AgdaPkt 2000-02-28 - Laserfiche WebLink

Browse Search

~ '3D1~ S ton e & You n g be r g LLC Established 1931 UNDERWRITING AGREEMENT February 8, 2000 City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Regarding: Greetings: Underwriting Agreement for the Pacific Shores Community Facilities District This letter will serve as an agreement between the City of Redwood City (the "Issuer") and Stoñe & Youngberg LLC (the "Underwriter") to serve as Underwriter to the Issuer until the parties enter into an actual Purchase Contract regarding the negotiated sale of bonds or certificates ("Bonds") to be authorized and sold by the Issuer. You have informed us that the Issuer intends to authorize the issuance of Bonds to fmance the construction of improvements to facilitate the construction of the Pacific Shores Center. For this purpose the Issuer desires the services of the Underwriter to assist in structuring the financing, evaluating the credit features of the financing and entering into a Purchase Contract for Bonds that are sold for that purpose. As Underwriter, we will use our best efforts to bring the Bonds to market at the lowest interest rates practicable under the market conditions existing at the time of their sale. 111e Issuer and the Underwriter will mutually agree upon the date of sale, which will be scheduled so that proceeds may be delivered to the Issuer for the purpose of timely meeting its objectives. A. Structurine: the Financine 1. 2. 3. The Underwriter will work with the Issuer, Financial Advisor, Bond and other members of the Issuer's financing team in recommending specific terms and conditions affecting the Bonds \\lith the purposes of meeting the Issuer's financing objectives and assuring appropriate credit quality. The Underwriter will work with the Issuer to create the most feasible and efficient structure for the Bonds and to enhance their marketability. The UndemTÌter will assist the City's Disclosure Counsel in preparing drafts of the Official Statement(s) (preliminary and final versions, respectively) for sale of the Bonds in accordance with the standards of Rule 15c2-12 of the Securities Exchange Commission and other applicable securities laws. The Issuer agrees to participate in this document's preparation by providing pertinent information to be included therein and agrees to review 50 California Street - San Francisco, California 94111 - 415/981-1314 .~._.., '-"'T'"