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CC PACKET 05102022
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CC PACKET 05102022
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7/13/2022 3:23:34 PM
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154876-8449-2315\3 <br />any Bonds, by a resolution of this Council filed in the office of the recording <br />officer of the City accompanied by an opinion of Bond Counsel, who may rely on <br />certificates of the City and others and the opinion may be subject to customary <br />qualifications, to the effect that: (i) such amendment or supplement (a) is made in <br />connection with a change in circumstances that arises from a change in law or <br />regulation or a change in the identity, nature or status of the City or the type of <br />operations conducted by the City, or (b) is required by, or better complies with, <br />the provisions of paragraph (b)(5) of the Rule; (ii) this section as so amended or <br />supplemented would have complied with the requirements of paragraph (b)(5) of <br />the Rule at the time of the primary offering of the Bonds, giving effect to any <br />change in circumstances applicable under clause (i)(a) and assuming that the Rule <br />as in effect and interpreted at the time of the amendment or supplement was in <br />effect at the time of the primary offering; and (iii) such amendment or supplement <br />does not materially impair the interests of the 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 <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 />(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 10. CERTIFICATION OF PROCEEDINGS. <br />10.01. Registration of Bonds. The City Clerk is hereby authorized and directed to file a <br />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 from each that <br />the Bonds and the taxes levied pursuant hereto have been duly entered upon such County <br />Auditor’s bond register. <br />10.02. Authentication of Transcript. The officers of the City and the County Auditors <br />are hereby authorized and directed to prepare and furnish to the Purchaser and to Dorsey & <br />Whitney LLP, Bond Counsel, certified copies of all proceedings and records relating to the <br />Bonds and such other affidavits, certificates and information as may be required to show the <br />facts relating to the legality and marketability of the Bonds, as the same appear from the books <br />and records in their custody and control or as otherwise known to them, and all such certified <br />copies, affidavits and certificates, including any heretofore furnished, shall be deemed <br />representations of the City as to the correctness of all statements contained therein. <br />10.03. Official Statement. The Preliminary Official Statement relating to the Bonds <br />prepared and distributed by Ehlers is hereby approved. Ehlers is hereby authorized on behalf of <br />the City to prepare and distribute to the Purchaser within seven business days from the date <br />hereof, a Final Official Statement listing the offering price, the interest rates, selling <br />compensation, delivery date, the underwriters and such other information relating to the Bonds <br />required to be included in the Official Statement by Rule l5c2-12 adopted by the Securities and <br />41
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