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<br />3DrlJ <br /> <br />City of Redwood City <br />February 8, 2000 <br />Page 2 <br /> <br />B. <br /> <br />c. <br /> <br />the Official Statement for accuracy relating to matters concerning the Issuer, and the <br />revenues and funds of the Issuer. The Official Statement will include a description of the <br />Bonds, the Issuer and pertinent financial and economic data relating to the Community <br />Facilities District, the Issucr and the surrounding area, The approval, execution and <br />delivery of the Official Statement will be duly authorized by the Issuer for use by the <br />Underwriter in marketing the Bonds. <br /> <br />Marketinl! the Bonds <br /> <br />1. <br /> <br />At the designated time for each sale of Bonds, the Underwriter will submit an offer to the <br />Issuer to purchase the Bonds by way of a Purchase Contract. The purchase offer will be <br />executed subject to pertinent resolutions of the Issuer, the Official Statement(s), and all <br />other necessary documents, approvals and proceedings governing such Bonds having been <br />determined by Bond Counsel, the Issuer, its Financial Advisor and the Underwriter to be <br />satisfactory in all respects for financing purposes. It is intended that once purchased, the <br />Bonds will be re-offered to the public on the basis of an immediate bona fide public <br />offering. <br /> <br />2. <br /> <br />At least one day prior to the submission of any such formal offer to the Issuer for the <br />purchase of the Bonds, the Underwriter will indicate to the Issuer the interest rate or rates, <br />the purchase price from the Issuer, and the public offering price of the Bonds that the <br />Underwriter then estimates will be included in such offer. The Underwriter will furnish <br />information to the Issuer relating to the interest rates and purchase prices for similar <br />municipal bond issues recently sold by other California public agencies. If, after <br />negotiations in good faith, the Issuer and the Underwriter fail to agree on the terms of sale <br />of the Bonds, the Issuer may then offer the Bonds for sale to others without any further <br />obligation to the Underwriter. The compensation to the Underwriter is realized through the <br />discounted purchase price of the Bonds. <br /> <br />General Provisions Relatine: to the Issuer and the Underwriter <br /> <br />1. <br /> <br />The Issuer agrees to make available to the Underwriter without cost, sufficient copies of <br />any applicable reports, agreements, contracts, resolutions and other relevant documents <br />regarding the Issuer or the Bonds as reasonably may be required from time to time for the <br />prompt and efficient performance by the Underwriter of its obligations hereunder. <br /> <br />2. <br /> <br />The Underwriter will pay its own out-of-pocket and other expenses, including the cost of <br />any legal counsel which may be retained by the Underwriter, Blue Sky and Investment <br />Memorandum and any advertising expenses in connection with the public offering of the <br />Bonds. <br /> <br />3. <br /> <br />The Issuer will pay from the proceeds of the Bonds, or otherwise, all costs and expenses <br />customarily paid therefrom including the cost of printing the Official Statement (including <br />Preliminary Official Statement), and any other documents, the fees and expenses of its <br />legal counsel, bond counsel, disclosure counsel, financial advisor, accountants, architects, <br /> <br />>~>-»-»»T>'> <br />