My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2002-09-25 CC Packet
Centerville
>
City Council
>
Agenda Packets
>
1996-2022
>
2002
>
2002-09-25 CC Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/13/2009 10:41:58 AM
Creation date
5/13/2009 10:38:41 AM
Metadata
Fields
Template:
General
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
324
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />r <br /> <br />Bond Insurance at Purchaser's Option <br /> <br />If the Bonds qualify for issuance of any policy of municipal bond insurance or <br />commitment therefor at the option of the bidder, the purchase of any such insurance policy or the <br />issuance of any such commitment will be at the sole option and expense of the purchaser of the <br />Bonds. Any increased costs of issuance of the Bonds resulting from such purchase of insurance <br />will be paid by the purchaser, except that, if the City has requested and received a rating on the <br />Bonds from a rating agency, the City will pay the rating fee. Any other rating agency fees will <br />be the responsibility of the purchaser. <br /> <br />Failure of the municipal bond insurer to issue the policy after Bonds have been awarded to the <br />purchaser will not constitute cause for failure or refusal by the purchaser to accept delivery on <br />the Bonds. <br /> <br />Official Statement <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />The City has authorized the preparation of an Official Statement containing pertinent <br />information relative to the Bonds, and said Official Statement will serve as a nearly-final Official <br />Statement as required by Rule 15c2-12 of the Securities and Exchange Commission. The <br />Official Statement, when further supplemented by an addendum or addenda specifying the <br />interest rates of the Bonds, together with any other information required by law, will constitute a <br />Final Official Statement of the City with respect to the Bonds, as that term is defined in Rule <br />15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting an <br />official Proposal Form therefor, the City agrees that, no more than seven business days after the <br />date of such award, it will provide without cost to the senior managing underwriter of the <br />syndicate to which the Bonds are awarded 25 copies of the Official Statement and the addenda <br />described above. The City designates the senior managing underwriter of the syndicate to which <br />the Bonds are awarded as its agent for purposes of distributing copies of the Final Official <br />Statement to each Participating Underwriter. Any underwriter executing and delivering an <br />Official [Bid] Proposal Form with respect to the Bonds agrees thereby that if its [bid] proposal is <br />accepted by the City (i) it will accept such designation and (ii) it will enter into a contractual <br />relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt <br />by each such Participating Underwriter of the Final Official Statement. <br /> <br />Continuing Disclosure <br /> <br />Participating underwriters need not comply with the continuing disclosure requirements <br />of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities <br />Exchange Act of 1934 (the "Rule"), because the offering is in a principal amount less than <br />$1,000,000. Consequently, the City will not enter into any undertaking to provide continuing <br />disclosure of any kind with respect to the Bonds. <br /> <br />sm.219027vl <br />CE155.19 <br /> <br />-1- <br />
The URL can be used to link to this page
Your browser does not support the video tag.