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THE CITY HA~ AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS
<br />ISSUE ON ITS BEHALF, PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS:
<br />
<br /> TERMS OF PROPOSAL
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<br /> $2,600,000
<br /> CITY OF RAMSEY, MINNESOTA
<br /> GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1995A
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<br /> (BOOK ENTRY ONLY)
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<br />Proposals for th~ Bonds will be received on Tuesday, March 21, 1995, until 11:00 A.M., Central
<br />Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul,
<br />Minnesota, after iwhich time they will be opened and tabulated. Consideration for award of the
<br />Bonds will be by ~he City Council at 7:00 P.M., Central Time, of the same day.
<br />
<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. TI're bidder shall be responsible for submitting to Springsted the final Proposal
<br />price and coupo.~s, 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 in ~ccordance with PARITY Rules of and the Terms of
<br /> PARITY,
<br /> Participation
<br /> Proposal,
<br />within a one-hou{ 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, tl~e Terms of Proposal shall control. The normal fee for use of PARITY may be
<br />obtained from PA, RITY 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, Bellevbe, 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 ~ach 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 />
<br />DETAILS OF THE BONDS
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<br />The Bonds will bY 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 August 1, 1995. Interest will
<br />be computed on tl'ie basis of a 360-day year of twelve 30-day months.
<br />
<br />The Bonds will m~ure February linthe years and amounts asfollows:
<br />
<br />1996 $ 95,000 i 2000 $105,000 200~'$200',000
<br />1997 $ 90,000 2001 $110,000 2005 $210,000
<br />1998 $ 95,000 2002 $180,000 2006 $220,000
<br />1999 $100,000 2003 $185,000 2007 $230,000
<br />
<br />2OO8 $245,000
<br />2009 $260,000
<br />2010 $275,000
<br />
<br />BOOK ENTRY SYSTEM
<br />
<br />The Bonds will beI issued by means of a book entry system with no physical distribution of
<br />Bonds made to th~ public. The Bonds will be issued in fully registered form and one Bond,
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