My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
ERMU RES 18-9
ElkRiver
>
City Government
>
Boards and Commissions
>
Utilities Commission
>
Resolutions
>
2018
>
ERMU RES 18-9
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/11/2018 11:25:34 AM
Creation date
7/11/2018 11:25:33 AM
Metadata
Fields
Template:
City Government
type
ERMUR
date
7/10/2018
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A <br /> THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS <br /> ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS: <br /> TERMS OF PROPOSAL <br /> $10,000,000* <br /> CITY OF ELK RIVER,MINNESOTA <br /> ELECTRIC REVENUE BONDS, SERIES 2018A <br /> (BOOK ENTRY ONLY) <br /> Proposals for the above-referenced obligations (the"Bonds")will be received on Wednesday, August 29, <br /> 2018, (the "Sale Date") until 9:30 A.M., Central Time at the offices of Springsted Incorporated <br /> ("Springsted"), 380 Jackson Street, Suite 300, Saint Paul, Minnesota, 55101, after which time proposals <br /> will be opened and tabulated. Consideration for award of the Bonds will be by the Elk River Municipal <br /> Utilities Commission (the "Commission") at its meeting commencing at 3:00 P.M., Central Time, of the <br /> same day. <br /> SUBMISSION OF PROPOSALS <br /> Springsted will assume no liability for the inability of a bidder to reach Springsted prior to the time of sale <br /> specified above. All bidders are advised that each proposal shall be deemed to constitute a contract <br /> between the bidder and the City of Elk River,Minnesota(the"City") and the Commission to purchase the <br /> Bonds 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 to <br /> Springsted. 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 and <br /> coupons, by telephone(651)223-3000 or fax(651)223-3046 for inclusion in the submitted proposal. <br /> OR <br /> (b) Electronic Bidding. Notice is hereby given that electronic proposals will be received via PARITY®. <br /> For purposes of the electronic bidding process, the time as maintained by PARITY® shall constitute the <br /> official time with respect to all proposals submitted to PARITY®. Each bidder shall be solely responsible <br /> for making necessary arrangements to access PARITY®for purposes of submitting its electronic proposal <br /> in a timely manner and in compliance with the requirements of the Terms of Proposal. Neither the City, <br /> Commission, its agents, nor PARITY® shall have any duty or obligation to undertake registration to bid <br /> for any prospective bidder or to provide or ensure electronic access to any qualified prospective bidder, <br /> and neither the City,the Commission, its agents, nor PARITY® shall be responsible for a bidder's failure <br /> to register to bid or for any failure in the proper operation of, or have any liability for any delays or <br /> interruptions of or any damages caused by the services of PARITY®. The City is using the services of <br /> PARITY® solely as a communication mechanism to conduct the electronic bidding for the Bonds, and <br /> PARITY®is not an agent of the City or the Commission. <br /> * Preliminary;subject to change. <br /> A-1 <br /> 529084v1 JSB EL185-55 <br />
The URL can be used to link to this page
Your browser does not support the video tag.