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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 /> $825,000
<br /> CITY OF ST. ANTHONY, MINNESOTA
<br /> GENERAL OBLIGATION IMPROVEMENT BONDS,
<br /> SERIES 1995A
<br /> Proposals for the Bonds will be received on Tuesday, February 14, 1995, until 1:00 P.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 March 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 basiSL of a 360-day year of twelve 30-day months. The Bonds will be
<br /> issued in the denomination of$5,000 each, or in integral multiples thereof, as requested by the
<br /> purchaser, and fully registered as to principal and interest. Principal will be payable at the main
<br /> corporate office of the registrar and interest on each Bond will be payable by check or draft of
<br /> the registrar mailed to the registered holder thereof at the holders address as it appears on the
<br /> books of the registrar as of the close of business on the 15th day of the immediately preceding
<br /> month.
<br /> The Bonds will mature February 1 in the years and amounts as follows:
<br /> 1998 $40,000 2002 $50,000 2006 $65,000 2010 $80,000
<br /> 1999 $40,000 2003 $50,000 2007 $65,000 2011 $85,000
<br /> 2000 $45,000 2004 $55,000 2008 $70,000
<br /> 2001 $45,000 2005 $60,000 2009 $75,000
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