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2004-142 Council Resolution
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2004-142 Council Resolution
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11/7/2014 3:06:30 PM
Creation date
11/7/2014 1:32:24 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
09/27/2004
Council Meeting Type
Regular
Resolution #
04-142
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• r <br />• <br />CUSIP NUMBERS <br />If the Bonds qualify for assignment of CUSIP numbers such numbers will be printed on the <br />Bonds, but neither the failure to print such numbers on any Bond nor any error with respect <br />thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the <br />Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers <br />shall be paid by the purchaser. <br />SETTLEMENT <br />Within 40 days following the date of their award, the Bonds will be delivered without cost to the <br />purchaser through DTC in New York, New York. Delivery will be subject to receipt by the <br />purchaser of an approving legal opinion of Kennedy & Graven, Chartered of Minneapolis, <br />Minnesota, and of customary closing papers, including a no- litigation certificate. On the date of <br />settlement, payment for the Bonds shall be made in federal, or equivalent, funds that shall be <br />received at the offices of the City or its designee not later than 12:00 Noon, Central Time. <br />Unless compliance with the terms of payment for the Bonds has been made impossible by action <br />of the City, or its agents, the purchaser shall be liable to the City for any loss suffered by the City <br />o by reason of the purchaser's non - compliance with said terms for payment. <br />CONTINUING DISCLOSURE <br />In accordance with SEC Rule 15c2- 12(b)(5), the City will undertake, pursuant to the resolution <br />awarding sale of the Bond, to provide annual reports and notices of certain events. A description <br />of this undertaking is set forth in the Official Statement. The purchaser's obligation to purchase <br />the Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery <br />of the Bonds. <br />OFFICIAL STATEMENT <br />The City has authorized the preparation of an Official Statement containing pertinent information <br />relative to the Bonds, and said Official Statement will serve as a nearly final Official Statement <br />within the meaning of Rule 15c2 -12 of the Securities and Exchange Commission. For copies of <br />the Official Statement or for any additional information prior to sale, any prospective purchaser <br />is referred to the Financial Advisor to the City, Springsted Incorporated, 85 East Seventh Place, <br />Suite 100, Saint Paul, Minnesota 55101, telephone (651) 223 -3000. <br />The Official Statement, when further supplemented by an addendum or addenda specifying the <br />maturity dates, principal amounts and interest rates of the Bonds, together with any other <br />information required by law, shall constitute a "Final Official Statement" of the City with respect <br />to the Bonds, as that term is defined in Rule 15c2 -12. By awarding the Bonds to any underwriter <br />or underwriting syndicate submitting a proposal therefor, the City agrees that, no more than <br />seven business days after the date of such award, it shall provide without cost to the senior <br />managing underwriter of the syndicate to which the Bonds are awarded 55 copies of the Official <br />Statement and the addendum or addenda described above. The City designates the senior <br />managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes <br />SJB- 253389v1 <br />LN 140 -88 <br />
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