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2002-08-23 Proposed Right of Way Ordinance Memo
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2002-08-23 Proposed Right of Way Ordinance Memo
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<br />. Fees for various debt certficiates. <br />. City staff expenses. <br />. Rating agency fees, if any. <br />. Bond insurance fees, if any. <br />. Accounting and other related fees. <br /> <br />It is expressly understood that there is no obligation on the part of the City under the tenus of this <br />Agreement to issue the Bonds. If the Bonds are not issued, 1M agrees to pay its own expenses and receive <br />no fee for any services it has rendered. <br /> <br />AUTHORIZATION TO BID <br /> <br />As a broker dealer, JM is subject to the rules of the Municipal Securities Rulemaking Board (hereinafter <br />"Board'). Pursuant to Rule G-23 of the Board, the City consents and does authorize 1M or any entity or <br />company affiliated with JM to submit a comPetitive bid for the purchase of the Bonds. 1M agrees that any <br />bid so submitted shall be fuxed directly to the City for receipt at least fifteen (15) minutes prior to the <br />deadline otherwise established for the reciept of such a bid. <br /> <br />SUCCESSORS OR ASSIGNS <br /> <br />The tenns and provisions of this Agreement are binding upon and inure to the benefit of the City and 1M <br />and their successors or assigns. <br /> <br />TERM OF TillS AGREEMENT <br /> <br />This Agreement may be tenninated by thirty (30) days written notice by either the City or 1M and it shall <br />tenninate sixty (60) days following the closing date related to the issuance of the Bonds. <br /> <br />Dated this 28th day of August, 2002. <br /> <br />Juran & Moody <br /> <br />By: <br />Richard G. Asleson, Vice President <br /> <br />City of Centerville, Minnesota <br /> <br />By: <br />Mayor <br /> <br />By: <br />Administrator <br /> <br />Page 3 <br />
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