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2004.04.19 RESO 2004-0018
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2004.04.19 RESO 2004-0018
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City Council
Document Type
Resolutions
Meeting Date
4/19/2004
Meeting Type
Regular
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EXHIBIT A <br />THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE <br />THIS ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE <br />FOLLOWING BASIS: <br />TERMS OF PROPOSAL <br />$2,560,000 <br />CITY OF HUGO, MINNESOTA <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS, <br />SERIES 2004A <br />(BOOK ENTRY ONLY) <br />Proposals for the Bonds will be received on Monday, June 7, 2004, until 12:00 Noon, Central <br />Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, <br />Minnesota, after which time they will be opened and tabulated. Consideration for award of the <br />Bonds will be by the City Council at 7:00 P.M., Central Time, of the same day. <br />SUBMISSION OF PROPOSALS <br />Springsted will assume no liability for the inability of the bidder to reach Springsted prior to the <br />time of sale specified above. All bidders are advised that each Proposal shall be deemed to <br />constitute a contract between the bidder and the City to purchase the Bonds regardless of the <br />manner in which the Proposal is submitted. <br />(a) Sealed Biddinr. Proposals may be submitted in a sealed envelope or by fax (651) 223-3046 <br />to Springsted. Signed Proposals, without final price or coupons, may be submitted to Springsted <br />prior to the time of sale. The bidder shall be responsible for submitting to Springsted the final <br />Proposal price and coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in <br />the submitted Proposal. <br />OR <br />(b) Electronic Bidding, Notice is hereby given that electronic proposals will be received via <br />PARITY'. For purposes of the electronic bidding process, the time as maintained by PARITY' <br />shall constitute the official time with respect to all Bids submitted to PARITY'. Each bidder <br />shall be solely responsible for making necessary arrangements to access PARITY® for purposes <br />of submitting its electronic Bid in a timely manner and in compliance with the requirements of <br />the Terms of Proposal. Neither the City, its agents nor PARITY® shall have any duty or <br />obligation to undertake registration to bid for any prospective bidder or to provide or ensure <br />electronic access to any qualified prospective bidder, and neither the City, its agents nor <br />PARITY' shall be responsible for a bidder's failure to register to bid or for any failure in the <br />1637436v1 A-1 <br />
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