RES 2024025 - Laserfiche WebLink

48 These covenants have been made in order to assist the Underwriter in complying with Securities Exchange Commission Rule 15c2-12(b)(5) (the “Rule”). The specific nature of the information to be contained in the Annual Report or the notices of listed events by the City is set forth in “APPENDIX C – Form of Continuing Disclosure Certificate.” The City has previously entered into continuing disclosure undertakings under the Rule in connection with the issuance of long-term obligations and has not, in the past five years, failed to comply in all material respects with such undertakings. UNDERWRITING Siebert Williams Shank & Co., LLC, as underwriter of the 2024 Bonds (the “Underwriter”), has agreed to purchase the 2024 Bonds from the Authority at a purchase price of $______________ which represents the aggregate principal amount of the 2024 Bonds, plus/less [net] original issue premium/discount of $___________, less underwriter’s discount of $_________. The purchase contract under which the Underwriter is purchasing the 2024 Bonds provides that the Underwriter will purchase all of the 2024 Bonds if any are purchased. The obligation of the Underwriter to make such purchase is subject to certain terms and conditions set forth in the purchase contract. The public offering prices of the 2024 Bonds may be changed from time to time by the Underwriter. The Underwriter may offer and sell the 2024 Bonds to certain dealers and others at a price lower than the offering price stated on the cover page of this Official Statement. MUNICIPAL ADVISOR The Authority has retained PFM Financial Advisors LLC, as its municipal advisor (the “Municipal Advisor”) in connection with the authorization and delivery of the 2024 Bonds. The Municipal Advisor assumes no responsibility for the information, covenants and representations contained in any of the legal documents with respect to the federal income tax status of the 2024 Bonds, or the possible impact of any present, pending or future actions taken by any legislative or judicial bodies.