Resolution 99-30 - Laserfiche WebLink

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CU8IPNUK8BERS If the Bonds qualify for assignment OfCUS/P numbers such numbers will be printed On the Bonds, but neither the failure to print such numbers On any Bond nor any error with respect thereto will constitute Cause for failure or [efu3al by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP identification numbers shall be paid by the purchaser. SETTLEMENT Within 40 days following the date of their award, the 80OdS will be delivered VvbhOVi cost to the purchaser at G place nlLku8Uy satisfactory to the [bv and the purchaser. Delivery will be subject to receipt by the purchaser of8n approving |*go) opinion of Dorsey & Whitney LLP O f M/nneGpo|iG. Minnesota, and of customary closing papers, including 3 OO-UUgaƒjOn certificate, On the date of settlement, payment for the Bonds shall be made in federal, or equivalent, funds VhiCh shall be received at the offices of the City Or its designee not later than 12:00 Noon, Time. Except GS compliance with the terms Of payment for the Bonds Sh8U have been ' n@deinpoSSib|abyB[tionOf\he City, or its agents, the purchaser shall b' liable to the City for any suffered by the City by reason Ofthe purchaser's non-compliance with said terms '~payment, CONTINUING DISCLOSURE Participating underwriters need not COn1p|y with the continuing disclosure requirements of Rule 15c2-12 pnnrDW|A8t8d by the Securities and Exchange COnlrnhs8/VO under the Securities Exchange Act of 1934 (the "RU|e"), because the offering is in a principal amount |eeS than $1.000.000. ODOaeqUe)tk/, the City will will not enter into any undertaking h} provide continuing disclosure di��8Ur� of any kind with respect to the 8Dndg. OFFICIAL STATEMENT The City has authorized the preparation of an Official Statement containing pertinent information reiative to the Bonds, and Said Dffic(e) Statement will serve as a nearly-final Official | Gtaten9Dtvithin the meaning 0f Rule 15c2-12 of the Securities and Exchange CVODiSSiOn ' Fo[ copies of the Official Statement Or for any additional information prior to S@\e' any prOSpe[tive purchaser is referred to the Financial Advisor to the City, SpriOgSted |nCorpOated' 85E8StSeVenth Place, Suite 100. Saint Paul, Minnesota 551O1. telephone /651\223-3O The Official Statement, when further supplemented by an addendum or addenda specifying the ih^ e maturity dates, principal amounts and interest rates Of the Bonds' together with any other infornat(on required by law, shall constitute @ "Final Official Statement" of the City with respect the Bonds, as that term is defined in Rule 15C2 12 , By awarding the Bonds to aDy undermriterOrundenmhting syndicate Submitting 8 proposal therefor, City agrees that ' no more than seven business days after the date of such award, it shall provide ~hhOUdC0Sthuthe senior managing underwriter of the syndicate to which the Bonds are awarded 25 copies of the Official Statement and the addendum Or addenda described above. T'- CdeSignateS the senior managing underwriter of the syndicate to which the Bonds are awarded as its agent for purposes of distributing copies of the Final {ffiCie| Statement to each Participating Undenwriter . Any underwriter delivering a proposal with respect t o th e Bonds agrees thereby that if its proposal in accepted by the City (j) it shall accept such designation and (ii) it shall enter into a contractual relationship with all Participating Underwriters of the Bonds for purposes o f assuring Dated May 4, 1999 BY ORDER OF THE CITY COUNCIL b/ MgryKueffD8r City Administrator 4/20/99 9:23 AM