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EXHIBIT A <br /> THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS <br /> ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING <br /> BASIS: <br /> TERMS OF PROPOSAL <br /> $10,000,000* <br /> CITY OF ELK RIVER, MINNESOTA <br /> ELECTRIC REVENUE BONDS, SERIES 2016A <br /> (BOOK ENTRY ONLY) <br /> Proposals for the Series 2016A Bonds will be received on Tuesday, June 14, 2016, until 10:00 <br /> A.M., Central Time, at the offices of Springsted Incorporated, 380 Jackson Street, Suite 300, <br /> Saint Paul, Minnesota, after which time proposals will be opened and tabulated. Consideration <br /> for award of the Series 2016A Bonds will be by the Elk River Municipal Utilities Commission <br /> (the "Commission") at 3:30 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 Series 2016A Bonds <br /> regardless of the manner in which the proposal is submitted. <br /> (a) Sealed Bidding_ 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 proposals submitted to PARITY®. Each <br /> bidder shall be solely responsible for making necessary arrangements to access PARITY® for <br /> purposes of submitting its electronic proposal in a timely manner and in compliance with the <br /> requirements of the Terms of Proposal. Neither the City, its agents nor PARITY® shall have any <br /> duty or Series 2016A Bond to undertake registration to bid for any prospective bidder or to <br /> provide or ensure electronic access to any qualified prospective bidder, and neither the City, its <br /> agents nor PARITY® shall be responsible for a bidder's failure to register to bid or for any <br /> A-1 <br /> 479050vI JSB EL185-41 <br />