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7/17/2007 8:38:54 AM
Creation date
12/2/2004 9:30:40 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9518
Resolution Title
Providing for public sale of $13,280,000 of General Obligation Tax Increment Refunding Bonds, Series 1998 (1/26/98).
Resolution Date Passed
1/26/1998
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<br />or wire transfer as instructed by <br />the Issuer not later than 3:30 <br />P.M., Central Time, on the next <br />business day following the award. <br />If such Deposit is not received by <br />that time, the Financial Surety <br />Bond may be drawn by the Issuer to <br />satisfy the Deposit requirement. <br />The Issuer will deposit the check <br />of the purchaser, the amount of <br />which will be deducted at <br />settlement and no interest will <br />accrue to the purchaser. In the <br />event the purchaser fails to comply <br />with the accepted bid, said amount <br />will be retained by the Issuer. No <br />bid can be withdrawn after the time <br />set for receiving bids unless the <br />meeting of the Issuer scheduled for <br />award of the bonds is adjourned, <br />recessed, or continued to another <br />date without award of the bonds <br />having been made. <br /> <br />RATES: <br /> <br />All rates must be in integral <br />multiples of 1/20th or 1/8th of 1%. <br />No limitation is placed upon the <br />number of rates which may be used. <br />All bonds of the same maturity must <br />bear a single uniform rate from <br />date of issue to maturity and no <br />rate of any maturity may be lower <br />than the highest rate applicable to <br />bonds of any preceding maturities. <br /> <br />INFORMATION FROM <br />PURCHASER: <br /> <br />The successful purchaser will be <br />required to provide, in a timely <br />manner, certain information <br />relating to the initiaf offering <br />price of the bonds necessary to <br />compute the yield on the bonds <br />pursuant to the provisions of the <br />Internal Revenue Code of I986, as <br />amended. <br /> <br />CONTINUING DISCLOSURE: <br /> <br />The Issuer will covenant in the <br />resolution awarding the sale of the <br />bonds and in a Continuing <br />Disclosure Undertaking to provide, <br />or cause to be provided, annual <br />financial information, including <br />audited financial statements of the <br />Issuer, and notices of certain <br /> <br />375642.1 <br /> <br />B-5 <br />
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