Laserfiche WebLink
City of Pleasanton <br />July 14, 1982 <br />Page Two <br /> <br />Work with the City's bond counsel in recommending <br />specific terms and conditions affecting the basic secu- <br />rity and marketability of the Bonds. <br /> <br />Prepare the text of an offering memorandum (the "Offering <br />Circular") for sale of the securities, thereby shifting <br />the responsibility for full disclosure from the City to <br />the Managing Underwriters. Said memorandum will include <br />a description of the Bonds and their security, and <br />pertinent financial and economic data. In preparation of <br />such Offering Circular we will exercise due diligence in <br />the ascertainment of all material facts and disclosure in <br />the Offering Circular. <br /> <br />4. Be present at any necessary information meetings. <br /> <br />5. If the City so requests, we will assist in arranging the <br /> selection of a paying agent. <br /> <br />B. Marketing the Bonds: <br /> <br />The Managing Underwriters will use their best efforts to <br />accomplish the formal marketing of the Bonds which should <br />be accomplished at the earliest date possible consistent <br />with sound investment banking and underwriting princi- <br />ples. It is intended that, once purchased, the Bonds <br />will be re-offered to the public on the basis of an <br />immediate "bona fide public offering." The Managing <br />Underwriters may form a group of investment banking firms <br />for the purpose of underwriting and selling the Bonds. <br /> <br />Wulff, Hansen & Co. will submit an offer to the City to <br />purchase the Bonds at least 5 days prior to the final <br />confirmation of the assessments, subject to pertinent <br />resolutions and all other necessary documents, approvals, <br />and proceedings governing such Bonds having been <br />determined by bond counsel, the City, and the Managing <br />Underwriters to be satisfactory in all respects for <br />financing purposes; provided, however, that the Offering <br />Circular shall be the sole responsibility of the <br />Managing Underwriters as herein above set forth in <br />paragraph A.3. If, after negotiation in good faith, the <br />City and Managing Underwriters are unable to agree on the <br />terms of sale of the Bonds, the City may then offer the <br />Bonds for sale to others. <br /> <br /> <br />