My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
8.1. SR 07-15-2019
ElkRiver
>
City Government
>
City Council
>
Council Agenda Packets
>
2011 - 2020
>
2019
>
07-15-2019
>
8.1. SR 07-15-2019
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/12/2019 8:05:54 AM
Creation date
7/12/2019 8:02:40 AM
Metadata
Fields
Template:
City Government
type
CCM
date
7/15/2019
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
19
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />CUSIP NUMBERS <br /> <br />If the Bonds qualify for the assignment of CUSIP numbers such numbers will be printed on the <br />Bonds; however, neither the failure to print such numbers on any Bond nor any error with respect <br />thereto will constitute cause for failure or refusal by the Purchaser to accept delivery of the Bonds. <br />Baker Tilly MA will apply for CUSIP numbers pursuant to Rule G-34 implemented by the Municipal <br />Securities Rulemaking Board. The CUSIP Service Bureau charge for the assignment of CUSIP <br />identification numbers shall be paid by the Purchaser. <br /> <br />SETTLEMENT <br /> <br />On or about September 19, 2019, the Bonds will be delivered without cost to the Purchaser through <br />DTC in New York, New York. Delivery will be subject to receipt by the Purchaser of an approving <br />legal opinion of Kennedy & Graven, Chartered of Minneapolis, Minnesota, and of customary <br />closing papers, including a no-litigation certificate. On the date of settlement, payment for the <br />Bonds shall be made in federal, or equivalent, funds that shall be received at the offices of the City <br />or its designee not later than 12:00 Noon, Central Time. Unless compliance with the terms of <br />payment for the Bonds has been made impossible by action of the City, or its agents, the Purchaser <br />shall be liable to the City for any loss suffered by the City by reason of the Purchaser's non- <br />compliance with said terms for payment. <br /> <br />CONTINUING DISCLOSURE <br /> <br />In accordance with SEC Rule 15c2-12(b)(5), the City will undertake, pursuant to the resolution <br />awarding sale of the Bonds, to provide annual reports and notices of certain events. A description <br />of this undertaking is set forth in the Official Statement. The Purchaser's obligation to purchase the <br />Bonds will be conditioned upon receiving evidence of this undertaking at or prior to delivery of the <br />Bonds. <br /> <br />OFFICIAL STATEMENT <br /> <br />The City has authorized the preparation of a Preliminary Official Statement containing pertinent <br />information relative to the Bonds, and said Preliminary Official Statement has been deemed final by <br />the City as of the date thereof within the meaning of Rule 15c2-12 of the Securities and Exchange <br />Commission. For copies of the Preliminary Official Statement or for any additional information <br />prior to sale, any prospective purchaser is referred to the Municipal Advisor to the City, Baker Tilly <br />Municipal Advisors, LLC, 380 Jackson Street, Suite 300, Saint Paul, Minnesota 55101, telephone <br />(651) 223-3000. <br /> <br />A Final Official Statement (as that term is defined in Rule 15c2-12) will be prepared, specifying the <br />maturity dates, principal amounts, and interest rates of the Bonds, together with any other <br />information required by law. By awarding the Bonds to the Purchaser, the City agrees that, no more <br />than seven business days after the date of such award, it shall provide without cost to the Purchaser <br />up to 25 copies of the Final Official Statement. The City designates the Purchaser as its agent for <br />purposes of distributing copies of the Final Official Statement to each syndicate member, if <br />* Preliminary; subject to change. <br />A-6 <br />589683v1EL185-44 <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.