05/26/1998 Council Packet - Laserfiche WebLink

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CONTI•U1NG DISCLOSURE In accordance with SEC Rule 15c2- 12(b)(5). the City will undertake. pursuant to the resolut1on awarding sale of the Bends, to provide In the Offlciial Statement. The purchaser's obligation description of this undertaking is set purchase the Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery of the Bonds. OFFICIAL STATEMENT ent The City has authorized the preparation of an Official Statement containingpe�cial information relative to the Bonds, and said Official Satement will serve as a nearly-final Statement within the meaning of Rule 15c2 -12 of the Securities and Exchange Commission. Far copies of the Official Statement or for any additional Information prior to sale. arty prospective purchaser is referred to the Saint Paul. Minnesota orta 551U1 telephone (612j 223-3000. Incorporated. 85 East Seventh Place, Suite 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 required by law, shall constitute a "Final Official Statement" of the City with respect to the Bonds. as that term is defined in Rule 15c2 -12. By awarding the Bonds that, oanyy underwriter or underwriting syndicate submitting a proposal therefor, the City agrees more than seven business days after the date of such award. it shall provide without cost to the senior managing underwriter of the syndicate to which the Bonds are awarded 175 copies of the Official Statement and the addendum or addenda described above. The City designates the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final Official Statement to each Participating Underwriter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i) it shalt accept such designation and (ii) it shall enter a l relationship Participating Underwriters purposes n of assuring the receipt by each such Partic{patingUnderwriter of the Final Official Statement Dated May 26. 1998 BY ORDER OF THE CITY COUNCIL I nicairc710 -iv - ls1 Marilyn Anderson Clerk/Treasurer JAVNn ' AnluJ \ —woJ. wdZI :EO 86- 61 —AeV