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1 ^ ^^ I I ^ ^ 1 I 1 ^^ 1 ^ 1 II
<br /> 1 O W Qr rrM O I A I O�NMM 1 Ill I N I Nr I M I Q1 II
<br /> I I m� Il1Q ai Q r MN 1 1 o N QN I O 1 r l co 1D I Q I ID II
<br /> as r< r 1 1 1 0 0-^ N 1 ° 1 0 1 0. 1 1 M 11 be withdrawn or amended after the time set for receiving proposals unless the meeting of the
<br /> I—V d W I 1 I 1 I I I .II
<br /> 1 C Ia L M N Q I° O t I r 1 O N an r I m l O I N/D I co 1 r 11
<br /> 1 ` ° w M T v v r 1 1 �, I , , v , M , M 11 City scheduled for award of the Bonds is adjourned, recessed, or continued to another date
<br /> I O > I I I t M I I V I r l l
<br /> ^ I L > W I I 1 1 I ..i I I N II
<br /> T ; >LL ; ; ;; without award of the Bonds having been made. Rates shall be in integral multiples of 5/100 or
<br /> Q1
<br /> 1/8 of 1%. Rates must be in level or ascending order. Bonds of the same maturity shall bear a
<br /> E ' ^ ' ^ ' 1 single rate from the date of the Bonds to the date of maturity. No conditional proposals will be
<br /> 7 1 NQ N t71 CA M tp I Il9 1 OI�tp 1�M I W 1 O I Or I I O) N I r 11
<br /> V 1 N Q II)r ap M� I M I w all t-N N 1 0 1 M I O IO I IO I 10 o I M 11 accepted.
<br /> C 1 Nat) . M Ip A I r. I N r Q IC S I M I Q I O IA I N 1 fD OI I CD 11
<br /> al I 41 _ _ . _ . , , _ 1 I I I • I
<br /> L I. 7 I�IDA Ma70r 1 IA I rrNO1N 1 0 1 W I Ilyr 1 ID I I 11
<br /> E I V co O l�1p al' T I m 1 I7 N M Lon o I o 1 OI I ISM I o I i.0, Q I Iv, 11
<br /> N 1 < r ; N1 emQ r ; off r ; Cm I of ;� AWARD
<br /> �-+ I I I1
<br /> v l r I M I I M I 1 1 r
<br /> 1 r1 I 1 I I 1 1 I I N 11
<br /> Co I I I I I ^ I ^ I I II
<br /> .! ' ~°r O O 0° ' w ' O O 0 O 0 1 0 I N , N° , N I o 11 The Bonds will be awarded on the basis of the lowest interest rate to be determined on
<br />a true
<br /> O I 10001 a!00 O I I Ill In 000 1 0 1 ao 1 W O 1 co I O 11
<br /> H 1 J N 01 Ol r•O I n O I O I N r N M I0 I Q I h 1 O O I O I O !1
<br /> II interest cost (TIC) basis. The City's computation of the interest rate of each proposal, in
<br /> I to MMNOIO O Q I M I r01NrQ 1 a0 I Q I AN I N I N II
<br /> I 3 to IO O IOOM Q 101 I r OM fO In I IO I A I N I to 1 01 11
<br /> I� r 1 0 1 Q I° I N 1 r I N- 1 I » II accordance with customary practice, will be controlling.
<br /> I m 1 1 I 1 I 11
<br /> M ; r I M I I I I I I
<br /> M Q e r ; ; N;, _N ; „ ; ° ; ° ; „ ;; The City will reserve the right to: (i) waive non-substantive informalities of any proposal or of
<br /> 1 I d^ In au M "s 1 N 1 M 1 L 1 W 1 1 ° 1 ° 1 m II matters relating to the receipt of proposals and award of the Bonds, (ii) reject
<br />all proposals
<br /> I u r m I Q O I A I N II] t0 1 m I a0 I 0 1 0 1 a0 11
<br /> I V� a1 . . I _ , , , _ I •• I 1 11
<br /> ° r ° ° " without cause, and, (iii) reject any proposal which the City determines to have failed to comply
<br /> 1 a1 L 0 I M I N I I 1 O I O I r 11
<br /> I O > q v 1 I ...� 1 v 1 I r l l II
<br /> 1 of al W I I 1 I I I I II
<br /> 1 >LL = 1 1 1 1 I , , „ with the terms herein.
<br /> N I v I 1 I I 1 1 I II
<br /> C I
<br /> u. ; Q ID ; �, ; m N ; „ ; „ ; O ; ° BOND INSURANCE AT PURCHASER'S OPTION
<br /> 1 IA at!IO N O I N I IO N , N I ID I O I O I IO
<br /> tD l N a7 u] Iq A I r I Q u•! M I M I 11
<br /> M I O 1 0 1 M N I N
<br /> C 1 7 r rM u'!a0 1 0 1 I�N IO I O I O t O 1 0 1 O Q I Q 11
<br /> m l M Q r I Q l ^N I� I M I r l r l r 1 N 1 II If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment
<br /> > I V N I N I I N I I I 1 N I N II
<br /> m l Q I I 1 I I I 1 I N 11
<br /> therefor at the option of the underwriter, the purchase of any such insurance policy or the
<br /> I I 1 I 1 1 1 I I 11
<br /> r issuance of any such commitment shall be at the sole option and expense of the purchaser of
<br /> V 1 I I I I ^ I 1 ^ 1 ^ 11
<br /> g ; c 0 0 o g ; o ; g g o ; c ; Q ; g o ; o ; g the Bonds. Any increased costs of issuance of the Bonds resulting. from such purchase of
<br /> ' � °° ° ' ° ' c- "- ' L' ' - ' -° ' °- ' "'" insurance shall be paid by the purchaser, except that, if the City has requested
<br />and received a
<br /> 1 d 1 I I I I I 1 11
<br /> 1 OI to "m ti M I O I r Q I N I N I O O 1 0 1 N II
<br /> ' r "= ' r ' ^r " , r , .. ' r° ' 11 rating on the Bonds from a rating agency, the City will pay that rating fee. Any other rating
<br /> 1 7 q I N I I N I I 1 1 N II
<br /> 1 1 1 I I 1 1 1 II agency fees shall be the responsibility of the purchaser.
<br /> I 1 I I I I 1 1 11
<br /> 1 m O D Q P 1 r N N I N I a o r N M r I r l M I N I M I O 11
<br /> "Q r I I I m Io 1 Q I 0 II Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the
<br /> I fD�L 1�01QO<Or0 1 1 QQ"fr 1 01 1 1 ON I a7 I N II
<br /> 1 VM a1 . . . . I . , . . , . , , . I • 1 •11
<br /> W 1 C a1 L r N m r r N N t r 1 m N°r„ , , , N„ , m , „ purchaser shall not constitute cause for failure or refusal by the purchaser to accept
<br />delivery on
<br /> U I a1 L O M CA v N I t0 I N v 01 N I 01 I In I O h I M I 11 -•
<br /> Z 1 O > v v I r , r ..i I r 1 M I r I M 1 K 11
<br /> Q I L > Itl 1 1 I I I v.... 1 1 11
<br /> 6 1 >LL C the Bonds.
<br /> m 1 v I 1 I I I I I 11
<br /> Z N 1 1 1 1 t ^ I ^ 1 1 II CUSIP NUMBERS
<br /> u.O C 1 Of Qa0 M 01 NI17 1 0 1 Nr1pr r l 01 I r l O r I r l O v I r 11
<br /> LL Z 7 1 IDQID h a0 r,� I r l a0N1�It7 I Q I 10 1 O t0 1 ID 1 O Q I Q 11
<br /> � LL I 01 aDQ re•!r0 I O I nloQlo Q I Ol I O 1 OI° I O I O I N 11
<br /> 1-+LL 1 7 NmOO m If!M I 11'1 ' MQ N0101 1 W I Il•) 1 W.- I ID 1 at1 O 1 01 11
<br /> W 1 I° r N°, I Q f Q a M,°N I w- I m 1 I°M , I° , M , < „ If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed
<br />on the
<br /> y O L 1 V Y'1 m W 1 0 1 10 n Q I m l r I N I I 1 11
<br /> W Z m l 4 I 1 1 I I I v l I .1,11 Bonds b
<br /> O W. C 1 I M I r I N I I 1 I 1 11 but neither the failure to print such numbers on any Bond nor any error with respect
<br /> Z>OI d 1 N I I 1I
<br /> `=z- " thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the
<br /> U J . I 1 I t I
<br /> <„ I o g g ; � ; N o g ; g ; g m ;; Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers
<br /> Q U 1 r-1 1�01 01 x 0 0 0 I W 1 N r N M I o 1 O 1 O O 1 0 1 11
<br /> W tr m . . . _ _ . . , . , . . . . _ , _ , . . , . , shall be paid by the purchaser.
<br /> Z M a W 1 T r M m r 0 M r , M l O N N r I W I N 1 N Ln I N I 11
<br /> 2 1Y'n S I 7 N O I�Ln 1 at) I f�01 M IO I Ill I I Q
<br /> H 7 0 W I m . r ; O ; I D O ; O I v i N v I I M 11
<br /> Z F-•Z U 1 r I N I I M I 1 I I 11
<br /> ..a W 1 w 1 SETTLEMENT
<br /> =J 0 I I 1 I 1 1 I 1 II
<br /> I.-d 1 W
<br /> u.
<br /> 0 W Z Z ; • Within 40 days following the date of their award, the Bonds will be delivered without cost to the
<br /> >y 3 purchaser through DTC in New York, New York. Delivery will be subject to receipt by the
<br /> Z > m purchaser of an approving legal opinion of Dorsey & Whitney LLP of Minneapolis, Minnesota,
<br /> and of customary closing papers, including a no-litigation certificate. On the date of settlement,
<br /> LLaIY >> > >c N to >c >
<br /> coo o L ° v 7 ) ° payment for the Bonds shall be made in federal, or equivalent, funds which shall be received at
<br /> LL m >N N N" ; r X L the offices of the City or its designee not later than 12:00 Noon, Central Time. Unless
<br /> W� �y a L. o m" o W compliance with the terms of payment for the Bonds has been made impossible by action of the
<br /> W a7 ~ E m N m C 7 L. N 7 L m C m C W
<br /> ° L L r e N m 0 °8 r _ O City, or its agents the purchaser shall be liable to the City for any loss suffered by the City by
<br /> Ia••m L a c L.Yom- V 7 C C M C 7 N O 'L C° N M � ! ' 1
<br /> m m a, L = m = L _ al++ =5 L m N d d r reason of the purchasers non-compliance with said terms for payment.
<br /> QLE Owl 1) o41 NC o CL
<br /> O O C C L LL C > > m Y m 0. V 4-i°1 t V V j m W
<br /> W L al L O i!,m m N O W L Y X r C V 41 L m m
<br /> 2 O. m w C > K w p w O C W 4. m C N N Q W 7 L V V
<br /> m m O N /O` E K L.r y 3 raj O X c d d 0 y L `N
<br /> N^N N o m 4J W . al v u z W �If I[_ _ CONTINUING DISCLOSURE
<br /> O m L C L OI N N L y r L r L
<br /> V 7 a1 V tD L m m a! O a m Y d O N L W C C O N N° m m
<br /> C C V a! 10 = >L H C C 2 S L t 1- N N L o w H N L
<br /> m ° `_T "' " m . ' °°" m > m ` ` m J ` c r In accordance with SEC Rule 15c2-12(b)(5) the City will undertake pursuant to the resolution c
<br />r_a7 J1-IULL►•I O lL C7 CL 11 a0 W O OF-H W O 41 LL !i 1 f
<br /> awarding sale of the Bonds, to provide annual reports and notices of certain events. A
<br /> IV-10
<br /> - iii -
<br />
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