Tab 14 Official Bid FormI- ivil I U a I i Uo ns L/[IV IUOVII QX VVa
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August'. )1, 1995
City Cotmoil Members
City Hall
Kabspell, MT
Ladies and Gentlenien.,
Wft� All
Davi &on ex Ca
m6c.mmr SIPC Al :ADCO ccl-110171
Fixed-Inoome Department
Davidson Builcfing
8 Third St. No.
P.O. E30X 5015
Gr!aat Faft, MT 59403
(40f>) 771-4360
1-800-3m-5915
FAX (406) 791-7315
For $100,000 par value of legafly issued and properly executed boiids of Special Improvement District
No . 3 41 Bond s, Series 1995, (" the Issue ") as more ful1v described M' the Official Notice of Sale., which
NotiCe of Sale 'i's hereby made a part of this Proposal, we will pay you $97,000, plus a total premium
of $ ' -� and accrued interest from the date of the Bonds to the date of deliveiy to us in Kalispell,
Monit7wa%na 71for bonds maturing July 1, 1997/2011 and dated September 1. 1995.
The first interest paytnent wiU be due and payable January 1, 1997. Interest will be due and payable
semi-amually each January 1 and July 1, thereafter. Bonds wiff b= interest as follows:
Principal
Principal
InSwIment
Inst2llment
No.
Ainount
Year
Rate
NOh
Amount,
Rate.
1
$15".000
1997
414 9,c'
9
$5tOOO
2005
17
51000
1998
Al
10
5.000
2006
6;�D
000
1999
11-12
10,000
2007
4
5.000
2000
13-14
10,000
2008
5
5. .Mo
2001
15-16
10 000
2009
6
:000
2002
JO
17-18
10,000
2010
7
5.000
2003
19-20
10'.000
2011
6,C2 0
8
5X0
2004
ts';�
The net effective interest rate based upon the above van7ing rates, the maturity schedule as set forth
Pursuant to the Notice of Sale and purchase pn'ce of $97,000 of par value is L �L45- % -
ities, you agree to farnish a certified transcript of legal
Prior to our accepting delivery of said Secur' *
proceedings requisire to their issuance and delivrery including proceedinas- required for the creation
of said Issue, and for the ex-ecution of a contract and surety bonds M* the full amount of such contiact.
assurma the completion of the improvements to be financed by the Bonds in accordance writh the olans
and specifications and at a cost Uicludnig all 'incidental costs., not exceed' ly the princ' al amount of
M IP
the, Bonds in and includm'cr asi,,.aanaturtn; and non-fitiaation rerdficates in the oustomaiy fon-n to the effect
that there is no pendm'g or threatened litigation involving Oie Issue.
tj�d .4
X
Men-lbers of the City Council Page two of two
Thi%s Proposal 'i's made subject to the unqualified approving legal opinion of bond attomeys to be
des4gnated by *us, as to the legality of the Bonds. as to the interesst being free from
Federal and State
of MO-ntana mcome taxcs, and subject to the establishment by the City 'in said proceedings., the
opirlion of said attomeys, to the maximum security for the 13ondswhich is perrnitted by the proNriSjOW
of Title 7., Chapter 12, Part 21, Montana Code Annotated, as amended. Said maXl"MUM Secun'ty is to
include the adoption of a Resolution by the City agreem"g to make grocd any deficiency in the principal
and interest account to the extent funds are available to provide ftnds for such Revolving Fund
by makiner a = levy and loan as is necessary to cause such payment. The City hereby agrees to
mammin the Revolving Fund in an amount equal to no less than 5.00% of aff outstanding Special
Y"-t%rovement District Bonds of the City, so long as any Bonds of this 'issue are outstanding.
The Bonds are to be delivered to us on September 21, 1995 or thereafter at our option.
The cost of printing these Bonds and the fees of the approvnig attorneys will be Paid bv the City of
Kaiispell*
We herewith hand you our Good Faith Check for $2,,000.00 as evidence of our Good Faith in
complying with the terms and conditions of this Proposal which is to apply as partpayment for said
to rfe '
bonds when the legality or security of same has been approved by our attorneys, and be fo ited
as fuffy liquidated damages should we fail or refuse to take up said Bonds as above provided. Said
check is to be returned to us if this Proposal I's not accepted, or if the above attorneys should decline
to approve the legality or security of this ique. This offer is for immediate acceptance,
Respectfully submitted,
D. A, Davidson & Co.
�ohn H. Easley I
Vice President
a
Accepted for and on behalf of the City of Kalispell, Montana pursuant to authon"zation by 'its covemmg
IV
body recei t of the abovt-nientioned check- I's hereby ackmowledged on this 2 1 st day of Aug. ust,, 1995,
1P
Mayor D rector of Fimnce