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owgers by the Depository and to make any other arrangements necessary for the
<br />withdrawal of the Refunding Bonds fi.om the book-entry system.
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<br /> Section 6. Sale of the Bonds. The Refunc~mg Bonds will be sold at private sale to the
<br />Underwriter at a purchase price determined by the Director of Finance in the Certificate of Award.
<br />That purchase price must not be less than 97% of the aggregate Original Principal Amount of the
<br />Refunding Bon~, plus interest accrued tm the Refunding Bonds fi:om their date to the date of the
<br />Closing. The RefuncVmg Bonds must be sold with and upon such other terms as are required or
<br />authorized by this ordinance to be specified in the Certificate of Award, in accordance with law, the
<br />provisions of this orcFmance, and the Purchase Agreement
<br />
<br /> The Director of Finance, if she determines it to be in the best interest of the City, may
<br />combine the Refunding Bonds with one or more other bond issues of the City in a consolidated
<br />securities issue under Section 133.30(B), Revised Code.
<br />
<br /> The Director of Finance must state in the Certificate of A?,verd the Original Principal
<br />Amount of the Refunding Bonds; the principal mounts to be issued as Serial Bonds and Term
<br />Bonds; the interest rates on the Refunding Bonds; the purchase price for the RefuntYmg Bonds; the
<br />amount of Capitalized Interest on the Refunding Bonds, if any, and the date to which the interest on
<br />the Refunding Bonds will be capitalized; and any other terms required by this ordinance. The
<br />Director of Finance may state in the Certificate of Award any changes in the maturity date, the
<br />principal payment schedule, the redemption provialtms, and the designation of the Refimding
<br />Bonds; whether the Refunding Bonds are to be consolidated with other bond issues; and any other
<br />terms authorized by this ortYmance.
<br />
<br /> The Director of Finance muSt sign and deliver the Certificate of Award and must came the
<br />Refunding Bonds to be prepared, signed, and delivered~ together with a tree transcript of
<br />proceedings of the issuance ~)f the Refunding Bonds, to the Underwriter upon payment of the
<br />purchase price.
<br />
<br />Section 7. Disclosure.
<br />
<br />Primary Offering Disclosure - Official Statement, This Council authorizes and
<br />directs the Director of Finance to (1) prepare or cause to be prepared, and to make or
<br />authorize modifications, completions, or changes of or supplements to, a disclosure
<br />document in the form of an official statement, (2) determine, and certify or othenvise
<br />represent, when the official statement is to be "deemed final" (except for permitted
<br />omissions) or is a final official statement for purposes of the SEC Rule, (3) use and
<br />distribute, or authorize the use and distribution of, that official statement and any
<br />supplements in connection with the original issuance of the Bonds, and (4) complete
<br />and sign the final official statement together with certificates, statements, or other
<br />documents in connection with the finality, acctmacy, and completeness of that
<br />official statement,
<br />
<br />Secondary Market Disclosure -- Continuing Disclosure Agreement. For the
<br />benefit of the Holders of the Refunding Bonds and the beneficial owners of book-
<br />entry interests in the Refunding Bonds, the CYlty agrees, as the only obligated person
<br />with respect to the Refunding Bonds under the SEC Rule, to provide financial
<br />information and operating data, financial stataments, and notices, in the manner
<br />required for purposes of paragraph Co)(5)(i) of the SEC Rule.
<br />
<br />(1) Information Filing. The City fur ther agrees, in partitmlar, te provide:
<br />
<br />to each NRMSIR and to the SD, (i) Annual Information for each
<br />City fiscal year, not later than the end o£~the ninth month following
<br />the end of the fiscal year, and (ii) when and if available, audited City
<br />financial statements for each of those fiscal years; and
<br />
<br />(13)
<br />
<br />to each N1LMSIR or to the MSRB, and to the SID, in a timely
<br />manner, notice of (i) any Specified Event if that Specified Event is
<br />material, (ii) the City's failure to provide the Annual information
<br />within the lime specified above, and (iii) any change in the
<br />accounting principies applied in the preparation of its annual
<br />
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