Resolution No. 97-18 EDA - Laserfiche WebLink

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shall have been made impossible by action of the Authority, or its agents, the purchaser shall be liable to the Authority for any Toss suffered by the Authority by reason of the purchaser's non-compliance ivith said terms for payment. CONTINUING DISCLOSURE In accordance with SEC Rule 15c2 -12(b)(5), the City of Linc Lakes will undertake, pursuant to a Continuing Disc. sure Certificate, to provide annual reports and notices of certain events. A description of thi , undertaking is set forth in the Official Statement. The purchaser's obligation to purchase th.: Bonds will be conditioned upon its receiving the Continuing Disclosure Certificate at or :mor to delivery of the Bonds. OFFICIAL STATEMENT The Authority has authorized the preparation of an Official Statement containing pertinent information reiat:ve to the Bonds, and said Official Statement will serve as a nearly -final Official Statement withi,i the meaning of Rule 15c2-12 of the Securities and Exchange Commission. For copies of the Official Statement or for any additional information prior to sale, any prospective pu •chaser is referred to the Financial Advisor to the Authority: Springsted Incorporated, 65 East Seventh Place, Suite 100, Saint Paul, Minnesota 55101, telephone (612) 223-3000. The Official Statement, when further supplemented by an addendum or addenda specifying the maturity dates, principal amounts and interest rates of the Bonds, together with any other information req'..ired by law, shall constitute a "Final Official Statement" of the Authority with respect to the Ponds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the Authority agrees that, no more than s•::ven business days after the date of such award, it shall provide without cost to the senior man iiging underwriter of the syndicate to which the Bonds are awarded 140 copies of the Official Statement and the addendum or addenda described above. The Authority designates the :senior managing underwriter of the syndicate to which the Bonds are awarded as its agent fir purposes of distributing copies of the Final Official Statement to each Participating Widerwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the Authority (i) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of tie Final Official Statement. Dated October 13, 1997 BY ORDER OF THE AUTHORITY BOARD /s/ Marilyn Anderson Clerk - iv -