OFFICIAL NOTICE OF SALE $______,000 * Central Washington University System Revenue Bonds, Series 2018 NOTICE IS HEREBY GIVEN that electronic bids will be received by Central Washington University (the “University”), for purchase of the above described bonds (the “Series 2018 Bonds”) at 8:30 a.m. Pacific Time on _____, 2018. or such other day or time and under such other terms and conditions as may be established by the University and communicated as described under “Modification; Cancellation; Postponement.” Bids must be submitted electronically via the Qualified Electronic Bid Provider in accordance with this Official Notice of Sale. The University has designated PARITY ® as the Qualified Electronic Bid Provider for purposes of receiving electronic bids for the Series 2018 Bonds. Electronic bids will be received via PARITY ® until the time and date of sale, and no bid will be accepted after that time. For further information about PARITY ® including any fees charged, potential bidders may contact PARITY ® at (212) 849-5021. By designating a bidding service as a Qualified Electronic Bid Provider, the University does not endorse the use of such bidding service. See “BIDDING INFORMATION AND AWARD—Submission of Bids” below. All bids properly received will be considered and acted on by the University by [4:30 p.m. Pacific Time] on the sale date. Bidders are referred to the Preliminary Official Statement for additional information regarding the University, the Series 2018 Bonds, the security therefor, and other matters. Modification; Cancellation; Postponement. Bidders are advised that the University may modify the terms of this Official Notice of Sale prior to the time set for the receipt of bids. Any such modifications will be provided to the Qualified Electronic Bid Provider and i-Deal Prospectus on or prior to the time bids are due. In addition, the University may cancel or postpone the date and time for the receipt of bids for the Series 2018 Bonds at any time prior to the time bids are due. Notice of such cancellation or postponement will be communicated to the Qualified Electronic Bid Provider and i-Deal Prospectus as soon as practical following such cancellation or postponement. If a postponement occurs, bids will be received at the time and in the manner the University will determine. As an accommodation to bidders, telephonic, or electronic notice of any amendment or modification of this Official Notice of Sale will be given to any bidder requesting such notice from the University’s Finanical Advisor, PFM Financial Advisors LLC, telephone: (206) 858-5363 or e-mail at: sea-advisors@pfm.com. Failure of any bidder to receive such notice by telephone, the Qualified Electronic Bid Provider or i-Deal Prospectus will not affect the legality of the sale. Each bidder (and not the University or its Financial Advisor) is responsible for the timely delivery of its bid. The official time will be determined by the University and not by any bidder or Qualified Electronic Bid Provider. Description of the Series 2018 Bonds Bond Details. Each Bond will be dated its date of initial delivery. The Series 2018 Bonds will bear interest payable semiannually on each May 1 and November 1, beginning November 1, 2018, to maturity or earlier redemption. Principal will be payable on the dates and in the amounts shown below, except as may be adjusted as described herein. Due Due April 1 (1) Amount (1) April 1 (1) Amount (1) The Series 2018 Bonds will be sold on an all-or-none basis. Bids must be submitted electronically as described below.
(1) Preliminary; subject to adjustment by the University as provided in this Official Notice of Sale. These amounts will represent serial maturities unless term bonds are specified, by the successful bidder, as described in this Official Notice of Sale, in which case these amounts will represent mandatory redemption amounts of term bonds. See “Redemption Provisions — Mandatory Redemption” below.
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