NO­TICE OF BOND SALE

$2,895,000* RIDGE ROAD FIRE DISTRICT IN THE TOWN OF GREECE, MON­ROE COUNTY, NEW YORK PUB­LIC IM­PROVE­MENT (SE­RIAL) BONDS, 2017 (BANK QUAL­I­FIED) (BOOK EN­TRY ONLY)

The Bond Buyer - - Competitive Sales Notices - Richard C. Frisi­cano, District Trea­surer Ridge Road Fire District

SEALED BIDS, faxed pro­pos­als or, at the op­tion of bid­ders, pro­pos­als de­liv­ered via Ipreo’s Par­ity elec­tronic bid sub­mis­sion sys­tem (“Par­ity”), will be re­ceived by Richard C. Frisi­cano, District Trea­surer of the Ridge Road Fire District in the Town of Greece, Mon­roe County, New York (the “Fire District”) at the of­fices of Mu­nic­i­pal So­lu­tions, Inc., 2528 State Route 21, Canandaigua, New York 14424 (the “Fi­nan­cial Ad­vi­sor”) (tel: (585) 394-4090; fac­sim­ile num­ber: (585) 394-4092) at 11:30 o’clock a.m. (Pre­vail­ing Time) on Thurs­day, Septem­ber 21, 2017 at which time they will be pub­licly an­nounced, for the pur­chase in Fed­eral Funds of the fol­low­ing is­sue of Pub­lic Im­prove­ment (Se­rial) Bonds, 2017 of the Fire District (the “Bonds”), to be dated the date of de­liv­ery thereof, bear­ing in­ter­est from the date of the Bonds, payable April 1, 2018, Oc­to­ber 1, 2018 and semi­an­nu­ally there­after on April 1 and Oc­to­ber 1. Such in­ter­est will be payable to the reg­is­tered own­ers of the Bonds as shown on the regis­tra­tion books of the Fire District as of the close of busi­ness on the Record Date, be­ing the fif­teenth day of the cal­en­dar month pre­ced­ing each in­ter­est pay­ment date. The Bonds will be payable in an­nual in­stall­ments on Oc­to­ber 1, in the fol­low­ing years and amounts:

* The ag­gre­gate prin­ci­pal amount of the Bonds, the pur­chase price thereof and the prin­ci­pal amounts of the in­stall­ments listed in the ta­ble above are sub­ject to change depend­ing upon the ac­tual in­ter­est rates bid and the suc­cess­ful bid­der’s ini­tial re­of­fer­ing yields, in or­der to (i) meet the re­quire­ments of sub­stan­tially level or de­clin­ing an­nual debt ser­vice in ac­cor­dance with the New York Lo­cal Fi­nance Law, and (ii) en­sure the Bonds com­ply with ap­pli­ca­ble Fed­eral tax law pro­vi­sions re­gard­ing overis­suance. Ac­cord­ingly, the Fire District re­serves the right, af­ter se­lect­ing the low­est bid­der, to de­crease the size of the is­sue and/or ad­just the ma­tu­rity amounts of the Bonds to the ex­tent nec­es­sary to sat­isfy such re­quire­ments. The suc­cess­ful bid­der may nei­ther with­draw nor mod­ify its bid as a re­sult of any such post-bid ad­just­ment. Any such ad­just­ment shall be con­clu­sive, shall be promptly com­mu­ni­cated to the suc­cess­ful bid­der, and shall be bind­ing upon the suc­cess­ful bid­der. The Bonds of each ma­tu­rity, as ad­justed, will bear in­ter­est at the same in­ter­est rate as spec­i­fied for that ma­tu­rity in the Pro­posal for Bonds sub­mit­ted by the suc­cess­ful bid­der for the Bonds, and must have the same ini­tial re­of­fer­ing yields as there­after spec­i­fied by such bid­der. Notwith­stand­ing any post-bid ad­just­ment, and pro­vided the Fire District will re­ceive at the time of de­liv­ery of such Bonds an amount which, to­gether with the amount of the good faith de­posit thereto­fore re­ceived, is at least equal to the par amount (as the same may have been ad­justed) of the Bonds, the Fire District will hold con­stant, on a per Bond ba­sis, the suc­cess­ful bid­der’s un­der­writ­ing spread with re­spect to such Bonds. How­ever, the award shall be made to the bid­der whose bid pro­duces the low­est net in­ter­est cost rate solely on the ba­sis of the Bonds of­fered, with­out tak­ing into ac­count any ad­just­ment in the amount of the Bonds pur­suant to this para­graph.

The Bonds will be is­sued pur­suant to the Con­sti­tu­tion and statutes of the State of New York, in­clud­ing, among oth­ers, the Town Law, the Lo­cal Fi­nance Law and bond res­o­lu­tions dated Oc­to­ber 16, 2012, April 11, 2013 and May 3, 2016, adopted by the Board of Fire Com­mis­sion­ers of the Fire District for the pur­pose of fi­nanc­ing the re­spec­tive pub­lic pur­poses and in the re­spec­tive amounts for each such pur­pose as de­scribed in the Of­fi­cial State­ment cir­cu­lated in con­nec­tion with the sale of the Bonds (the “Of­fi­cial State­ment”). See “THE BONDS-Autho­riza­tions and Pur­poses” in the Of­fi­cial State­ment.

The Bonds maturing on or be­fore Oc­to­ber 1, 2025 will not be sub­ject to re­demp­tion. The Bonds maturing on or af­ter Oc­to­ber 1, 2026 will be sub­ject to re­demp­tion prior to ma­tu­rity as a whole or in part, and if in part, in any or­der of their ma­tu­rity and in any amount within a ma­tu­rity (in de­nom­i­na­tions of $5,000 or any in­te­gral mul­ti­ple thereof), at the op­tion of the Fire District on Oc­to­ber 1, 2025 or on any date there­after at par (100%), plus ac­crued in­ter­est to the date of re­demp­tion. No­tice of the call for such re­demp­tion shall be given by mail­ing such no­tice to the reg­is­tered own­ers thereof not more than sixty (60) days nor less than thirty (30) days prior to the des­ig­nated re­demp­tion date. No­tice of re­demp­tion hav­ing been given as afore­said, the Bonds so called for re­demp­tion shall, on the date for re­demp­tion set forth in such no­tice of re­demp­tion, be­come due and payable, to­gether with in­ter­est to such re­demp­tion date. In­ter­est shall cease to be paid thereon af­ter such re­demp­tion date. If less than all of the Bonds of any ma­tu­rity are to be re­deemed, the par­tic­u­lar Bonds of such ma­tu­rity to be re­deemed shall be se­lected by lot in any cus­tom­ary man­ner of se­lec­tion as de­ter­mined by the Trea­surer of the Fire District.

The Bonds will be is­sued in reg­is­tered form by means of a book-en­try sys­tem with no phys­i­cal dis­tri­bu­tion of bond cer­tifi­cates made to the pub­lic. One bond cer­tifi­cate for each ma­tu­rity will be is­sued to The De­pos­i­tory Trust Com­pany, New York, New York (“DTC”) and im­mo­bi­lized in its cus­tody. The book-en­try sys­tem will ev­i­dence own­er­ship of the Bonds in the prin­ci­pal amount of $5,000 or any in­te­gral mul­ti­ple thereof for any sin­gle ma­tu­rity, with trans­fers of own­er­ship ef­fected on the records of DTC and its par­tic­i­pants pur­suant to rules and pro­ce­dures es­tab­lished by DTC and its par­tic­i­pants. The suc­cess­ful bid­der, as a con­di­tion to de­liv­ery of the Bonds shall be re­quired to de­posit the bond cer­tifi­cates with DTC, reg­is­tered in the name of Cede & Co., its nom­i­nee. Prin­ci­pal of and in­ter­est on the Bonds will be payable to DTC or its nom­i­nee as reg­is­tered owner of the Bonds. Trans­fer of prin­ci­pal and in­ter­est to par­tic­i­pants of DTC will be the re­spon­si­bil­ity of such par­tic­i­pants and other nom­i­nees of ben­e­fi­cial own­ers. The Fire District will not be re­spon­si­ble or li­able for such trans­fers of pay­ments or for main­tain­ing, su­per­vis­ing or re­view­ing the records main­tained by DTC, its par­tic­i­pants or per­sons act­ing through such par­tic­i­pants.

In the event (a) DTC de­ter­mines not to con­tinue to act as se­cu­ri­ties de­pos­i­tory for the Bonds or (b) the Fire District de­ter­mines that con­tin­u­a­tion of the book-en­try sys­tem of ev­i­dence and trans­fer of own­er­ship of the Bonds would ad­versely af­fect the in­ter­ests of the ben­e­fi­cial own­ers of the Bonds, the Fire District will dis­con­tinue the book-en­try sys­tem with DTC. If the Fire District fails to iden­tify an­other qual­i­fied se­cu­ri­ties de­pos­i­tory to re­place DTC, the Fire District will de­liver re­place­ment Bonds in the form of fully reg­is­tered cer­tifi­cates (see “THE BONDS-Book-En­try-Only-Sys­tem” in the Of­fi­cial State­ment ac­com­pa­ny­ing this No­tice of Bond Sale).

THE FIRE DISTRICT RE­SERVES THE RIGHT TO CHANGE THE TIME AND/OR DATE FOR THE OPEN­ING OF THE BIDS. NO­TICE OF ANY SUCH CHANGE SHALL BE PRO­VIDED NOT LESS THAN ONE HOUR PRIOR TO THE TIME SET FORTH ABOVE FOR THE OPEN­ING OF BIDS BY MEANS OF A SUP­PLE­MEN­TAL NO­TICE OF BOND SALE TO BE TRANS­MIT­TED OVER TM3.

The Bonds WILL be des­ig­nated as “qual­i­fied tax-ex­empt obli­ga­tions” pur­suant to Sec­tion 265(b)(3) of the In­ter­nal Rev­enue Code of 1986, as amended (the “Code”).

Each bid must be for all of said $2,895,000 in Bonds and must state a mul­ti­ple of one-eighth of one per­cent or one-hun­dredth of one per­cent, the rate or rates per an­num at which the Bonds are to bear in­ter­est, and may state dif­fer­ent rates of in­ter­est for Bonds maturing in dif­fer­ent cal­en­dar years; pro­vided, how­ever, that (i) only one rate of in­ter­est may be bid for all Bonds maturing in any one cal­en­dar year, (ii) vari­a­tions in rates of in­ter­est so bid shall be in as­cend­ing pro­gres­sion in or­der of ma­tu­rity so that the rates of in­ter­est on the Bonds maturing in any par­tic­u­lar cal­en­dar year shall not be less than the rate of in­ter­est ap­pli­ca­ble to the Bonds maturing in any prior cal­en­dar year, and (iii) the max­i­mum dif­fer­ence be­tween the high­est and low­est rate of in­ter­est ap­pli­ca­ble to the Bonds may not ex­ceed three per­cent per an­num.

Un­less all bids are re­jected, the award will be made to the bid­der com­ply­ing with the terms of sale and of­fer­ing to pur­chase said Bonds at such rate or rates of in­ter­est which will pro­duce the low­est in­ter­est cost com­puted in ac­cor­dance with the net in­ter­est cost method of cal­cu­la­tion, that be­ing the rate or rates of in­ter­est which will pro­duce the least in­ter­est cost over the life of the Bonds, af­ter ac­count­ing for the pre­mium of­fered, if any. If two or more such bid­der’s of­fer to pur­chase the Bonds at the same net in­ter­est cost, com­puted as de­scribed above, the Bonds will be awarded to the bid­der whose bid of­fers to pur­chase the Bonds at the high­est pre­mium dol­lar amount. The right is re­served to re­ject any or all bids, and any bid not com­ply­ing with this No­tice of Bond Sale will be re­jected.

Each bid must ei­ther be re­ceived via fac­sim­ile trans­mis­sion at (585) 394-4092, or be sub­mit­ted elec­tron­i­cally via Par­ity. No other form of elec­tronic bid­ding ser­vice nor will tele­phone pro­pos­als be ac­cepted. No pro­posal will be ac­cepted af­ter the time for re­ceiv­ing pro­pos­als spec­i­fied above. Bid­ders sub­mit­ting pro­pos­als via fac­sim­ile must use the “Pro­posal for Bonds” form at­tached hereto. Once the pro­pos­als are com­mu­ni­cated elec­tron­i­cally via Par­ity or via fac­sim­ile to the Fire District, each bid will con­sti­tute an ir­rev­o­ca­ble of­fer to pur­chase the bonds pur­suant to the terms therein pro­vided.

Prospec­tive bid­ders wish­ing to sub­mit an elec­tronic bid via Par­ity must be con­tracted cus­tomers of Par­ity. Prospec­tive bid­ders who do not have a con­tract with Par­ity must call (212) 849-5021 to be­come a cus­tomer. By sub­mit­ting an elec­tronic bid for the bonds, a bid­der rep­re­sents and war­rants to the Fire District that such bid­der’s bid for the pur­pose of the bonds is sub­mit­ted for and on be­half of such prospec­tive bid­der by an of­fer or agent who is duly au­tho­rized to bind the bid­der to a le­gal, valid and en­force­able con­tract for the pur­chase of the bonds.

Each prospec­tive bid­der who wishes to sub­mit elec­tronic bids shall be solely re­spon­si­ble to reg­is­ter to bid via Par­ity. Each qual­i­fied prospec­tive bid­der shall be solely re­spon­si­ble to make nec­es­sary ar­range­ments to ac­cess Par­ity for pur­poses of sub­mit­ting its bid in a timely man­ner and in com­pli­ance with the re­quire­ments of this No­tice of Bond Sale. Nei­ther the Fire District nor Par­ity shall have any duty or obli­ga­tion to un­der­take such regis­tra­tion to bid for any prospec­tive bid­der or to pro­vide or as­sure such ac­cess to any qual­i­fied prospec­tive bid­der, and nei­ther the Fire District nor Par­ity shall be re­spon­si­ble for a bid­der’s fail­ure to reg­is­ter to bid or for proper op­er­a­tion of, or have any li­a­bil­ity for any de­lays or in­ter­rup­tions of, or any dam­ages caused by Par­ity. The Fire District is us­ing Par­ity as a com­mu­ni­ca­tions mech­a­nism, and not as the Fire District’s agent, to con­duct the elec­tronic bid­ding for the Fire District’s bonds. The Fire District is not bound by any ad­vice or de­ter­mi­na­tion of Par­ity as to whether any bid com­plies with the terms of this No­tice of Bond Sale. All costs and ex­penses in­curred by prospec­tive bid­ders in con­nec­tion with their regis­tra­tion and sub­mis­sion of bids via Par­ity are the sole re­spon­si­bil­ity of the bid­ders, and the Fire District is not re­spon­si­ble, di­rectly or indi­rectly, for any such costs or ex­penses. If a prospec­tive bid­der en­coun­ters any dif­fi­cult in reg­is­ter­ing to bid, or sub­mit­ting or mod­i­fy­ing a bid for the bonds, it should tele­phone Par­ity and no­tify the Fire District’s Fi­nan­cial Ad­vi­sor at (585) 394-4090 (pro­vided that the Fire District shall have no obli­ga­tion to take any ac­tion what­so­ever upon re­ceipt of such no­tice).

If any pro­vi­sions of this No­tice of Bond Sale shall con­flict with in­for­ma­tion pro­vided by Par­ity, as ap­proved provider of elec­tronic bid­ding ser­vices, the pro­vi­sions of this No­tice of Bond Sale shall con­trol. Fur­ther, in­for­ma­tion about Par­ity, in­clud­ing any fee charged, may be ob­tained from Par­ity at (212) 848-5021. The time main­tained by Par­ity shall con­sti­tute the of­fi­cial time with re­spect to all bids sub­mit­ted.

Each bid­der must, as a con­di­tion prece­dent to the con­sid­er­a­tion of its bid, pro­vide with its bid a cer­ti­fied or cashier’s check or a wire trans­fer in the amount of $14,475, as a good faith de­posit (the “De­posit”) to se­cure the Fire District against loss re­sult­ing from the fail­ure of the bid­der to com­ply with the terms of its bid. If a cer­ti­fied or cashier’s check is used, it must be drawn upon an in­cor­po­rated bank or trust com­pany lo­cated in the State, payable to the or­der of “Ridge Road Fire District” and be en­closed with the sealed bid, or if the bid is sub­mit­ted via fax or Par­ity in a sep­a­rate sealed en­ve­lope de­liv­ered to the Fire District at the ad­dress set forth above. The check de­posited by the bid­der to whom the Bonds are awarded will be re­tained by the Fire District and the amount thereof shall be ap­plied as pro­vided by law. If a wire trans­fer is used, it must be sent to the ac­count so des­ig­nated by the Fire District for such pur­pose, not later than 10:00 a.m. on the date of the sale; how­ever, the Fire District re­serves the right to award the Bonds to a suc­cess­ful bid­der whose wire trans­fer is ini­ti­ated but not re­ceived by such time pro­vided that such suc­cess­ful bid­der’s fed wire ref­er­ence num­ber has been re­ceived. A wire ref­er­ence num­ber must be pro­vided on the “Pro­posal for Bonds” when sub­mit­ted. Bid­ders must con­tact Mu­nic­i­pal So­lu­tions, Inc. (tel: (585) 394-4090) no later than 24 hours prior to the sale date to ob­tain the Fire District’s wire in­struc­tions. No in­ter­est will be al­lowed upon the amount of the De­posit made by the suc­cess­ful bid­der. The pur­chaser must pay ac­crued in­ter­est from the dated

date of Bonds to the date of de­liv­ery thereof, if any. The De­posit will be ap­plied to the pur­chase price of the Bonds.

When the suc­cess­ful bid­der has been as­cer­tained, all such De­posits will be promptly re­turned to the per­sons mak­ing them, ex­cept the De­posit of the suc­cess­ful bid­der. Award of the Bonds to the suc­cess­ful bid­der, or re­jec­tion of all bids, is ex­pected to be made promptly af­ter open­ing of the bids, but such suc­cess­ful bid­der may not with­draw this pro­posal un­til af­ter 2:00 p.m., New York time, of the day of such bid open­ing and then only if such award has not been made prior to the with­drawal. The suc­cess­ful bid­der will be promptly no­ti­fied of the award, and if he re­fuses or ne­glects to pay the agreed price of the Bonds less the amount of the De­posit, such De­posit shall be for­feited to and re­tained by the Fire District as liq­ui­dated dam­ages for such ne­glect or re­fusal.

The Bonds will be ex­e­cuted and de­liv­ered in es­crow to DTC in Jersey City, New Jersey, not less than 24 hours prior to the time set for the de­liv­ery thereof. It shall be the re­spon­si­bil­ity of the pur­chaser to ver­ify the CUSIP num­bers at such time. The clos­ing will be held on or about Oc­to­ber 5, 2017, at such place and on such busi­ness day against re­ceipt of Fed­eral Funds, in an amount equal to the par amount of such Bonds, plus the pre­mium, if any, in­clud­ing ac­crued in­ter­est from the date of such Bonds to the date of de­liv­ery, less the amount of the de­posit sub­mit­ted with the bid.

An Of­fi­cial State­ment has been pre­pared and dis­sem­i­nated by the Fire District. The Of­fi­cial State­ment is deemed to be a “fi­nal of­fi­cial state­ment”, as of its date, within the mean­ing of Rule 15c2-12 of the Se­cu­ri­ties and Ex­change Com­mis­sion (“SEC”), but is sub­ject to (a) com­ple­tion with cer­tain price and other in­for­ma­tion to be made avail­able by the suc­cess­ful bid­der for the Bonds and (b) amend­ment. The Of­fi­cial State­ment, as so re­vised, will con­sti­tute the “Fi­nal Of­fi­cial State­ment”. By the sub­mis­sion of a bid for the Bonds, the suc­cess­ful bid­der con­tracts for the re­ceipt of a rea­son­able num­ber of copies of the Fi­nal Of­fi­cial State­ment within seven busi­ness days of the award of the Bonds. In or­der to com­plete the Fi­nal Of­fi­cial State­ment, the suc­cess­ful bid­der must fur­nish on be­half of the un­der­writ­ers of the Bonds the fol­low­ing in­for­ma­tion to Bond Coun­sel and the Fire District by elec­tronic or fac­sim­ile trans­mis­sion or overnight de­liv­ery re­ceived by Bond Coun­sel and the Fire District within 24 hours af­ter the award of the Bonds: (a) ini­tial of­fer­ing prices or yields (ex­pressed as per­cent­ages), (b) sell­ing com­pen­sa­tion (ag­gre­gate to­tal an­tic­i­pated com­pen­sa­tion to the un­der­writ­ers ex­pressed in dol­lars), (c) the iden­tity of the un­der­writ­ers if the suc­cess­ful bid­der is part of a group or syn­di­cate and (d) any other ma­te­rial in­for­ma­tion nec­es­sary for the Fi­nal Of­fi­cial State­ment, but not known to the Fire District (such as the bid­ders pur­chase of credit en­hance­ment). The Fire District shall not be re­spon­si­ble or li­able in any man­ner for the suc­cess­ful bid­ders de­ter­mi­na­tion of in­for­ma­tion nec­es­sary to com­ply with SEC Rule 15c2-12 or the ac­cu­racy of any such in­for­ma­tion pro­vided by the suc­cess­ful bid­der or fail­ure to fur­nish such Fi­nal Of­fi­cial State­ment as de­scribed above which re­sults from a fail­ure by the suc­cess­ful bid­der to pro­vide the afore­men­tioned in­for­ma­tion within the time spec­i­fied. Ac­cep­tance by the suc­cess­ful bid­der of such Fi­nal Of­fi­cial State­ment shall be con­clu­sive ev­i­dence of the sat­is­fac­tory com­ple­tion of the obli­ga­tions of said Town with re­spect to the prepa­ra­tion and de­liv­ery thereof.

In ac­cor­dance with the re­quire­ments of SEC Rule 15c2-12, the Fire District shall pro­vide on the date of de­liv­ery of the Bonds a writ­ten un­der­tak­ing to pro­vide the an­nual fi­nan­cial in­for­ma­tion and op­er­at­ing data and notices of the oc­cur­rence of cer­tain events, all as de­scribed in the Of­fi­cial State­ment un­der the head­ing “LIMITED DIS­CLO­SURE UN­DER­TAK­ING”.

As a con­di­tion of the pur­chasers obli­ga­tion to ac­cept de­liv­ery of and pay for the Bonds, the Fire District will fur­nish with­out cost to the pur­chaser the fol­low­ing, dated as of the date of de­liv­ery and pay­ment for the Bonds: (1) a clos­ing cer­tifi­cate con­sti­tut­ing re­ceipt of the Bond pro­ceeds, (2) a cer­tifi­cate signed by the of­fi­cers who signed the Bonds, stat­ing that no lit­i­ga­tion is then pend­ing or, to the knowl­edge of such of­fi­cers, threat­ened to re­strain or en­join the is­suance or de­liv­ery of the Bonds or the levy or col­lec­tion of taxes to pay the Bonds or the in­ter­est thereon, or ques­tion­ing the va­lid­ity of the statutes or the pro­ceed­ings un­der which the Bonds are is­sued, and that nei­ther the cor­po­rate ex­is­tence or bound­aries of the Fire District, nor the ti­tle of any of the said of­fi­cers to their re­spec­tive of­fices, is be­ing con­tested and that no author­ity or pro­ceed­ings for the is­suance of the Bonds has been re­voked, (3) a cer­tifi­cate of the Fire District Trea­surer of the Fire District cer­ti­fy­ing that (a) as of the date of the Fi­nal Of­fi­cial State­ment fur­nished by the Fire District in re­la­tion to the Bonds such Fi­nal Of­fi­cial State­ment did not con­tain any un­true state­ment of a ma­te­rial fact or omit to state a ma­te­rial fact nec­es­sary to make the state­ments therein, in light of the cir­cum­stances un­der which they were made, not mis­lead­ing, sub­ject to the con­di­tion that while in­for­ma­tion in said Fi­nal Of­fi­cial State­ment ob­tained from sources other than the Fire District is not guar­an­teed as to the ac­cu­racy, com­plete­ness or fair­ness, he has no rea­son to be­lieve and does not be­lieve that such in­for­ma­tion is ma­te­ri­ally in­ac­cu­rate or mis­lead­ing, and (b) to his knowl­edge, since the date of the Fi­nal Of­fi­cial State­ment and since the date of the sale of the Bonds, the Fire District has en­gaged in no ma­te­rial trans­ac­tions not in the or­di­nary course of af­fairs of the Fire District and no ma­te­rial ad­verse change in the gen­eral af­fairs of the Fire District or in its fi­nan­cial con­di­tion as shown in the Fi­nal Of­fi­cial State­ment has oc­curred other than as dis­closed in or con­tem­plated by the Fi­nal Of­fi­cial State­ment; (4) a tax and ar­bi­trage cer­tifi­cate ex­e­cuted on be­half of the Fire District which in­cludes, among other things, covenants re­lat­ing to com­pli­ance with the Code, with the own­ers of the Bonds that the Fire District will, among other things (A) take all ac­tions on its part nec­es­sary to cause in­ter­est on the Bonds not to be in­clud­able in gross in­come of the own­ers thereof for Fed­eral in­come tax pur­poses, in­clud­ing, with­out lim­i­ta­tion, re­strict­ing, to the ex­tent nec­es­sary, the yield on in­vest­ments made with the pro­ceeds of the Bonds and in­vest­ment earn­ings thereon, mak­ing re­quired pay­ments to the Fed­eral gov­ern­ment, if any, and main­tain­ing books and records in a spec­i­fied man­ner, where ap­pro­pri­ate, and (B) re­frain from tak­ing any ac­tion which would cause in­ter­est on the Bonds to be in­clud­able in gross in­come of the own­ers thereof for Fed­eral in­come tax pur­poses; and (5) an ap­prov­ing opinion as to the va­lid­ity of the Bonds of Har­ris Beach PLLC, Rochester, New York, Bond Coun­sel. Ref­er­ence is hereby made to the Of­fi­cial State­ment re­lat­ing to the Bonds for a de­scrip­tion of the scope of the Bond Coun­sel’s en­gage­ment in re­la­tion to the is­suance of the Bonds and the mat­ters cov­ered by such le­gal opinion. Fur­ther­more, ref­er­ence should be made to the in­for­ma­tion un­der the sub­head­ing “LE­GAL MAT­TERS” in the Of­fi­cial State­ment.

The Bonds are gen­eral obli­ga­tions of the Fire District, payable from ad val­orem taxes upon the tax­able real prop­erty of the Fire District, sub­ject to ap­pli­ca­ble statu­tory lim­its, suf­fi­cient to pay the prin­ci­pal of and in­ter­est on the Bonds. See “REAL PROP­ERTY TAX IN­FOR­MA­TION-Tax Levy Lim­i­ta­tion Law” within the Fi­nal Of­fi­cial State­ment. The State Con­sti­tu­tion re­quires the Fire District to pledge its faith and credit for the pay­ment of such in­ter­est and the re­demp­tion of the Bonds. The State Con­sti­tu­tion also pro­vides that if at any time the Fire District fails to make the re­quired ap­pro­pri­a­tions for an­nual debt ser­vice on the Bonds and cer­tain other obli­ga­tions of the Fire District, a suf­fi­cient sum shall be set apart from the first rev­enues there­after re­ceived and shall be ap­plied for such pur­poses; also that the fis­cal of­fi­cer of the Fire District may be re­quired to set apart and ap­ply such rev­enues as afore­said at the suit of any holder of the Bonds. The de­posit of the Bonds with DTC un­der a book-en­try sys­tem re­quires the as­sign­ment of CUSIP num­bers prior to de­liv­ery. It shall be the re­spon­si­bil­ity of the suc­cess­ful bid­der to ob­tain CUSIP num­bers for the Bonds prior to de­liv­ery and the Fire District will not be re­spon­si­ble for any de­lay oc­ca­sioned by the in­abil­ity to de­posit the Bonds with DTC due to the fail­ure of the suc­cess­ful bid­der to ob­tain such num­bers and sup­ply them to the Fire District in a timely man­ner. All ex­penses in re­la­tion to the print­ing of CUSIP num­bers on the Bonds shall be paid for by the Fire District; pro­vided, how­ever, that the CUSIP Ser­vice Bureau charge for the as­sign­ment of the num­bers shall be the re­spon­si­bil­ity of and shall be paid for by the pur­chaser.

If the Bonds qual­ify for is­suance of any pol­icy of mu­nic­i­pal bond in­sur­ance or com­mit­ment there­for at the op­tion of a bid­der, the pur­chase of any such in­sur­ance pol­icy or the is­suance of any such com­mit­ment there­for shall be at the sole op­tion and ex­pense of such bid­der and any in­creased costs of in­sur­ance of the bids re­sult­ing by rea­son of the same, un­less oth­er­wise paid, shall be paid by such bid­der. Any fail­ure of the Bonds to be so in­sured or of any such pol­icy of in­sur­ance to be is­sued, shall not con­sti­tute cause for a fail­ure or re­fusal by the pur­chaser of the Bonds to ac­cept de­liv­ery of and pay for said Bonds in ac­cor­dance with the terms of its pro­posal.

In the event that prior to the de­liv­ery of the Bonds, the in­come re­ceived by pri­vate hold­ers from bonds of the same type and char­ac­ter shall be in­clud­able in gross in­come for Fed­eral in­come tax pur­poses, the suc­cess­ful bid­der may at its elec­tion, be re­lieved of its obli­ga­tions un­der the con­tract to pur­chase the Bonds, and in such case, the De­posit ac­com­pa­ny­ing his bid will be re­turned.

By sub­mit­ting a bid, each bid­der is cer­ti­fy­ing that its bid is a firm of­fer to pur­chase the Bonds, is a good faith of­fer which the bid­der be­lieves re­flects cur­rent mar­ket con­di­tions, and is not a “courtesy bid” be­ing sub­mit­ted for the pur­pose of as­sist­ing in meet­ing the com­pet­i­tive sale re­quire­ments re­lat­ing to the es­tab­lish­ment of the “is­sue price” of the Bonds pur­suant to U.S. Trea­sury Reg­u­la­tion Sec­tion 1.148-1(f)(3)(i), in­clud­ing the re­quire­ment that bids be re­ceived from at least three (3) un­der­writ­ers (as de­fined be­low) who have es­tab­lished in­dus­try rep­u­ta­tions for un­der­writ­ing new is­suances of mu­nic­i­pal bonds (the “Com­pet­i­tive Sale Re­quire­ments”). The Fi­nan­cial Ad­vi­sor will ad­vise the win­ning bid­der if the Com­pet­i­tive Sale Re­quire­ments were met at the same time it no­ti­fies the win­ning bid­der of the award of the Bonds. Bids will not be sub­ject to can­cel­la­tion in the event that the Com­pet­i­tive Sale Re­quire­ments are not sat­is­fied.

The win­ning bid­der shall, within one (1) hour af­ter be­ing no­ti­fied of the award of the Bonds, ad­vise the Fi­nan­cial Ad­vi­sor by elec­tronic or fac­sim­ile trans­mis­sion of the rea­son­ably ex­pected ini­tial pub­lic of­fer­ing price or yield of each ma­tu­rity of the Bonds (the “Ini­tial Re­of­fer­ing Prices”) as of the date of the award.

By sub­mit­ting a bid, the win­ning bid­der agrees (un­less the win­ning bid­der is pur­chas­ing the Bonds for its own ac­count and not with a view to dis­tri­bu­tion or re­sale to the pub­lic (as de­fined be­low)) that (i) rep­re­sents that it has an es­tab­lished in­dus­try rep­u­ta­tion for un­der­writ­ing new is­suances of mu­nic­i­pal bonds, and (ii) agrees that if the Com­pet­i­tive Sale Re­quire­ments are not met, it will, with re­spect to each

ma­tu­rity of the Bonds, elect and sat­isfy ei­ther op­tion (1) or op­tion (2) de­scribed be­low. Such elec­tion must be made on the bid form sub­mit­ted by each bid­der. In the event a bid­der sub­mits a bid via Par­ity, such bid­der must no­tify the Fi­nan­cial Ad­vi­sor by email (mthorn­ton@mu­nic­i­pal­so­lu­tion.com) as to such elec­tion at the time such bid is sub­mit­ted. (1) Hold the Price. The win­ning bid­der:

(a) will make a bona fide of­fer­ing to the pub­lic of all of the Bonds at the Ini­tial Re­of­fer­ing Prices and pro­vide the Fi­nan­cial Ad­vi­sor and Bond Coun­sel with rea­son­able sup­port­ing doc­u­men­ta­tion, such as a copy of the pric­ing wire or equiv­a­lent com­mu­ni­ca­tion, the form of which is ac­cept­able to Bond Coun­sel,

(b) will nei­ther of­fer nor sell any Bonds within a ma­tu­rity to any per­son at a price that is higher, or a yield that is lower, than the Ini­tial Re­of­fer­ing Price of such ma­tu­rity un­til the ear­lier of (i) the date on which the win­ning bid­der has sold to the pub­lic at least ten per­cent (10%) of the Bonds of such ma­tu­rity at a price that is no higher, or a yield that is no lower, than the Ini­tial Re­of­fer­ing Price of such ma­tu­rity or (ii) the close of busi­ness on the fifth (5th) busi­ness day af­ter the date of the award of the Bonds, and

(c) has or will in­clude or cause to be in­cluded within any agree­ment among un­der­writ­ers, any sell­ing group agree­ment and each re­tail dis­tri­bu­tion agree­ment (to which ei­ther the win­ning bid­der or an­other mem­ber of any un­der­writ­ing syn­di­cate es­tab­lished by the win­ning bid­der for the Bonds is a party) re­lat­ing to the ini­tial sale of the Bonds to the pub­lic, and in the re­lated pric­ing wire, lan­guage obli­gat­ing each un­der­writer to com­ply with the lim­i­ta­tions on the sale of the Bonds as set forth above.

(2) Fol­low the Price. The win­ning bid­der:

(a) will make a bona fide of­fer­ing to the pub­lic of the Bonds at the Ini­tial Re­of­fer­ing Prices and pro­vide the Fi­nan­cial Ad­vi­sor and Bond Coun­sel with rea­son­able sup­port­ing doc­u­men­ta­tion, such as a copy of the pric­ing wire or equiv­a­lent com­mu­ni­ca­tion, the form of which is ac­cept­able to Bond Coun­sel,

(b) will re­port to the Fi­nan­cial Ad­vi­sor and Bond Coun­sel in­for­ma­tion re­gard­ing the ac­tual prices at which at least ten per­cent (10%) of the Bonds within each ma­tu­rity of the Bonds have been sold to the pub­lic,

(c) will pro­vide the Fi­nan­cial Ad­vi­sor and Bond Coun­sel with rea­son­able sup­port­ing doc­u­men­ta­tion or cer­ti­fi­ca­tions of such sale prices the form of which is ac­cept­able to Bond Coun­sel. This re­port­ing re­quire­ment, which may ex­tend be­yond the clos­ing date of the Bonds, will con­tinue un­til such date that ten per­cent (10%) of each ma­tu­rity of the Bonds has been sold to the pub­lic, and

(d) has or will in­clude or cause to be in­cluded within any agree­ment among un­der­writ­ers, any sell­ing group agree­ment and each re­tail dis­tri­bu­tion agree­ment (to which ei­ther the win­ning bid­der or an­other mem­ber of any un­der­writ­ing syn­di­cate es­tab­lished by the win­ning bid­der for the Bonds is a party) re­lat­ing to the ini­tial sale of the Bonds to the pub­lic and in the re­lated pric­ing wires, lan­guage obli­gat­ing each un­der­writer to com­ply with the re­port­ing re­quire­ment de­scribed above.

For pur­poses of the “hold the price” and “fol­low the price” re­quire­ments, a “ma­tu­rity” refers to the Bonds that have the same in­ter­est rate, credit and pay­ment terms.

Re­gard­less of whether or not the Com­pet­i­tive Sale Re­quire­ments were met, the win­ning bid­der shall sub­mit to the Is­suer a cer­tifi­cate (the “Re­of­fer­ing Price Cer­tifi­cate”), sat­is­fac­tory to Bond Coun­sel, prior to the de­liv­ery of the Bonds stat­ing the ap­pli­ca­ble facts as de­scribed above. The form of Re­of­fer­ing Price Cer­tifi­cate is avail­able by con­tact­ing Bond Coun­sel or the Fi­nan­cial Ad­vi­sor.

If the win­ning bid­der has pur­chased the Bonds for its own ac­count and not with a view to dis­tri­bu­tion or re­sale to the pub­lic, then, whether or not the Com­pet­i­tive Sale Re­quire­ments were met, the Re­of­fer­ing Price Cer­tifi­cate will re­cite such facts and iden­tify the price or prices at which the pur­chase of the Bonds was made.

For pur­poses of this No­tice of Sale, the fol­low­ing terms shall have the fol­low­ing re­spec­tive mean­ings: (A) the “pub­lic” means any per­son other than an un­der­writer or a re­lated party (as de­fined be­low) to an un­der­writer;

(B) an “un­der­writer” means (i) the win­ning bid­der (un­less the win­ning bid­der is pur­chas­ing the Bonds for its own ac­count and not with a view to dis­tri­bu­tion or re­sale to the pub­lic), (ii) any per­son that agrees pur­suant to a writ­ten con­tract with the win­ning bid­der to form an un­der­writ­ing syn­di­cate to par­tic­i­pate in the ini­tial sale of the Bonds to the pub­lic, and (iii) any per­son that agrees pur­suant to a writ­ten agree­ment with ei­ther the win­ning bid­der or any other mem­ber of an un­der­writ­ing syn­di­cate for the Bonds to par­tic­i­pate in the ini­tial sale of the Bonds to the pub­lic (such as a re­tail dis­tri­bu­tion agree­ment be­tween a na­tional lead un­der­writer and a re­gional firm un­der which the re­gional firm par­tic­i­pates in the ini­tial sale of the Bonds to the pub­lic); and

(C) a “re­lated party” (as de­fined in U.S. Trea­sury Reg­u­la­tion 1.150-1(b)) to an un­der­writer gen­er­ally means any per­son who has greater than fifty per­cent (50%) com­mon own­er­ship, di­rectly or indi­rectly, with such un­der­writer.

In mak­ing the rep­re­sen­ta­tions de­scribed above, the win­ning bid­der must re­flect the ef­fect on the of­fer­ing prices of any “de­riv­a­tive prod­ucts” (e.g., a ten­der op­tion) used by the bid­der in con­nec­tion with the ini­tial sale of any of the Bonds.

The Debt State­ment to be filed pur­suant to Sec­tion 109.00 of the Lo­cal Fi­nance Law in con­nec­tion with the sale of the Bonds, pre­pared as of Au­gust 31, 2017 will show the full val­u­a­tion of the real es­tate sub­ject to tax­a­tion by the Fire District to be $1,853,664,664, its debt limit to be $55,609,940, and its to­tal net in­debt­ed­ness sub­ject to the debt limit to be $5,030,000. The in­debt­ed­ness to be ev­i­denced by the Bonds will not in­crease the Fire District’s net in­debt­ed­ness sub­ject to the debt limit. A de­tailed Fi­nal Of­fi­cial State­ment will be fur­nished to any in­ter­ested bid­der upon re­quest.

The Fire District’s con­tact in­for­ma­tion is as fol­lows: Richard C. Frisi­cano, Fire District Trea­surer, Ridge Road Fire District, 1290 Long Pond Road, Rochester, New York 14626 (tel: (585) 453-1214); or, from the Fire District’s fi­nan­cial ad­vi­sor, Mu­nic­i­pal So­lu­tions, Inc. (tel: (585) 394-4090).

DATED: Septem­ber 13, 2017 Rochester, New York

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