Laserfiche WebLink
juranttitioady <br /> while consistent with the City's objective. Some of the key issues to be <br /> addressed are: <br /> • Maturity Schedule and Pattem of Debt Service <br /> • Security <br /> • Call Features <br /> • Credit Enhancement <br /> • Book Entry vs. Certificates <br /> • Reserves <br /> Develop Financing Documents <br /> Once a financial plan has been adopted by the City, Juran & Moody will <br /> be responsible for drafting, printino and distributing the Official <br /> Statement necessary for the marketing of the bonds. We will also <br /> coordinate review, and finalization of any additional financing documents <br /> necessary for the financing including the preparation and review of trust <br /> indentures, if any, lease agreements etc. <br /> Coordinate the Marketing of Bonds <br /> Timing of Sale <br /> In recent years, volatile market conditions have forced issuers to carefully <br /> time their tax- exempt borrowings. Factors such as wildly fluctuating <br /> interest rates, unprecedented upheaval in the international economic <br /> community and remilar federal tax reform proposals have combined to <br /> create a very unstable tax- exempt market environment. To assist its <br /> clients with the timing of proposed issues, Juran & Moody closely <br /> monitors all such developments and evaluates the potential impact of each <br /> on new - issue, tax- exempt securities. <br /> Target Buyers <br /> Juran & Moody maintains extensive mailing lists, targeted by issue type <br /> and structure, of not only potential underwriters but major investors to <br /> whom all disclosure materials should be distributed. Utilizing these lists, <br /> Juran & Moody can ensure that all interested parties are provided with <br /> all the information they need to make an informed investruent decision <br /> concerning the City's proposed offering. Furthermore, we encourage <br /> interest in the City's new issues through our direct contact with the local <br /> underwriting desks. The advantages of this activity are two -fold. First, <br /> Juran & Moody is able to inquire about the possible impact of different <br /> financing features including early call provisions or the resizing after <br /> award of the bonds. Second, by canvassing potential investors and <br /> underwriters, we are able to give added market exposure to any of the <br /> City's new bond issues. <br /> City of Centerville. Minnesota - 9 - <br />