Laserfiche WebLink
Stradling Draft of 8/5/24 <br />4887-1989-4478v4/200356-0620 <br />$_____________ <br />CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY <br />WATER REVENUE REFUNDING BONDS, SERIES 2024 <br />BOND PURCHASE AGREEMENT <br />September ___, 2024 <br />City of Redwood City Public Financing Authority <br />c/o City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Ladies and Gentlemen: <br />Stifel, Nicolaus & Company, Incorporated (the “Underwriter”), acting on behalf of itself <br />and not as an agent or fiduciary for you, offers to enter into this Bond Purchase Agreement (this <br />“Purchase Agreement”) with the City of Redwood City Public Financing Authority (the <br />“Authority”) and the City of Redwood City (the “City”) with regard to the Bonds described below, <br />which Purchase Agreement, upon the acceptance hereof by the Authority and the City, will be <br />binding upon the Authority, the City and the Underwriter. This offer is made subject to the written <br />acceptance of this Purchase Agreement by the Authority and the City and the delivery of such <br />acceptance to the Underwriter at or prior to 11:59 p.m., Pacific time, on the date hereof, and, if it is <br />not so accepted, such offer may be withdrawn by the Underwriter upon written notice to the <br />Authority and the City by the Underwriter at any time before its acceptance. <br />Each of the Authority and the City acknowledges and agrees that (i) the purchase and sale of <br />the Bonds (as defined below) pursuant to this Purchase Agreement is an arm’s-length commercial <br />transaction among the Authority, the City and the Underwriter, (ii) in connection therewith and with <br />the discussions, undertakings, and procedures leading up to the consummation of such transaction, <br />the Underwriter is acting solely as a principal and not as an agent or fiduciary of the Authority or the <br />City, (iii) the Underwriter has not assumed an advisory or a fiduciary responsibility in favor of the <br />Authority or the City with respect to the offering contemplated hereby or the discussions, <br />undertakings, and procedures leading thereto (irrespective of whether the Underwriter has provided <br />other services or is currently providing other services to the Authority or the City on other matters) <br />and the Underwriter has no obligation to the Authority or the City with respect to the offering <br />contemplated hereby except the obligations expressly set forth in this Purchase Agreement, and <br />(iv)the Authority and the City have consulted their own legal, financial, and other advisors to the <br />extent they have deemed appropriate. <br />1.Upon the terms and conditions and upon the basis of the representations, warranties, <br />and agreements hereinafter set forth, the Underwriter hereby agrees to purchase from the Authority <br />for reoffering to the public, and the Authority hereby agrees to sell to the Underwriter for such <br />8.A. - Page 212 of 255 <br />840