2003-211 Council Resolution - Laserfiche WebLink

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Section 5. Authentication of Transcript. 5.01. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds and such instruments, including any heretofore furnished, will be deemed representations of the City as to the facts stated therein. 5.02. It is determined that no comprehensive Official Statement or offering material has been prepared or circulated by the City in connection with the sale of the Bonds and that the City is relying on the investment representation of the Purchaser in an investment letter of even date now on file with the City Administrator. Section 6. Continuing Disclosure. 6.01. Participating underwriters need not comply with the continuing disclosure requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934 (the "Rule"), because the offering is in a principal amount less than $1,000,000. Consequently, the City will not enter into any undertaking to provide continuing disclosure of any kind with respect to the Bonds. The motion for adoption was duly seconded by Councilmember Reinert, and, upon vote being taken thereon, the following members voted in favor: Councilmembers Carlson, Dahl, O'Donnell, Reinert, and Mayor Bergeson and the following voted against the same: None whereupon said resolution was declared duly passed and adopted. SJB-240611v1 LN 140-84