RES 90022 - Laserfiche WebLink

Municipal Improvement Act of 1913 (California Streets and Highways Code Section 10000 et seq.) (the "1913 Act") and Resolution of Intention No. , adopted by the City Council of the City on , (the "Resolution of Intention"). The Resolution of Issuance and the Resolution of Intention are herein referred to as the "Resolutions". The Bonds shall be subject to redemption as set forth in the Official Statement. 3. Public Offering. The Underwriter agrees to make a bona fide public offering of all the Bonds initially at the public offering prices (or yields) set forth on the cover page of the Official Statement. Subsequent to the initial public offering, the Underwriter reserves the right to change the public offering prices (or yields) as it deems necessary in connection with the marketing of the Bonds. The Bonds may be offered and sold to certain dealers (including dealers depositing such Bonds into investment trusts) at prices lower than such initial public offering prices. 4. Delivery of Documents. At the time of or before the City's acceptance hereof (or such later date as the Underwriter may consent to) the City shall deliver to the Underwriter a copy of the Resolutions and all proceedings relating thereto, certified by the City Clerk. The City authorizes the use of the Official Statement in connection with the public offering and sale of the Bonds. (a) The City agrees to deliver the Final Official Statements to the Underwriter, at such addresses as the Underwriter shall specify, as many copies of the Official Statement as the Underwriter shall reasonably request as necessary to comply with paragraph (b)(4) of Rule 15c2-12 of the Securities and Exchange Commission under the Securities Exchange Act of 1934 (the "Rule") and with Rule G-32 and alt other applicable rules of the Municipal Securities Rulemaking Board. The City agrees to deliver the final Official Statements within __ business days after the execution hereof. (b) The City hereby authorizes and approves the Preliminary Official Statement dated and the Final Official Statement and any amendments or supplements that may be authorized for use with respect to Official Statement by a duly authorized officer of the City. (c) The Underwriter shall give notice to the City on the date after which no participating underwriter, as such term is defined in the Rule, remains obligated to deliver Final Official Statements pursuant to paragraph (b)(4) of the Rule. (f) If, at any time prior to the earlier of (i) receipt of notice from the Underwriter pursuant to subsection (c) of this Section 4 hereof that the Final Official Statements are no longer required to be delivered under the Rule or (ii) 90 days after the Closing, any event occurs with respect to the City as a result of which -2-