2000-11-08 Packet - Laserfiche WebLink

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FUTURE FINANCING The City does not anticipate the need to finance any capital improvements with the issuance of general obligation bonds within the next two months. BOND RATING The City currently does not have a general obligation bond rating assigned by Moody's Investors Service or Standard & Poor's Corporation. The City will not be applying for a rating from Moody's or Standard & Poor's on this issue. LITIGATION On August 3, 2000, the City Attorney, Barna, Guzy & Steffen, Ltd., James D. Hoeft, indicated that no litigation is pending or threatened that would jeopardize the creditworthiness of the City of Centerville. Claims or other actions in which the City is a defendant are covered by insurance or of insignificant amounts. CERTIFICATION The City will furnish, upon request, a statement to the effect that this Official Statement to the best of their knowledge and belief, as of the date of sale and the date of delivery, is true and correct in all ma- i terial respects, and does not contain any untrue statements of a material fact or omit to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. LEGALITY Legal matters incident to the authorization and issuance of the Bonds are subject to the approving opinion of Bond Counsel, as to validity and tax exemption. A copy of such opinion will be available at the time of the delivery of the Bonds. See Appendix A — Form of Legal Opinion. Bond Counsel has not participated in the preparation of the Official Statement and is not passing upon its accuracy, completeness or sufficiency. Bond Counsel has not examined, nor attempted to examine, or verify, any of the financial or statistical statements or data contained in this Official Statement, and will express no opinion with respect thereto. ,. -13-