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SA-3 - RESO TAX ALLOCATION BOND
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07/17/2018
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SA-3 - RESO TAX ALLOCATION BOND
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Last modified
7/12/2018 5:35:37 PM
Creation date
7/12/2018 5:27:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
7/17/2018
Destruction Year
2023
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(b) The Successor Agency agrees to cooperate with the Underwriter in the <br />preparation of any supplement or amendment to the Official Statement deemed necessary by <br />the Underwriter to comply with Rule 15c2-12 and any applicable rule of the MSRB. <br />(c) If at any time prior to the Closing Date, any event occurs with respect to the <br />Successor Agency as a result of which the Official Statement, as then amended or <br />supplemented, might include an untrue statement of a material fact, or omit to state any <br />material fact necessary to make the statements therein, in light of the circumstances under <br />which they were made, not misleading, the Successor Agency shall promptly notify the <br />Underwriter in writing of such event. Any information supplied by the Successor Agency for <br />inclusion in any amendments or supplements to the Official Statement will not contain any <br />untrue or misleading statement of a material fact or omit to state any such fact necessary to <br />make the statements therein, in the light of the circumstances under which they were made, <br />not misleading. <br />(d) The Successor Agency will not knowingly take or omit to take any action, <br />which action or omission will in any way cause the proceeds from the sale of the Bonds to be <br />applied in a manner other than as provided in the Indenture or which would cause the interest <br />on the Series A Bonds to be includable in gross income of the owners of the Series A Bonds <br />for federal income tax purposes. <br />6. Closing. On , 2018, or at such other date and times as shall have been <br />mutually agreed upon by the Successor Agency and the Underwriter (the "Closing Date"), the <br />Successor Agency will deliver or cause to be delivered the Bonds to the Underwriter, and the <br />Successor Agency shall deliver or cause to be delivered to the Underwriter the certificates, opinions <br />and documents hereinafter mentioned, each of which shall be dated as of the Closing Date. The <br />activities relating to the execution and delivery of the Bonds, opinions and other instruments as <br />described in Section 8 of this Bond Purchase Agreement shall occur on the Closing Date, unless <br />otherwise specified herein. The delivery of the certificates, opinions and documents as described <br />herein shall be made at the offices Orrick, Herrington & Sutcliffe LLP, in Los Angeles, California <br />("Bond Counsel'), or at such other place as shall have been mutually agreed upon by the Successor <br />Agency and the Underwriter. Such delivery is herein called the "Closing." <br />The Bonds will be prepared and physically delivered to the Trustee on the Closing Date in <br />the form of a separate single fully registered bond for each of the maturities of the Bonds. The Bonds <br />shall be registered in the name of the Cede & Co., as registered owner and nominee for DTC, New <br />York, New York. The Bonds will be authenticated by the Trustee in accordance with the terms and <br />provisions of the Indenture and shall be delivered to DTC prior to the Closing Date as required by <br />DTC to assure delivery of the Bonds on the Closing Date. It is anticipated that CUSIP identification <br />numbers will be printed on the Bonds, but neither the failure to print such number on any Bond nor <br />any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to <br />accept delivery of and pay for the Bonds in accordance with the terms of this Bond Purchase <br />Agreement. <br />At or before 8:00 a.m., Pacific Standard time, on the Closing Date, the Successor Agency <br />will deliver, or cause to be delivered, the Bonds to DTC, in definitive form duly executed and <br />authenticated by the Trustee, and the Underwriter will pay the Purchase Price of the Bonds by <br />delivering to the Trustee, for the account of the Successor Agency a wire transfer in federal funds of <br />8 <br />SA -3-100 <br />
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