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THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS
<br /> ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS:
<br /> TERMS OF PROPOSAL
<br /> $2,650,000
<br /> CITY OF ST. ANTHONY, MINNESOTA
<br /> GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1995B
<br /> (BOOK ENTRY ONLY)
<br /> Proposals for the Bonds will be received on Monday, November 27, 1995, until 11:00 A.M.,
<br /> Central Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint
<br /> Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award
<br /> of the Bonds will be by the City Council at 7:00 P.M., Central Time, of the same day.
<br /> SUBMISSION OF PROPOSALS
<br /> Proposals may be submitted in a sealed envelope or by fax (612) 223-3002 to Springsted.
<br /> Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the
<br /> time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal
<br /> price and coupons, by telephone (612) 223-3000 or fax (612) 223-3002 for inclusion in the
<br /> submitted Proposal. Springsted will assume no liability for the inability of the bidder to reach
<br /> Springsted prior to the time of sale specified above. Proposals may also be filed electronically
<br /> via PARITY, in accordance with PARITY Rules of Participation and the Terms of Proposal,
<br /> within a one-hour period prior to the time of sale established above, but no Proposals will be
<br /> received after that time. If provisions in the Terms of Proposal conflict with the PARITY Rules
<br /> of Participation, the Terms of Proposal shall control. The normal fee for use of PARITY may be
<br /> obtained from PARITY and such fee shall be the responsibility of the bidder. For further
<br /> information about PARITY, potential bidders may contact PARITY at 100 116th Avenue SE,
<br /> Suite 100, Bellevue, Washington 98004, telephone (206) 635-3545. Neither the City nor
<br /> Springsted Incorporated assumes any liability if there is a malfunction of PARITY. All bidders
<br /> 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 of the Proposal submitted.
<br /> DETAILS OF THE BONDS
<br /> The Bonds will be dated December 1, 1995, as the date of original issue, and will bear interest
<br /> payable on February 1 and August 1 of each year, commencing February 1, 1996. Interest will
<br /> be computed on the basis of a 360-day year of twelve 30-day months.
<br /> The Bonds will mature February 1 in the years and amounts as follows:
<br /> 1996 $130,000 2000 $150,000 2004 $180,000 2008 $220,000
<br /> 1997 $135,000 2001 $155,000 2005 $190,000 2009 $230,000
<br /> 1998 $140,000 2002 $165,000 2006 $195,000 2010 $240,000
<br /> 1999 $145,000 2003 $170,000 2007 $205,000
<br /> BOOK ENTRY SYSTEM
<br /> The Bonds will be issued by means of a book entry system with no physical distribution of
<br /> Bonds made to the public. The Bonds will be issued in fully registered form and one Bond,
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