Resolution No. 4539 - Laserfiche WebLink

Home Browse Search

funds to the State. Delivery of the Bonds will be made on or about October 28, 1997. RIGHT OF REJECTION: The City reserves the right to reject any or all bids, and to waive any irregularities. PRELIMINARY OFFICIAL STATEMENT AND FURTHER INFORMATION: Further information and a "nearly final" preliminary official statement relating to the Bonds will be provided upon request to its financial advisor, Clancy, Gardiner & Pierce, LLC, 115 N.W. First Avenue, Suite 401, Portland, Oregon 97209; telephone: (503) 221-1126. COMPLIANCE WITH SEC RULES: The City agrees to provide the successful bidder with sufficient copies of the official statement in a form "deemed final" by the City for the Bonds at the expense of the City, and such additional copies as the successful bidder may request in its bid form at the expense of the bidder, not later than the seventh business day following the date on which bids are due. Bidders should expect that the official statements will not be available prior to the seventh business day following the date on which bids are due, and should not issue confirmations which request payment prior to that date. The successful bidder must provide the reoffering yields or prices which will be printed on the cover of the final official statement to the City's financial advisor within twenty-four hours after bids are opened. This provision will constitute a contract with the successful bidder upon acceptance of its bid by the City, in compliance with Section 240. 15c2-12(b)(3) in Chapter II of Title 17 of the Code of Federal Regulations. The City further covenants and agrees to enter into a written agreement or contract, constituting an undertaking to provide ongoing disclosure about the City, for the benefit of the Bondholders on or before the date of delivery of the Bonds as required by Section (b)( 5)(i) of Rule 15c2-12 of the Securities and Exchange Commission (the "Rule"), which undertaking shall be a part of the Resolution and in the form as summarized in the Preliminary Official Statement, with such changes as may be agreed to in writing by the Underwriter. The City is in full compliance with each and every undertaking previously entered into by it pursuant to the Rule. CUSIP: CUSIP numbers will be imprinted upon all Bonds of this issue at the City's expense. Failure to print, or improperly imprinted numbers will not constitute basis for the purchaser to refuse to accept delivery. NO LITIGATION: At the time of payment for the delivery of said Bonds, the City will furnish the successful bidder a certificate that there is no litigation pending affecting the validity of the Bonds. FURTHER INFORMATION: Additional information regarding the City and this sale may be obtained from Lana Lindstrom, Treasury Officer, City of Eugene, P.O. Box 1967, Eugene, Oregon 97440; telephone: (541) 682-5027. Page 6 - Exhibit A(l) J:\RDR\EUGENE.Cfl\ADV-REF.97\RES.DOC