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Springsted Incorporated <br /> 380 Jackson Street, Suite 300 <br /> Springsted Saint Paul,MN 55101-2887 <br /> Tel: 651-223-3000 <br /> Fax: 651-223-3046 <br /> Email: bond_services @springsted.com <br /> www.springsted.com <br /> NOTICE TO BIDDERS <br /> $2,125,000* <br /> City of Elk River, Minnesota <br /> Electric Revenue Refunding Bonds, Series 2014A <br /> (Book Entry Only) <br /> The City of Elk River, Minnesota is issuing the Bonds (as defined herein) for debt service <br /> savings. If an adequate level of savings is not achieved through the competitive proposals <br /> received on Tuesday, February 11, 2014, the Elk River Municipal Utilities Commission may <br /> (i) adjust the size of the Bonds; or (ii) reject all proposals for the Bonds at their meeting that <br /> afternoon. <br /> January 27, 2014 <br /> Public Sector Advisors <br /> 73 <br /> • <br />