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Resolution 2013-078 Bond Resolution
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Resolution 2013-078 Bond Resolution
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8/5/2025 2:36:41 PM
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3/22/2016 11:38:48 AM
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City Council
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clause (i)(a) and assuming that the Rule as in effect and interpreted at the time of the <br />amendment or supplement was in effect at the time of the primary offering; and (iii) <br />such amendment or supplement does not materially impair the interests of the <br />Bondowners under the Rule. <br />If the Disclosure Information is so amended, the City agrees to provide, <br />contemporaneously with the effectiveness of such amendment, an explanation of the <br />reasons for the amendment and the effect, if any, of the change in the type of <br />financial information or operating data being provided hereunder. <br />(3) This section is entered into to comply with the continuing disclosure provisions of <br />the Rule and should be construed so as to satisfy the requirements of paragraph <br />(b)(5) of the Rule. <br />SECTION 1.0. CERTIFICATION OF PROCEEDINGS. <br />10.01. Registration of Bonds. The City Administrator is hereby authorized and directed <br />to file a certified copy of this resolution with the County Auditor of Washington County, <br />together with such additional information as is required, and to obtain a certificate that the Bonds <br />and the taxes levied pursuant hereto have been duly entered upon the County Auditor's Bond <br />register. <br />1.0.02. Authentication of Transcri t. The officers of the City and the County Auditor are <br />hereby authorized and directed to prepare and furnish to the Purchaser and to Dorsey & Whitney <br />LLP, Bond Counsel, certified copies of all proceedings and records relating to the Bonds and <br />such other affidavits, certificates and information as may be required to show the facts relating to <br />the legality and marketability of the Bonds, as the same appear from the books and records in <br />their custody and control or as otherwise known to them, and all such certified copies, affidavits <br />and certificates, including any heretofore furnished, shall be deemed representations of the City <br />as to the correctness of all statements contained therein. <br />10.03. Official Statement. The Preliminary Official Statement relating to the Bonds, <br />dated September 5, 2013, prepared and distributed by Northland Securities, Inc., is hereby <br />approved. Northland Securities, Inc. is hereby authorized on behalf of the City to prepare and <br />deliver within severe business days from the date hereof a final Official Statement listing the <br />offering price, the interest rates, selling compensation, delivery date, the underwriters and such <br />other information relating to the Bonds required to be included in the Official. Statement by Rule <br />15c2-12 adopted by the SEC under the Securities Exchange .Act of 1934. The officers of the City <br />are hereby authorized and directed to execute such certificates as may be appropriate concerning <br />the accuracy, completeness and sufficiency of the Official Statement. <br />10.04. Authorization ofPayment of Certain Costs of Issuance of„the Bonds. The City <br />authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of <br />issuance expenses to the Bond Registrar on the closing date for further distribution as directed by <br />Northland Securities, Inc. <br />20 <br />
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