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The City reserves the right to increase or decrease the principal amount of the Bonds. Any such increase decrease will be made in multiples of $5,000 and may be made in any maturity, If any maturity is adjusted, t purchase price will also be adjusted to maintain the same gross spread. Such adjustments shall be ma promptly after the sale and prior to the award of r,#♦ by the City and shall be at the sole discretion of t City. The successful • may not withdraw or modify its Proposal once submitted to the City for a reason, including post -sale adjustment, Any adjustment shail be conclusive • shall •... binding upon t successful bidder, I lull 111amIlLy peel ic 1 on s o 7 epal s a ec lot by the Bond • If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the Bonds, but neither the failure to print such numbers on any Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the successful bidder thereof to accept delivery of and pay for the Bonds in accordance with terms of the purchase contract. The CUSIP Service Bureau charge for the assignment of CUSIP identification nurnbers shall be paid by the successful bidder. Delivery of the Bonds will be within forty days after award, subject to an approving legal opinion by Dorsey & Whitney LLP, Bond Counsel. The legal opinion will be paid by the City and delivery will be anywhere in the continental United States without cost to the successful bidder at DTC, Dean Zuleger, City Administrator Lake Elmo City Hall 3800 Laverne Avenue N. Lake Elmo, Minnesota 55042 A good faith deposit (the "Deposit") in the amount of $124,700 in the form of a federal wire transfer (payable to the order of the City) is only required from the apparent winning bidder, and must be received within two hours after the time stated for the receipt of Proposals. The apparent winning bidder will receive notification of the wire instructions from the Financial Advisor promptly after the sale. If the Deposit is not received from the apparent winning bidder in the time allotted, the City may choose to reject their Proposal and then proceed to offer the Bonds to the next lowest bidder based on the terms of their original proposal, so long as said bidder wires funds for the Deposit amount within two hours of said offer.