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2012_0227_packet
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2012_0227_packet
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3/2/2012 1:22:01 PM
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2/23/2012 2:52:24 PM
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221 (1) timely filing of Form 803 8 -CP shall be made to insure that payments <br />222 are timely made on the interest payment date and such timely filing <br />223 is ensured by the use of a third -party filing agent; and <br />224 (2) in the case of bond issues with multiple maturities, a separate Form <br />225 8038 -CP shall be filed for each maturity; <br />226 (iii) ensuring all credit payments shall be requested to be made by wire. The <br />227 Finance Director is familiar with the wire payment procedures for the City <br />228 and will ensure that the Form 8038 -CP includes the proper information for <br />229 payment of the credit to the proper person; and <br />230 (iv) alternatively, hiring a third party (the "Filing Agent ") who shall be <br />231 responsible for the matters in this Section 5 and any other responsibilities set <br />232 forth in a filing agent agreement between the City and the Filing Agent. <br />233 (b) In addition to the records retained pursuant to Section 3, the records to be obtained <br />234 and maintained with respect to direct pay bonds are to include: <br />235 (i) information, records, and calculations showing that Forms 8038 -CP were <br />236 properly prepared and timely filed, as described in (a) above; <br />237 (ii) all contracts that are subject to the federal Davis -Bacon prevailing wage <br />238 rules; and <br />239 (iii) with respect to Qualified Energy Conservation Bonds, such documents, test <br />240 results, audits, and reports obtained by the City that demonstrate that the <br />Page 10 of 12 <br />
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