Tab 03 Official Bid FormOFFICIAL BED FOR
$4,9520,000
CITY OF KALISPELL, MONTANA
SPECIAL IMPROVEMENT DISTRICT NO. 344 BONDS, SERIES .2006
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City Comnussion
City of Kalispell,, Montana
312 1@5t Avenue East
P . 0. Box 1997
Kalispell, Montana 59903
Pursuant to the provisions contained in the Notice of Bond Sale dated April 3,2006, (the"Notice of Sal ei")
for the purchase of $4,520,000 pn*ncipal amount of your City of Kalispell, Montana, Special Improvement
District No. 344 Bonds, S efies 2006 (the "Bonds"), we hereby offer to purchase all of the Bond's fromyou at
the price of $ which amount is not less than $4,429,600 (98.0%)(for"a discount of
$90,400). plus accrued interest ;� if any, plus a preniium. of $ the Bonds to bear
interest at the rates set forth opposite the years and amounts as follows:
Principal Interest Principal Interest
Year Amount Rate Year Amount Rate
2007 $225�Mo .3476) % 2017 $225��000 0 %
2008 225�1000 :3,90 % 2018 225.1000 -70 %
2009 2251P000 *a 93!�; % 2019 2253000 %
2010 22500 ?Z. 2!� _% 2020 225;�000 0
2011 22500 (1,00 % 2021 225:0000 %
2012 225��000 /0 % 2022 2252000 %
2013 225;000 ;L0 % 2023 23011000 5, L 0 %
2014 2251000 % 2024 2302000 �7, / 0 %
% 2025 2302000 !;,1/V %
2015 22500 1 V 1(
2016 225;000 150 % 2026 2301000 r 0/0
Designation of Term Maturities-. -(Years included 'in Term Maturities if
The following is subrUitted , not as part of this bid, but for informational purposes, and is subject to
verification pn*or to award:
Total interest from June 15,, 2006 to maturity ....... $ _35;2v 53
Plus discount, if any ............................................................ $ 90,
Less prerm'urn, if any ........................................................... $
*0 owe. 4.0
Total Dollar Interest Cost
True Interest Cost ("TIC') ................................................... 9 9 Zoo %
Bidders have the option of combining the Bonds maturing on and after 2007 tbrough and including 2013 and on and after 2014
duough and micluding 2026 into one or more term bonds as descn*bed in the Notice of Sale.
Enclosed herewith is -a good faith deposit in the fonn of lawful money of the United States, cashier's check,,
certified check, bank money order or a'bank draft drawn and issued by a federally chartered or state
chartered bank insured by the Federal Deposit ' Insurance Corporation or a financial surety bond in the
amount of $90,2400 payable to the order of the "City of Kalispell, Montana7to be held and disposed of by
Wed in the Notice of Sale. in
you as provi This bid must be accepted in'ts -entirety with* the time provided in
the Notice of Sale and if not'so accepted by you within such time shall be deemed to' have been rejected.
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This bid shall remain irrevocable -until the expiration of such time unless sooner rejected by you.
Each of the Bidders listed below: (i) acknowledges receipt of the PrelirrAnary Official Statement dated
May 31, 2006 and the Notice of Sale. dated April 3. 2006 (ii) represents and warrants that it has full power
and authofity to make this bid and to purchase the Bonds if this bid is accepted; (iii) agrees that the validity
and *interpretation of this bid shall be governed by the laws of the State of Montana-, and (iv) acknowledges
that bids may be transrnitted electronically through ParityTm in accordance with the ternis and conditions of
the Notice of Sale and that to the extent any instruction or directions set forth in ParityTm conflict with the
Terms and Conditions of Sale, the ternis of the Terms and Conditions of Sale shall control. In the event the
Bidders are actingthrough a Representative(s�, each of the undersigned Representative(s) warrants that it
has the necessary power and authon-ty to act on behalf of each of the Bidders.
Respectfully subm:itted this 13'b day of June, 2006,
BIDDER:
BY:
As Representative(s) of the persons, firms and/or corporations named below:
SELLING GROUP/ lAr
SYNDICATE: I - 3.
2.
4.
Acce and on behalf of the City of Kalispell, Montana as'of June 13, 2006-0
BY. ATTEST.
Vam__�Ia B. Kerin Mayor Tb�eresa White,, Crty Clerk