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07-030
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07-030
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5/10/2007 10:49:31 AM
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be the <br />Failure <br />the <br />onsibility of the purchaser. <br />the municipal bond insurer to issue or refusal bfttheBpurchaser to a cept deh~eryton <br />shall not constitute cause for failur Y <br />CUSIP NUMBERS <br />If the <br />Bands, <br />thereto <br />Bonds. <br />shall b <br />s qualify for assignment of CUSIP numbers such numbers will be printed on the <br />neither the failure to print such numbers on any Bond nor any error with respect <br />constitute cause for failure or refusal by the purchaser to accept delivery of the <br />CUSIP Service Bureau charge for the assignment of CUSIP identification numbers <br />i by the purchaser. <br />SETTLEMENT <br />recei <br />of the <br />by rep <br />days following the date of their award, the Bonds will be delivered without cost to the <br />through DTC in New Yark, New York. Delivery will be subject to receipt by the <br />of an approving legal opinion of Kennedy & Graven, Chartered of Minneapolis, <br />~., and of customary closing papers, including a no-litigation certificate. On the date of <br />t, payment for the Bonds shall be made in federal, or equivalent, funds that shall be <br />at the offices of the City or its designee not later than 12:00 Noon, Central Time. <br />rmpliance with the terms of payment for the Bonds has been made impassible by action <br />y, or its agents, the purchaser shall be liable to the City far any loss suffered by the City <br />~ of the purchaser's non-compliance with said terms for payment. <br />CONTINUING DISCLOSURE <br />the Cit will undertake, pursuant to the resolution <br />In ac rdance with SEC Rule 1Sc2-12(b)(S), Y <br />away ' g sale of the Bonds, to provide annual reports and notices of certain events. A <br />descr tion of this undertaking is set forth in the Official Statement. The purchaser's obligation <br />top hose the Bonds will be conditioned upon receiving evidence of this undertaking at or prior <br />to de i ery of the Bonds. <br />OFFICIAL STATEMENT <br />The 'ty has authorized the preparation of an Official Statement containing pertinent information <br />relay e to the Bonds, and said Official Statement will serve as a nearly final Official Statement <br />with the meaning of Rule 1Sc2-12 of the Securities and Exchange Commission. For copies of <br />the facial Statement or for any additional information prior to sale, any prospective purchaser <br />is re rred to the Financial Advisor to the City, Springsted Incorporated, 380 Jackson Street, <br />Suit 300, Saint Paul, Minnesota SS101, telephone (6S1) 223-3000. <br />The fficial Statement, when further supplemented by an addendum or addenda specifyinother <br />ma "ty dates, principal amounts and interest rates of the Bonds, together with any <br />info atinn required by law, shall constitute a "Final Official Statement" of the City ~ E ester <br />tot Bonds, as that term is defined in Rule 15c2-12. By awarding the Bonds to any <br />or derwriting syndicate submitting a proposal therefor, the City agrees that, no more than <br />sev business days after the date of such award, it shall provide without cost to the senior <br />1 SJB NE136-2t4 <br />
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