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10-03-05
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10-03-05
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1/12/2009 8:24:55 AM
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10/27/2005 3:18:23 PM
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City Council
City Council - Type
CC Packets
Date
10/27/2005
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<br />EXHIBIT A <br /> <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 /> <br />TERMS OF PROPOSAL <br /> <br />$4,895,000* <br /> <br />CITY OF HASTINGS, MINNESOTA <br /> <br />GENERAL OBLIGATION IMPROVEMENT AND REFUNDING BONDS, SERIES <br />2005A <br /> <br />(BOOK ENTRY ONLY) <br /> <br />Proposals for the Bonds will be received on Monday, November 7, 2005, until 12:00 Noon, <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 Bonds will be by the City Council at 7:00 P.M., Central Time, ofthe same day. <br /> <br />SUBMISSION OF PROPOSALS <br /> <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 /> <br />(a) Sealed Biddin1!. Proposals may be submitted in a sealed envelope or by <br />fax (651) 223-3046 to Springsted. Signed Proposals, without final price or <br />coupons, may be submitted to Springsted prior to the time of sale. The bidder <br />shall be responsible for submitting to Springsted the final Proposal price and <br />coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in the <br />submitted Proposal. <br /> <br />OR <br /> <br />(b) EIe.ctronic Bidd~. Notice is hereby given that electronic proposals will <br />be received via PARIT . For purposes of the electronic bidding process, the <br />time as maintained by P ARITY@ shall constitute the official time with respect to <br />all Bids submitted to P ARITY@. Each bidder shall be solely responsible for <br />making necessary arrangements to access P ARlTY@ for purposes of submitting its <br />electronic Bid in a timely manner and in compliance with the requirements of the <br />Terms of Proposal. Neither the City, its agents nor P ARITY@ shall have any duty <br />or obligation to undertake registration to bid for any prospective bidder or to <br />provide or ensure electronic access to any qualified prospective bidder, and <br />neither the City, its agents nor P ARITY@ shall be responsible for a bidder's failure <br /> <br />1819087vl <br /> <br />A-I <br />
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