00033398 —

Oct 16-10:45
Listing Began:

Description

Seller's Comments and Description:

$320,000,000*

MONTGOMERY COUNTY, MARYLAND

General Obligation Bonds

Consolidated Public Improvement Bonds of 2019, Series A

NOTICE IS HEREBY GIVEN that Montgomery County, Maryland (the “County”) will receive bids via the BiDCOMP/Parity Competitive Bidding System for its $320,000,000* Consolidated Public Improvement Bonds of 2019, Series A (the “Bonds”) as follows:

Bid Date: Thursday, October 24, 2019

Bid Time: 10:00 a.m. Prevailing Eastern Time

Electronic Bids: BiDCOMP/Parity Competitive

Bidding System

Good Faith Deposit: $3,200,000*

The Bonds will be issued in fully registered form in denominations of $5,000 each or any integral multiple thereof. The Bonds will be issued in book-entry only form through the book-entry system operated by The Depository Trust Company, New York, New York. The Bonds will be dated the date of delivery, that is expected to be November 7, 2019, and bear interest from such date payable semiannually on the months and days determined therefor in an order of the County Executive of the County (the “County Executive”) (or the Chief Administrative Officer of the County (the “Chief Administrative Officer”), acting in the capacity of the County Executive) until maturity or earlier redemption and as set forth in the Official Notice of Sale. The Bonds will mature on the month and day in the years and principal amounts determined in an order of the County Executive (or the Chief Administrative Officer, acting in the capacity of the County Executive). The County will not consider bids for less than all of the Bonds. The winning bidder or bidders will be required to submit the good faith deposit indicated above in accordance with the Official Notice of Sale.

The Bonds will be subject to redemption prior to maturity at par, as provided in the Preliminary Official Statement for the Bonds.

This announcement does not constitute a solicitation of bids to purchase the Bonds. The sale of the Bonds shall be made exclusively pursuant to the terms of the Official Notice of Sale. The Preliminary Official Statement and the Official Notice of Sale relating to the Bonds contain more detailed information regarding the Bonds and the sale thereof. Copies of the Preliminary Official Statement and the Official Notice of Sale may be obtained at http://bonds.montgomerycountymd.gov and http://idealprospectus.com. Questions may be directed to the undersigned at 101 Monroe Street, 15th Floor, Rockville, Maryland 20850, telephone 240-777-8860.

*Preliminary, subject to change.

MONTGOMERY COUNTY, MARYLAND

By: /s/ Michael J. Coveyou

Acting Director, Department of Finance

October 11, 18, 2019

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