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2021-02-10 CC Packet
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2021-02-10 CC Packet
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BANK QUALIFICATION <br /> <br />The City will designate the Bonds as qualified tax-exempt obligations for purposes of Section 265(b)(3) <br />of the Internal Revenue Code of 1986, as amended. <br /> <br /> <br />If the Bonds qualify for issuance of any policy of municipal bond insurance or commitment therefor at the <br />option of the successful bidder, the purchase of any such insurance policy or the issuance of any such <br />commitment shall be at the sole option and expense of the successful bidder of the Bonds. Any increase in <br />the costs of issuance of the Bonds resulting from such purchase of insurance shall be paid by the <br />successful bidder, except that, if the City has requested and received a rating on the Bonds from a rating <br />agency, the City will pay that rating fee. Any other rating agency fees shall be the responsibility of the <br />successful bidder. Failure of the municipal bond insurer to issue the policy after the Bonds have been <br />awarded to the successful bidder shall not constitute cause for failure or refusal by the successful bidder <br />to accept delivery on the Bonds. <br /> <br />The City reserves the right to reject any and all Proposals, to waive informalities and to adjourn the sale. <br /> <br />Dated: February 10, 2021 BY ORDER OF THE CENTERVILLE CITY COUNCIL <br /> <br />/s/ Mark Statz <br />City Administrator <br /> <br />Additional information may be obtained from: <br />Northland Securities, Inc. <br />th <br />150 South 5 Street, Suite 3300 <br />Minneapolis, Minnesota 55402 <br />Telephone No.: 612-851-5900 <br /> <br />A-7 <br />CE155-29-699697.v1 <br /> <br />
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