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$6,235,000*
<br />GENERAL OBLIGATION BONDS, SERIES 2014A
<br />CITY OF LAKE ELMO, MINNESOTA
<br />(Book -Entry Only)
<br />TIME AND PLACE:
<br />Proposals will be opened by the City Administrator, or designee, on Tuesday, June 17, 2014, at 11 t3o A
<br />CT, at the offices of Northland Securities, Inc., 45 South 7th Street, Suite 2000, Minneapolis, Minneso
<br />55402. Consideration of the Proposals for award of the sale will be by the City Council at its meeting at t
<br />City Offices beginning Tuesday, June 17, 2014, at 7:00
<br />Proposals may be:
<br />a) submitted to the office of Northland Securities, Inc.,
<br />b) taxed to Northland Securities, Inc, at 612-851-591.8,
<br />c) for proposals submitted prior to the sale, the final price and coupon rates may be submitted to Northland
<br />Securities, Inc. by telephone at 612-851-5900 or 612-851-4920, or
<br />d) submitted electronically.
<br />Notice is hereby given that electronic proposals will be received via PARITYT11, or its successor, in the manner
<br />described below, until 11:30 A.M., CT, on Tuesday, June 17, 2014. Proposals may be submitted electronically
<br />via PARITYTM or its successor, pursuant to this Notice until 11:30 A.M., CT, but no Proposal will be received
<br />after the time for receiving Proposals specified above. To the extent any instructions or directions set forth in
<br />PARITYTM, or its successor, conflict with this Notice, the terms of this Notice shall control. For further
<br />information about PARITYT., or its successor, potential bidders may contact Northland Securities, Inc. or i-
<br />Dealo at 1359 Broadway, 2 nd floor, New York, NY 10018, telephone 212-849-502 1.
<br />Neither the City nor Northland Securities, Inc. assumes any liability if there is a malfunction of PARITYTM or
<br />its successor. All bidders are advised that each Proposal shall be deemed to constitute a contract between the
<br />bidder and the City to purchase the Bonds regardless of the manner in which the Proposal is submitted.
<br />IRV
<br />The Bonds will be issued by means of a book -entry system with no physical distribution of bond certificates
<br />made to the public. The Bonds will be issued in fully registered form and one bond certificate, representing the
<br />aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co.
<br />as nominee of Depository Trust Company ("DTC"), New York, New York-, which will act as securities
<br />depository of the Bonds.
<br />Preliminary; subject to change. The City reserves the right to increase or decrease the principal amount of the Bonds. Any such
<br />increase or decrease will be made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the
<br />purchase price will also be adjusted to maintain the same gross spread,
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