Resolution 4063 - Laserfiche WebLink

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. . . . . thereto will constitute cause for failure or refusal by the purchaser to accept delivery of the Bonds. The CUSIP Service Bureau charge for the assignment of CUSIP Identification numbers shafl be paid by the purchaser, SEITLEMENT Within 40 days following the date of their award. the Bonds win be delve red without cost to the purchaser at a place mutually satisfactory to the City and the purchaser, Delivery WID be subject to receipt by the purchaser of an approving legal opinion of Briggs and Morgan. Professional Association. of Saint Paul and MinneapoliS, Minnesota. which opinion will be printed on the Bonds, and of customary closing papers, including a no..Jltlgatlon certificate. On the date of settlement payment for the Bonds shall be made In federal, or equivalent, funds which shalf be received at the offices of the City or itS designee not later than 12:00 Noon, Central1ime. Except as compliance with the terms of payment for the Bonds shalf have been made Impossible by action of the City, or Its agents, the purchaser shall be liable to the CIty for any loss suffered by the City by reason of the purchaser's non-compliance with said terms tor payment. OFFICIAL STATEMENT The City has authorized the preparatfon of an OffIcial Statem.nt containing pertinent infonnation relative to the Bonds, and said Official Statement will serve as a nearly-final OffIclal Statement within the meaning of Rule 1502-12 of the Securities and Exchange Commlt.ion. For copies of the Offlclal Statement and the Official Bid Form or for any additional Information prior to sale, any prospective purchaser Is referred to the Financial Advisor to the Clly, Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul, Minnesota 56101, telephone (612) 223.??oo. 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 OfftcIal Statement" of the City with r.pact to the Bonds. as that term Is defined in Rule 1502-12, By awarding the Bonds to any underwriter or underwriting syndicate submitting an Official Bid Form therefor. the CIty agrees that. no more than seven business days after the date of such award, it shall provide without cost to the senior managing underwriter of the .yndlcate to which the Bonds are awarded 115 copies of the Official Statement and the addendum or addenda described above, Thl 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 executing and deflVerlng an Official Bid Form with respect to the Bonds agrees thereby that if its bid is accepted by the City (0 It shall accept such designation and (ii) it shall entef Into a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each suCh PartiCipating Underwriter of the Final Official Statement. Dated March 25, 1991 BY ORDER OF THE CITY COUNCIL Is! Samlntha Otduno Cl$rk/Administrator -iii.