SUMMARY NOTICE OF BOND SALE $9,200,000 ALLEGANY COUNTY, MARYLAND GENERAL OBLIGATION BONDS EDUCATIONAL FACILITIES BONDS OF 2014 NOTICE IS HEREBY GIVEN that County Commissioners of Allegany County, Maryland (the County) will receive electronic bids via PARITY for the $9,200,000 Educational Facilities Bonds of 2014 (the Bonds) until 11:00 A.M. local Cumberland, Maryland time on: Tuesday, December 2, 2014 or on such other date as may be selected by the County. The Bonds will be dated the date of delivery and will mature, subject to prior redemption as therein provided, in annual serial installments on July 15 in each of the years 2015 through 2034, as more fully described in the Notice of Sale. No bid for less than all of the Bonds will be considered. The Bonds will be awarded based on the lowest interest cost to the County, determined in accordance with the true interest cost (TIC) method. All bids must be accompanied by a good faith deposit in the amount of $92,000.00, payable to County Commissioners of Allegany County by wire transfer received prior to 3:00 P.M. local Cumberland, Maryland time on the date of the receipt of the bids or by a certified check upon, or a cashiers or treasurers or official check of, a responsible banking institution, payable to County Commissioners of Allegany County and delivered to the County prior to 11:00 A.M. local Cumberland, Maryland on the date of the sale. Copies of the Preliminary Official Statement and the Notice of Sale relating to the Bonds may be obtained from the office of the Director of Finance, 701 Kelly Road, Suite 205, Cumberland, Maryland 21502-3401 or from the Countys financial advisor, A. Samuel Ketterman at Davenport & Company LLC, Suite 324, 8600 LaSalle Road, Towson, Maryland, 21286 (410) 296-9426.
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