My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
FULL AGENDA PACKET_2021-03-16
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2021
>
03/16/2021 Regular
>
FULL AGENDA PACKET_2021-03-16
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/8/2025 11:27:07 AM
Creation date
7/8/2021 4:07:17 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Date
3/16/2021
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
725
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
Exhibit A. The Bonds may be offered and sold to certain dealers at prices lower than such initial <br />public offering prices. <br />Section 4. The Official Statement. By its acceptance of this Purchase Agreement, the <br />City ratifies, confirms and approves of the use and distribution by the Underwriter prior to the date <br />hereof of the Preliminary Official Statement relating to the Bonds, dated , 2021 (including <br />the cover page, all appendices and all information incorporated therein and any supplements or <br />amendments thereto and as disseminated in its printed physical form or in electronic form in all <br />respects materially consistent with such physical form, the "Preliminary Official Statement") that <br />the City has deemed "final" as of its date, for purposes of Rule 15c2-12 except for certain omissions <br />permitted to be omitted therefrom by Rule 15c2-12. The City hereby agrees to deliver or cause to be <br />delivered to the Underwriter, within seven (7) business days of the date hereof, copies of the final <br />official statement, dated the date hereof, relating to the Bonds (including all information previously <br />permitted to have been omitted by Rule 15c2-12, the cover page, all appendices, all information <br />incorporated therein and any amendments or supplements as have been approved by the City and the <br />Underwriter (the "Official Statement")) in such quantity as the Underwriter shall reasonably request <br />to comply with Rule 15c2-12(b)(4) and the rules of the Municipal Securities Rulemaking Board (the <br />"MSRB"). To the extent required by applicable MSRB Rules, the City hereby confirms that it does <br />not object to distribution of the Official Statement in electronic form. <br />Section 5. Closing. At 8:00 a.m., California time, on 2021, or at such <br />other time or date as the City and the Underwriter mutually agree upon, the City shall deliver or <br />cause to be delivered to the Trustee, and the Trustee shall deliver or cause to be delivered through the <br />facilities of The Depository Trust Company, New York, New York ("DTC"), the Bonds in definitive <br />form, duly executed and authenticated. Concurrently with the delivery of the Bonds, the City shall <br />deliver the documents hereinafter mentioned at the offices of Stradling Yocca Carlson & Rauth, <br />Newport Beach, California ("Bond Counsel") or another place to be mutually agreed upon by the <br />City and the Underwriter. The Underwriter will accept such delivery and pay the purchase price of <br />the Bonds as set forth in Section 1 hereof by wire transfer in immediately available funds. This <br />payment for and delivery of the Bonds, together with the delivery of the aforementioned documents <br />referenced herein, is called the "Closing." <br />The Bonds shall be registered in the name of Cede & Co., as nominee of DTC in <br />denominations of $5,000 and any integral multiple thereof as provided in the Trust Agreement, and <br />shall be made available to the Underwriter at least one (1) business day before the Closing for <br />purposes of inspection and packaging. The City acknowledges that the services of DTC will be used <br />initially by the Underwriter to permit the issuance of the Bonds in book -entry form, and agrees to <br />cooperate fully with the Underwriter in employing such services. <br />Section 6. Representations, Warranties and Covenants of the City. The City <br />represents, warrants and covenants to the Underwriter as follows. <br />(a) The City is a charter city and municipal corporation of the State of California (the <br />"State"), duly organized and validly existing pursuant to the Constitution and laws of the State and <br />its charter. <br />(b) The City had full legal right, power and authority to adopt Resolution No. , <br />adopted by a majority of the City Council on , 2021 (the "Resolution"), and the City has, <br />and at the Closing Date will have, full legal right, power and authority (1) to execute and deliver the <br />City Council 3 33 — 67 3/16/2021 <br />4821-485.-60270/200434-0005 <br />
The URL can be used to link to this page
Your browser does not support the video tag.