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7.0 <br /> ATTACHM��g � <br /> Description of Principal Bond-Related Documents <br /> Fiscai Asaent Aqreement: This is the contract with the owners of the bonds. It <br /> specifies the terms and relevant features of the bonds (e.g., principal maturities, interest <br /> rates, redemption provisions, how payments are made, etc.); it establishes the funds <br /> and accounts to be maintained by the City and the fiscal agent; it establishes the pledge <br /> to repay the bonds and limits the security for the payment of interest on and principal of <br /> the bonds, it establishes certain covenants of the City (e.g., to pay interest and principal <br /> timely, to keep proper books and records, to comply with all local, state and federal laws <br /> relating to the bonds, to provide continuing disclosure related to the bonds, etc.); it <br /> specifies how monies are to be invested and how interest earnings are to be applied; it <br /> establishes to duties of the fiscal agent; it specifies the conditions under which <br /> amendments to the fiscal agent agreement may be made; and it addresses other <br /> miscellaneous matters necessary for the sale of bonds and the administration of the <br /> bonds. <br /> Acquisition and Reimbursement Aqreement: The Acquisition and <br /> Reimbursement Agreement details the specific terms under which the City will <br /> reimburse the developer for the construction of public infrastructure authorized to be <br /> financed by the District. It lists the specific improvements to be acquired by the City (the <br /> "Facilities") and their budgeted costs, requires plans for the Facilities to be submitted to <br /> the City and specifies inspection requirements, stipulates perFormance and payment <br /> bond requirements, required terms for contracts with general contractors, and specifies <br /> required guarantees and the bidding requirements associated with the Facilities. It <br /> further specifies what fees may be reimbursed from bond proceeds and the terms under <br /> which such reimbursements may be made. It additionally specifies required insurance <br /> and details associated with the transfer of title for acquired Facilities. <br /> Bond Purchase A�reement: This is the contract between the City and the underwriter <br /> specifying the interest rates and reoffering yields on the bonds and the price the <br /> underwriter will pay to the City for the purchase of the bonds. It is a firm commitment to <br /> buy the bonds, but because there is a time interval of 2 to 3 weeks between the <br /> execution of the contract and the closing (the delivery of bonds and the payment of <br /> money), it also specifies various conditions on which the offer to purchase the bonds is <br /> contingent. These conditions include various legal opinions from the City Attomey, <br /> bond counsel, disclosure counsel and the developer's counsel, various certificates to be <br /> delivered by City officials, various documents to be executed by parties to the financing, <br /> various actions to have been taken by the City and other conditions designed to assure <br /> the underwriter that all actions necessary to the lawful delivery of the bonds have been <br /> taken and that all disclosure is complete, not misleading and true. <br /> ContinuinQ Disclosure Certi�cate — Issuer: The SEC does not have the authority to <br /> regulate municipal bond issuers. lt can, however, regulate bond underwriters. The <br /> official statement provides comprehensive disclosure to investors at the time bonds are <br /> initially sold. In the interest of requiring more up-to-date information to be provided to <br /> investors, the SEC also requires bond underwriters to provide continuing disclosure of <br /> 1 <br />