|
<br />one or more other bond issues of the City into a consolidated bond issue pursuant to Section 133.30(B)
<br />of the Revised Code.
<br />The Mayor and the Director of Finance shall sign and deliver the Certificate of Award
<br />and sha11 cause the Bonds to be prepared and signed and delivered, together with a true transcript of
<br />proceedings with reference to the issuance of the Bonds, to the Original Purchaser upon payment of
<br />the purchase price. The Mayor, the Director of Finance, the Director of Law, the Clerk of Council
<br />and other City officials, as appropriate, each are authorized and directed to sign any transcript
<br />certificates, financial statements and other documents and instruments and to take such actions as are
<br />necessary or appropriate to consummate the transactions contemplated by this ordinance.
<br />The Mayor and the Director of Finance shall sign and deliver, in the name and on
<br />behalf of the City and in their official capacities, the Purchase Agreement between the City and the
<br />Original Purchaser, in substantially the form as is now on file with the Clerk of Council, providing for
<br />the sale of the Bonds to, and the purchase of the Bonds by, the Original Purchaser. The Purchase
<br />Agreement is approved, together with any changes or amendments that are not inconsistent with this
<br />ordinance or the Certificate of Award and not substantially adverse to the City and that are approved
<br />by the Mayor and the Director of Finance on behalf of the City, all of which shall be conclusively
<br />evidenced by the signing of the Purchase Agreement or amendments thereto.
<br />(b) Primarv Offering Disclosure -- Official Statement. The Mayor and the
<br />Director of Finance are authorized and directed, on behalf of the City and in their official capacities,
<br />to (i) prepaze or cause to be prepared, and make or authorize modifications, completions or changes
<br />of or supplements to, a disclosure document in the form of an official statement relating to the
<br />original issuance of the Bonds, (ii) determine, and to certify or otherwise represent, when the official
<br />statement is to be "deemed final" (except for permitted omissions) by the City as of its date or is a
<br />final official statement for purposes of paragraph (b) of the Rule, (iii) use and distribute, or authorize
<br />the use and distribution of those official statements and any supplements thereto in connection with
<br />the original issuance of the Bonds, and (iv) complete and sign the final ofFicial statement together
<br />with such certificates, statements or other documents in connection with the finality, accuracy and
<br />completeness of those official statements as they may deem necessary or appropriate.
<br />(c) Agreement to Provide Continuing Disclosure. For the benefit of the holders
<br />and beneficial owners from time to time of the Bonds, the City agrees, as the only obligated person
<br />with respect to the Bonds under the Rule, to provide or cause to be provided such financial
<br />information and operating data, audited financial statements and notices, in such manner, as may be
<br />required for purposes of paragraph (b)(5)(i) of the Rule. The City further agrees, in particular, to
<br />provide or cause to be provided:
<br />(i) to each NRMSIR and to the SID, (A) Annual Information for each City
<br />fiscal year ending on or after December 31, 2000, not later than the 270th day
<br />following the end of the fiscal yeaz, and (B) when and if available, audited City
<br />financial statements for each such fiscal year; and
<br />(ii) to each NRMSIR or to the MSRB, and to the SID, in a timely manner,
<br />notice of (A) any Specified Event if that Event is material, (B) the City's failure to
<br />-14-
<br />.._,, ?, . . ,..e
<br />„?,P?<
|