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<br />EXIllBIT A <br /> <br />TERMS OF PROPOSAL <br /> <br />$360,000 <br /> <br />CITY OF HASTINGS, MINNESOTA <br />GENERAL OBLIGATION EQUIPMENT CERTIFICATES OF INDEBTEDNESS, <br />SERIES 2007C <br /> <br />(BOOK ENTRY ONLY) <br /> <br />Proposals for the Certificates will be received on Monday, November 5,2007, until 11:00 A.M., <br />Central Time, at the offices of Springsted Incorporated, 380 Jackson Street, Suite 300, Saint <br />Paul, Minnesota, after which time they will be opened and tabulated. Consideration for award of <br />the Certificates will be by the City Council at 7:00 P.M., Central Time, ofthe same day. <br /> <br />SUBMISSION OF PROPOSALS <br /> <br />Proposals may be submitted in a sealed envelope or by fax (651) 223-3046 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 price <br />and coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in the submitted <br />Proposal. Springsted will assume no liability for the inability of the bidder to reach Springsted <br />prior to the time of sale specified above. All bidders are advised that each Proposal shall be <br />deemed to constitute a contract between the bidder and the City to purchase the Certificates <br />regardless of the manner in which the Proposal is submitted. <br /> <br />DETAILS OF THE CERTIFICATES <br /> <br />The Certificates will be dated November 15, 2007, as the date of original issue, and will bear <br />interest payable on February 1 and August 1 of each year, commencing August 1,2008. Interest <br />will be computed on the basis of a 360-day year of twelve 30-day months. <br /> <br />The Certificates will mature February 1 in the years and amounts as follows: <br /> <br />2009 <br />2010 <br /> <br />$65,000 <br />$70,000 <br /> <br />2011 <br />2012 <br /> <br />$70,000 <br />$75,000 <br /> <br />2013 <br /> <br />$80,000 <br /> <br />Proposals for the Certificates may contain a maturity schedule providing for a combination of <br />serial bonds and term bonds. All term bonds shall be subject to mandatory sinking fund <br />redemption at a price of par plus accrued interest to the date of redemption and must conform to <br />the maturity schedule set forth above. In order to designate term bonds, the proposal must <br />specify "Years of Term Maturities" in the spaces provided on the Proposal Form. <br /> <br />2085751 vI <br /> <br />A-I <br />