Agenda - Council - 02/28/1995 - Laserfiche WebLink

Home

prospective purchaser is referred to the Financial Advisor to the City, Springsted Incorporated, 85 Eabt Seventh Place, Suite 100, Saint Paul, Minnesota 55101, telephone (612) 223-3000. The Official Statement, when further supplemented by an addendum or addenda specifying the matur~y dates, principal amounts and interest rates of the Bonds, together with any other information required by law, shall constitute a "Final Official Statement" of the City with respect to th~ Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any underwriter or underwriting syndicate submitting a proposal therefor, the City agrees that, no mor. e ~han seven business days after the date of such award, it shall provide without cost to the sen~o¢ managing underwriter of the syndicate to which the Bonds are awarded 105 copies of the ~cial Statement and the addendum or addenda described above. The City designates the s~nior managing underwriter of the syndicate to which the Bonds are awarded as its agent for pgrposes of distributing copies of the Final Official Statement to each Participating Unde~riter. Any underwriter delivering a proposal with respect to the Bonds agrees thereby that if its proposal is accepted by the City (i)it shall accept such designation and (ii)it shall enteriinto a contractual relationship with all Participating Underwriters of the Bonds for purposes of assuring the receipt by each such Participating Underwriter of the Final Official Statement. Date ; February 28, 1995 BY ORDER OF THE CITY COUNCIL /si Ryan Schroeder Administrator Page 14 I I I I I I I I I I I I I I' I I !