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<br />4925-0715-6784.2 LA515-142-947183.v1
<br />EXHIBIT A
<br />NOTICE OF SALE
<br />
<br />$2,185,000*
<br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2025A
<br />
<br />CITY OF LAKE ELMO, MINNESOTA
<br />(Book-Entry Only)
<br />
<br />NOTICE IS HEREBY GIVEN that these Bonds will be offered for sale according to the following terms:
<br />
<br />TIME AND PLACE:
<br />
<br />Proposals (also referred to herein as “bids”) will be opened by the City’s Finance Director, or designee,
<br />on Tuesday, July 15, 2025, at 10:00 A.M., CT, at the offices of Northland Securities, Inc. (the Issuer’s
<br />“Municipal Advisor”), 150 South 5th Street, Suite 3300, Minneapolis, Minnesota 55402. Consideration of
<br />the Proposals for award of the sale will be by the City Council at its meeting at the City Offices beginning
<br />Tuesday, July 15, 2025 at 7:00 P.M., CT.
<br />
<br />SUBMISSION OF PROPOSALS
<br />
<br />Proposals may be:
<br />a) submitted to the office of Northland Securities, Inc.,
<br />b) emailed to PublicSale@northlandsecurities.com
<br />c) for proposals submitted prior to the sale, the final price and coupon rates may be submitted to
<br />Northland Securities, Inc. by telephone at 612-851-5900 or 612-851-4945, or
<br />d) submitted electronically.
<br />
<br />Notice is hereby given that electronic proposals will be received via PARITY™, or its successor, in the
<br />manner described below, until 10:00 A.M., CT, on Tuesday, July 15, 2025. Proposals may be submitted
<br />electronically via PARITY™ or its successor, pursuant to this Notice until 10:00 A.M., CT, but no
<br />Proposal will be received after the time for receiving Proposals specified above. To the extent any
<br />instructions or directions set forth in PARITY™, or its successor, conflict with this Notice, the terms of
<br />this Notice shall control. For further information about PARITY™, or its successor, potential bidders may
<br />contact Northland Securities, Inc. or i-Deal at 1359 Broadway, 2nd floor, New York, NY 10018,
<br />telephone 212-849-5021.
<br />
<br />Neither the Issuer nor Northland Securities, Inc. assumes any liability if there is a malfunction of
<br />PARITY™ or its successor. All bidders are advised that each Proposal shall be deemed to constitute a
<br />contract between the bidder and the Issuer to purchase the Bonds regardless of the manner in which the
<br />Proposal is submitted.
<br />
<br />BOOK-ENTRY SYSTEM
<br />
<br />The Bonds will be issued by means of a book-entry system with no physical distribution of bond
<br />certificates made to the public. The Bonds will be issued in fully registered form and one bond certificate,
<br />representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the
<br />name of Cede & Co. as nominee of Depository Trust Company (“DTC”), New York, New York, which
<br />will act as securities depository of the Bonds.
<br />
<br />* The Issuer reserves the right to increase or decrease the principal amount of the Bonds. Any such increase or
<br />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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