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83-064
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83-064
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5/8/2007 1:17:39 PM
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11/14/2006 9:39:52 AM
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<br />, <br /> <br />e) A list of all officers and directors, together <br />with their biographies and personlll financial statements <br />If the bonds wll I be guaranteed by them. <br /> <br />f) An underwriter's or investment banker's letter <br />as to proposed Interest rates and possibility of place- <br />ment. <br /> <br />. <br /> <br />g) An attorney's opinion regarding the legal <br />entity Involved and status of title of the land In- <br />volved. <br /> <br />h) A complete legal description and surveyor <br />certification thereof and survey. <br /> <br />I) A schedule and timetable of the planned <br />construction. <br /> <br />J) A statement as to the environmental Impact, <br />effect on surrounding properties, and any other similar <br />or pertinent comments. <br /> <br />k) A statement that the applicant agrees to pay <br />all costs Incurred by the City and Its agents In process- <br />ing the application if not covered by the sumS pre- <br />viously deposited with t~e City. <br /> <br />Section 2. Other Conditions: <br /> <br />a) Size of Issue: Normally, because of costs <br />and expenses Involved, an Industrial revenue Issue of <br />less than $1,000,000 will not be considered or processed. <br /> <br />b) Plans and Specifications: In addition to <br />normal zoning, building end code requirements, the Council <br />reserves the right of final approval or disapproval of <br />plans and specifications. For example, the City will <br />not utilize Its bond powers to build buildings that <br />aesthetically are not pleasing, even though such con- <br />struction might satisfy other requirements. <br /> <br />c) Prior Review: Prior to any applicant approach- <br />Ing the Councl I, any proposal will have to be reviewed <br />by the City staff, attorney, bond consultant or other <br />City agencies. The Council wi II not adopt a resolution <br />setting a public hearing date end wi II not adopt any <br />other preliminary resolutions until the respective <br />reports, even If preliminary In form, are received. <br /> <br />. <br /> <br />d) City Consultants: The City shall deslgnete <br />the bond counsel and bond consultants and name the <br />trustees and paying agents. The City reserves the right <br />to employ legal, accounting, appraisal, financial, <br />engineering, architectural, and other consultants to <br />review the proposed project and Its financing. The <br />cost of such consultants, together with the City's <br />administrative expense, shall be paid by the applicant, <br />
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