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�NOTICE OF SALE <br />GENERAL OBLIGATION BONDS, SERIES 20I6A <br />CITY OF LAKE ELMO, MINNESOTA <br />(Book -Entry Only) <br />NOTICE IS HEREBY GIVEN that these Bonds will be offered for sale according to the following terms: <br />Proposals will be opened by the City Finance Director, or designee, on Tuesday, May 17, 2016, at 10:30 <br />A.M., CT, at the offices of Northland Securities, Inc., 45 South 7th Street, Suite 2000, Minneapolis, <br />Minnesota 55402. Consideration of the Proposals for award of the sale will be by the City Council at its <br />meeting at the City Offices begirating Tuesday, May 17, 2016 at 7:00 PM., CT. <br />Proposals may be,- <br />- <br />a) submitted to the office of Northland Securities, Inc., <br />b) taxed to Noithdand Securities, Inc. at 612-851-5918, <br />, for proposals _---____prior to the sal_ the fina. price and coupon rates may .~~~ submitted �~~ <br />Northland Securities, Inc. by telephone at 612-85 t -5900 or 612-851-4920, or <br />d) submitted electronically, <br />Neither the City nor Northland Securities, Inc. assumes any liability if there is a malfunction of PARHY"' or its <br />successor, All bidders are advised that each Proposal shall be deemed to constitute a contract between the bidder <br />and the City to purchase the Bonds regardless of the manner in which the Proposal is submitted. <br />SYSTEM <br />~The City reserves the right to increase or decrease the principal amount of the Bonds, Any such increase or decrease will <br />be made in multiples of $5,000 and may be made in any maturity. If any maturity is adjusted, the purchase price will also <br />be adjusted to maintain the same gross spread. <br />