21 ATTACHMENT 3 - Laserfiche WebLink

89 Underwriter by its Counsel, Stradling Yocca Carlson & Rauth, a Professional Corporation, Newport Beach, California. Payment of the fees and expenses of Bond Counsel, Disclosure Counsel and the Municipal Advisor is contingent upon issuance of the 2021 Bonds. RATING S&P Global Ratings (“S&P”) has assigned its municipal bond rating of “_____” to the 2021 Bonds.” The rating reflects only the view of S&P, and any desired explanation of the significance of such rating may be obtained from S&P Global Ratings. Generally, a rating agency bases its rating on the information and materials furnished to it and on investigations, studies and assumptions of its own. There is no assurance such rating will continue for any given period of time or that such rating will not be revised downward or withdrawn entirely by the rating agency, if in the judgment of S&P, circumstances so warrant. Any such downward revision or withdrawal of such rating may have an adverse effect on the market price of the 2021 Bonds. Except as otherwise required in the Continuing Disclosure Certificate, none of LAVWMA nor any Member undertakes any responsibility either to bring to the attention of the owners of any 2021 Bonds any downward revision or withdrawal of any rating obtained or to oppose any such revision or withdrawal. A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. UNDERWRITING The 2021 Bonds are being sold at purchase price of $________________ (representing the aggregate principal amount of the 2021 Bonds plus an original issue premium of $________________ and less an underwriting discount of $________________) pursuant to a Bond Purchase Agreement (a “Purchase Agreement”) entered into between LAVWMA and theand Stifel, Nicolaus & Company, Incorporated (the “Underwriter”). The Purchase Agreement provides that the Underwriter will purchase all of the 2021 Bonds, if any are purchased, the obligation to make such purchase being subject to certain terms and conditions set forth in the Purchase Agreement, the approval of certain legal matters by counsel and certain other conditions. The Underwriter will initially offer the 2021 Bonds for sale at the prices and yields set forth on the inside front cover page of this Official Statement. Such prices or yields may subsequently change. The Underwriter reserves the right to join with dealers and other investment banking firms in offering the 2021 Bonds for sale and may offer to sell 2021 Bonds to dealers at prices lower than the initial offering prices.