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Agmt91 Bonds, Public Financing
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Agmt91 Bonds, Public Financing
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Last modified
7/5/2005 2:29:38 PM
Creation date
1/4/2005 9:08:42 AM
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Template:
Agreement
Contractor Name
Bonds, Public Financing Authority
PROJECT NAME
revenue bonds 1991
RMP File Number
508
Date
6/18/1991
Reso Ref
PFA-91-01 RD-91-5 11532 PFIA-91-01 11547
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<br />"' <br /> <br />~ <br /> <br />approved in substantially the form on file with the City Clerk, <br /> <br />together with such additions thereto and changes therein as the <br /> <br />City Attorney shall deem necessary, desirable or appropriate, the <br /> <br />execution of which by the Mayor shall be conclusive evidence of <br /> <br />the approval of any such additions and changes. <br /> <br />The Mayor is <br /> <br />hereby authorized and directed to execute, and the City Clerk is <br /> <br />hereby authorized and directed to attest and affix the seal of the <br /> <br />City to, the final form of the Lease Agreement for and in the name <br /> <br />and on behalf of the City. <br /> <br />The City Council hereby authorizes the <br /> <br />Section <br /> <br />3. <br /> <br />Sale <br /> <br />of <br /> <br />Bonds. <br /> <br />The <br /> <br />City <br /> <br />Council <br /> <br />hereby <br /> <br />CD <br />... <br />... <br />Q <br />N <br />:I <br />~ <br /> <br />delivery and performance of the Lease Agreement. <br /> <br />approves the sale of the Bonds by the Authority by negotiation <br /> <br />with Rauscher pierce Refsnes, Inc. as underwriter, pursuant to the <br /> <br />Purchase Contract in substantially the form on file with the City <br /> <br />Clerk. <br /> <br />The amount of underwriter I s discount shall be not more <br /> <br />than two percent <br /> <br />(2%) <br /> <br />of the par amount thereof and the net <br /> <br />effective rate of interest to be represented by the Bonds (taking <br /> <br />into account any original issue discount on the sale. thereof) <br /> <br />shall not exceed eight percent (8%) per annum. <br /> <br />Section <br /> <br />4. <br /> <br />Official <br /> <br />Actions. <br /> <br />The <br /> <br />Mayor, <br /> <br />the <br /> <br />City <br /> <br />Manager, <br /> <br />the Finance Director, <br /> <br />the City Clerk a.nd any and all <br /> <br />other officers of the City Council are hereby authorized and <br /> <br />directed, for and in the name and on behalf of the City, to do any <br /> <br />and all things and take any and all actions, including execution <br /> <br />and <br /> <br />delivery <br /> <br />of <br /> <br />any <br /> <br />and <br /> <br />all <br /> <br />assignments, <br /> <br />certificates, <br /> <br />requisitions, <br /> <br />agreements, <br /> <br />notices, <br /> <br />consents, <br /> <br />instruments <br /> <br />of <br /> <br />conveyance, warrants and other documents which they, or any of <br /> <br />-3- <br />
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