Laserfiche WebLink
(11) an opinion of Best Best and Krieger LLP, addressed to the City and the <br />Underwriter to the effect that: <br />Based upon the information made available to them in the course of their participation in <br />the preparation of the Preliminary Official Statement and the Official Statement and <br />without passing on and without assuming any responsibility for the accuracy, <br />completeness and fairness of the statements in the Preliminary Official Statement and the <br />Official Statement, and having made no independent investigation or verification thereof, <br />nothing has come to the attention of the attorneys in the firm rendering legal services in <br />connection with the Bonds which would lead them to believe that the Preliminary Official <br />Statement as of its date, and the Official Statement, as of its date and as of the Closing <br />Date (excluding therefrom any information in the Preliminary Official Statement and the <br />Official Statement relating to DTC, the operation of the book -entry system, information <br />regarding financial or statistical data or projections or estimates or expressions of opinion <br />included in the Preliminary Official Statement and the Official Statement and the <br />appendices thereto, as to which no opinion need be expressed) contained or contains any <br />untrue statement of a material fact or omitted or omits to state a material fact necessary in <br />order to make the statements therein, in the light of the circumstances under which they <br />were made, not misleading; <br />(12) an opinion of Curls Battling P.C., Underwriter's Counsel ("Underwriter's <br />Counsel"), dated the Closing Date and addressed to the Underwriter in form and substance <br />acceptable to the Underwriter; <br />(13) an opinion of counsel to the Trustee, dated the Closing Date and addressed to the <br />Underwriter and the City, in a form acceptable to the Underwriter's Counsel and Bond Counsel; <br />(14) Tax Certificate of the City, executed by the City, in form and substance <br />acceptable to Bond Counsel and the Underwriter, setting forth, among other things, the use of <br />proceeds of the Bonds, and sufficient facts, estimates and circumstances (including covenants of <br />and by the City) in existence on the Closing Date, to support the conclusion that (i) it is not expected <br />that the proceeds of the Bonds will be used in a manner that would cause the Bonds to be "arbitrage <br />bonds" within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended, and <br />the regulations, temporary regulations and proposed regulations promulgated with respect thereto, <br />and (ii) to the best knowledge of the City, there are no other facts, estimates, or circumstances that <br />would materially affect such expectations; <br />(15) evidence of required filings with the California Debt and Investment Advisory <br />Commission; <br />(16) the Blue Sky Memorandum with respect to the Bonds prepared by Underwriter's <br />Counsel; <br />(17) a copy of the Blanket Letter of Representation to DTC relating to the City; <br />(18) evidence satisfactory to the Underwriter that. Standard & Poor's Global Ratings. <br />has assigned ratings to the Bonds set forth in the Preliminary Official Statement and that all such <br />ratings are in full force and effect as of the Closing date; <br />(19) [the executed Surety Bond issued by the Insurer, in form and substance <br />acceptable to the Underwriter]; <br />5513 <br />138 <br />