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CC PACKET 04252017
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CC PACKET 04252017
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4/21/2017 3:42:44 PM
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<br />If the Disclosure Information is so amended, the City agrees to provide, <br />contemporaneously with the effectiveness of such amendment, an explanation of <br />the 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 /> <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 /> <br />SECTION 9. CERTIFICATION OF PROCEEDINGS. <br />9.01. Registration of Bonds. The City Manager is hereby authorized and directed to file <br />a certified copy of this resolution with the County Auditors of Hennepin and Ramsey Counties, <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 />9.02. Authentication of Transcript. The officers of the City are hereby authorized and <br />directed to prepare and furnish to the Purchaser and to Dorsey & Whitney LLP, Bond Counsel, <br />certified copies of all proceedings and records relating to the Bonds and such other affidavits, <br />certificates and information as may be required to show the facts relating to the legality and <br />marketability of the Bonds, as the same appear from the books and records in their custody and <br />control or as otherwise known to them, and all such certified copies, affidavits and certificates, <br />including any heretofore furnished, shall be deemed representations of the City as to the <br />correctness of all statements contained therein. <br />9.03. Official Statement. The Preliminary Official Statement relating to the Bonds <br />prepared and distributed by Ehlers & Associates, Inc., is hereby approved. Ehlers & Associates, <br />Inc., is hereby authorized on behalf of the City to prepare and distribute to the Purchaser within <br />seven business days from the date hereof, a Final Official Statement listing the offering price, the <br />interest rates, selling compensation, delivery date, the underwriters and such other information <br />relating to the Bonds required to be included in the Official Statement by Rule l5c2-12 adopted <br />by the Securities and Exchange Commission under the Securities Exchange Act of 1934. The <br />officers of the City are hereby authorized and directed to execute such certificates as may be <br />appropriate concerning the accuracy, completeness and sufficiency of the Official Statement. <br />9.04. Authorization of Payment 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 Klein Bank, on the closing date for further distribution as directed by the <br />City’s municipal advisor, Ehlers & Associates, Inc. <br />9.05. Redemption of Refunded Bonds. The City Manager is hereby directed to advise <br />Wells Fargo Bank, National Association, in Minneapolis, Minnesota, as paying agent for the <br />Prior Bonds, to call the Prior Bonds for redemption and prepayment on the Redemption Date, <br />substantially in the form attached hereto as Exhibit C, all in accordance with the provisions of <br />the resolutions authorizing the issuance of the Prior Bonds. <br />34
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