AgdaPkt 2010-08-09 - Laserfiche WebLink

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b.Lt:S Page 54 ATTACHMENT 6 Prepare the rate and method of apportionment of the special tax (RMA). The RMA will document the special tax formula, maximum special tax rates, classification of property for purposes of the annual levy, the prepayment methodology, etc. Prepare the public report which shall contain a description and estimated costs of the proposed public facilities to be financed by the CFD, estimated bonded indebtedness and related issuahce costs and incidental expenses, and an explanation of the special tax apportionment methodology. Prepare and/or review of the CFD boundary map pursuant to the requirements of the Mello-Roos Act and the San Mateo County (County) Recorder's office. Assist City and its finance team in the preparation and review of legal and bond documents for the formation of the CFD, including Resolution of Intent and Resolution of Formation, and assist participating parties in executing such agreements, as needed. Disclosure Counsel - Jones Hall Prep.are the official statement, the primary disclosure document for a municipal bond offering, the continuing disclosure certificate, and the bond purchase agreement. Provide legal opinion addressed to the City that nothing has come to such counsel's attention indicating that the disclosure regarding the bonds contains any misstatements of material facts or any material omissions. Underwriter - Piper Jaffray Work with the City, financial advisor, bond counsel, and other members of the issuer's financing team in structuring the financing including recommending specific terms and conditions relating to the bonds the security for the bonds. Work with the issuer to create the most feasible and efficient structure for the bonds and to enhance their marketability. 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 bond laws. The official statement is the primary disclosure document and will include a description of the bonds, the issuer, and pertinent financial and economic data relating to the Project, the developer, the City and the surrounding area. At the designated time for each sale of bonds, the underwriter will submit an offer to the issuer to purchase the bonds by way of a purchase contract. It is intended that once purchased, the bonds will be re-offered to the public on the basis of an immediate bona fide public offering.