Agenda - Council - 07/12/2022 - Laserfiche WebLink

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EXHIBIT A FORM OF ISSUE PRICE CERTIFICATE [TO BE UPDATED BY BOND COUNSEL AS NEEDED] [ ] $[ ] City of Ramsey,Minnesota City of Ramsey,Minnesota Charter School Lease Revenue Taxable Charter School Lease Revenue and Refunding Bonds and Refunding Bonds (PACT Charter School Project) (PACT Charter School Project) Series 2022A Series 2022A CERTIFICATE OF UNDERWRITER [ ],2022 The undersigned, for and on behalf of Robert W.Baird&Co. Incorporated(the"Underwriter"), certifies as follows with respect to the sale and issuance by the City of Ramsey,Minnesota(the"Issuer")of its(i)Charter School Lease Revenue Refunding Bonds (PACT Charter School Project), Series 2022A(the "Series 2022A Bonds"), in the original aggregate principal amount of$ ; and (ii) Taxable Charter School Lease Revenue Refunding Bonds(PACT Charter School Project),Series 2022B(the"Series 2022B Bonds,"and together with the Series 2022A Bonds,the"Series 2022 Bonds"),in the original aggregate principal amount of$ 1. Sale of Series 2022A Bonds. As of the date of this Certificate of Underwriter(the "Certificate"), for each Maturity of the Series 2022A Bonds,the first price at which at least 10%of such Maturity of the Series 2022A Bonds was sold to the Public is the respective price provided in EXHIBIT A attached hereto. Capitalized terms used herein that are otherwise not defined shall have the meanings assigned to such terms in Section 7 hereof or in the Indenture(hereinafter defined). 2. Purchase Price and Receipt. The Series 2022A Bonds were purchased by the Underwriter at a purchase price of$ (the principal amount of$ , [plus][minus] original issue[premium][discount] of $ , [less original issue discount of$ ,]less Underwriter's discount of$ ). The Series 2022B Bonds were purchased by the Underwriter at a purchase price of$_ (the principal amount of $ , [plus][minus] original issue [premium][discount] of $ , [less original issue discount of $ ,]less Underwriter's discount of$ ). Receipt of the executed and authenticated Series 2022 Bonds from U.S. Bank Trust Company, National Association, a national banking association (the "Trustee"), is hereby acknowledged by the Underwriter. 3. Yield. The Underwriter has determined the yield on the Series 2022A Bonds as the discount rate that, when used in computing the present value, as of [ ], 2022, of all unconditionally payable payments of principal of and interest on the Series 2022A Bonds,produces an amount equal to the present value,using the same discount rate,of the aggregate issue price of the Series 2022A Bonds as of[ ],2022. Based on the foregoing and the instructions of Taft Stettinius&Hollister LLP,the Underwriter has calculated a yield on the Series 2022A Bonds of %. 4. Weighted Average Maturity; Remaining Weighted Average Maturity. For purposes of the Information Return for Tax-Exempt Private Activity Bond Issues, Form 8038 (Rev. February 2022) ("Form 8038"), prepared with respect to the Series 2022A Bonds,the Underwriter hereby certifies that the weighted average maturity of the Series 2022A Bonds is years. The remaining weighted average maturity of the Issuer's Charter School Lease Revenue Refunding Bonds (PACT Charter School Project), Series 2013A, issued in the principal amount of $10176500 is years. 5. Reserve Fund. The Tax-Exempt Account of the Reserve Fund established pursuant to the terms of the Indenture is being funded from the proceeds of the Series 2022A Bonds in the amount of$ and the Taxable Account of the Reserve Fund established pursuant to the terms of the Indenture is being funded from the proceeds of the Series 2022B Bonds in the amount of$ The funding of the Reserve Fund in the amount A-1