting to Springsted the final proposal pnce and coupons. by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in the subnutted proposal OR (b) Electronic Biddinr. Notice is hereby given that electromc proposals will be received via PARITY". For purposes of the electronic bidding process, the time as maintained by PARITY shall constitute the official time with respect to all proposals subnutted to PARITY". Ear 1,rticier :J:0;1 he solci:v reTonsib;e 1 -or ipaki?:ff 12eCeSSM:l- 07T(Plgemenrs ro access PARITY' for ploposes of siibmirrtqf eircrronic proposal in a r:nle:y manner CPid in coinplicnce it the VCC/ilfreMeflrs of ri;e Terms of proposal. Neither the City, its agents nor PARFI-1-t shall have any dut or obligation to undertake registration to bid for any prospective bidder or to provide or ensure electronic access to alIV qualified prospective bidder. and neither the City_ its agents nor PARITY" shall be responsible for a bidder's failure to register to bid or for any failure in the proper operation of or have any liability for any delays or interruptions of or any damages caused by the services of PARIT14. The City is using the services of PARE -1'i solely as a coinununcation mechanism to conduct the electronic bidding for the Bonds. and PARITYis not an agent of the City If any provisions of this Terms of proposal conflict with information provided by PARITY". this Terms of proposal shall control. Further information about PARITY". including any fee charged. may be obtained from: PARITY'. 1359 Broadway 2'" Floor New York. New York 10013 Customer Support (212)349-5000 PreL'mmar), :1ect changc 458637v1 JAE LN140-115 A-2