Laserfiche WebLink
payment, #3�e Cannpany will as�t that the City waive the application nf 5ecfaian 7.1(d) r�vhich preclu�es tlie <br />issuance a�any o�#he Bonds by any unit of govern�ment other than the City. <br />The initial resolufiion anci the Pi�liminary Resolntion are proposed to be drafted to aut�orize the <br />issuanee af the entire $34,0f1(i;.O.aU of Bonds by the Ciiy because the Compazry may alfer its plans <br />regarding the issuance of tt�e Honds as bank qualified bgnds (in which nase tl�e City vs�auld be asked to <br />issue the entixe $3�,000,000 of Bonds) and because the Prograrn wi11 ref�renee the entire $34,040,OD6 of <br />Bands to. be issued ta fnance the Pro}ect. ' <br />If the City Conncil adopts the Preliminary Resoluiion, the Company will enter into negntiations <br />with one or more purchasers of the Bonds and provide for the preparation of the Bonds and of. the <br />dacuments sacuri�g tt3e Bonds. Once the B�ids and snnh docnmentation are in appropriate forn�, the City <br />wi�Il request t.�at the Ciiy Cauncil consider and adopt a�na1 resalvtion authorizing the issuance of the <br />Bonds ta be issued by the City and, if applicalile, approving the issuance by other gavernmental unifs of <br />any partion af the $vnds to be issued 6y such ather jurisdictions. <br />PIease contact ihe undersigned at your e.o�venienee wit� any quest�cros with r�gard fo f�e <br />foregoing. <br />KENNEDY & GRAVEN, CHARTERED <br />AR204-p 12 (.TU) <br />3$8226v.1 <br />2- <br />