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10-26-1994 Council Agenda
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10-26-1994 Council Agenda
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City of Little Canada Page 2 <br />long -range financial planning. <br />6. Recommend financing alternatives designed to fit the resources and requirements of the community. <br />7. Consult with attorneys of your choice relative to all minutes, resolutions and proceedings necessary to <br />authorize the financing. <br />8. Attend your meetings and public hearings necessary to explain the project financing and answer questions <br />from interested individuals. <br />9. Provide information related to the obligations to be used in public information materials bearing on the <br />obligations. <br />10. Advise you on bond market conditions and recommend a sale schedule that supports a successful marketing <br />of an issue. <br />11. Prepare accurate and complete official statement and disclosure documents relating to the financing. <br />12. Coordinate the process of obtaining and maintaining the community's bond rating, including <br />supplementing the Official Statement as deemed advisable with additional information for rating agencies, <br />acting on your behalf in responding to any questions by the rating agencies regarding your issue and <br />implementing rating presentadons. <br />13. Prepare and publish the Official Notice of Sale in compliance with all requirements specified in state laws. <br />14. Advertise the sale, as needed, to promote competitive bidding. <br />15. Provide a Uniform Bid Form appropriate to the obligations. <br />16. Assist the issuer in selecting an appropriate Registrar/Paying Agent. <br />17. Contact prospective bidders to solicit interest in the obligations and be available to answer their questions. <br />18. Receive bids on behalf of any bidders requesting such service. <br />19. Attend the sale, assure procedural compliance with the provisions as set forth in the Official Notice of Sale, <br />verify the accuracy of the bids received, and advise the issuer as to the accuracy of the bids and the <br />acceptability of those bids. If bids are not acceptable for whatever reason, you will be advised, options will <br />be thoroughly explained and reviewed, and appropriate action will be recommended. <br />20. As determined appropriate by the government, we will negotiate on your behalf with interested purchasers <br />for the sale of obligations to obtain the best possible terms thereon for the community. <br />21. Coordinate the closing process and the delivery of funds. <br />22. Provide a written record of the transaction. <br />Page '0g <br />
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