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Last modified
7/17/2007 9:46:50 AM
Creation date
7/13/2007 1:12:56 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
6/11/2007
Resolution #
10514
Resolution Title
A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF HOUSING REVENUE REFUNDING BONDS EAGLECREST PROJECT), SERIES 2007 TO PROVIDE FUNDS FOR A SENIOR MULTIFAMILY HOUSING PROJECT
Resolution Date Passed
6/11/2007
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<br />appropriate, or executed or attested by other officers of the Issuer, in substantially the form on <br />file, but with all such changes therein, not inconsistent with the Act or other law, as may be <br />approved by the officers executing the same, which approval shall be conclusively evidenced by <br />the execution thereof; and then shall be delivered to the Trustee. Modifications to the form of <br />Mortgage may be made at the discretion of the other parties thereto. <br /> <br />5. Approval, Execution and Delivery of Bonds. The Issuer is authorized to issue the <br />Bonds, in an aggregate principal amount of not to exceed $23,900,000, in the forms and upon the <br />terms set forth in the Indenture which terms are for this purpose incorporated in this resolution <br />and made a part hereof; provided, however, that the initial aggregate principal amounts of and <br />the maturities of the Bonds, the interest rates thereon, and any provisions for the optional or <br />mandatory redemption thereof shall all be as set forth in the final form of the Indenture to be <br />approved, executed and delivered by the officers of the Issuer authorized to do so by the <br />provisions of this Resolution, which approval shall be conclusively evidenced by such execution <br />and delivery; and provided further that, in no event, shall such maturities ex~eed forty (40) years. <br />The Underwriter has agreed pursuant to the provisions of the Bond Purchase Agreement and <br />subject to the conditions therein set forth, to purchase the Bonds at the purchase price set forth in <br />the Bond Purchase Agreement and said purchase price is hereby accepted. The Mayor and City <br />Manager and other Issuer's officers are authorized to execute the Bonds as prescribed in the <br />Indenture at such time, if any, as they may deem appropriate, and to deliver them to the Trustee, <br />together with a certified copy of this Resolution and the other documents required by <br />Section 2.08 of the Indenture for authentication, registration and delivery to the Underwriter. <br /> <br />6. Official Statement. As requested by the Underwriter, the Issuer hereby consents <br />to the circulation by the Underwriter of the Official Statement in offering the Bonds for sale; <br />provided, however, that the Issuer has not participated in the preparation of the Official <br />Statement or independently verified the information in the Official Statement and takes no <br />responsibility for, and makes no representations or warranties as to, the accuracy, completeness <br />or sufficiency of such information. <br /> <br />7. Certificates, etc. The Mayor and City Manager, and other officers of the Issuer <br />are authorized at such time, if any, as they may deem appropriate, to prepare and furnish to bond <br />counsel and the purchaser of the Bonds, when issued, certified copies of all proceedings and <br />records of the Issuer relating to the Bonds, and such other affidavits and certificates as may be <br />required to show the facts appearing from the books and records in the officers custody and <br />control or as otherwise known to them; and all such certified copies, certificates and affidavits, <br />including any heretofore furnished, shall constitute representations of the Issuer as to the truth of <br />all statements contained therein. <br /> <br />The Issuer shall use its best efforts to comply with any federal procedural requirements <br />which may apply in order to effectuate the qualified tax exempt status of the Bonds under this <br />section. <br /> <br />2035105vl <br /> <br />4 <br />
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