HomeMy WebLinkAboutRes.3283.09-03-2019 BILL NO. 19-142 RESOLUTION NO.3c9S3
A RESOLUTION AUTHORIZING THE OFFERING FOR SALE
OF WATERWORKS SYSTEM REFUNDING REVENUE BONDS
OF THE CITY OF CAPE GIRARDEAU,MISSOURI
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CAPE GIRARDEAU,
MISSOURI,AS FOLLOWS:
Section 1. The City of Cape Girardeau, Missouri (the "City") is hereby authorized to offer at
competitive public sale approximately $8,735,000 principal amount of Waterworks System Refunding
Revenue Bonds, Series 2019 (the"Bonds"), as described in the Notice of Bond Sale attached hereto as
Exhibit A.
Section 2. The City Manager is hereby authorized and directed to receive electronic bids for the
purchase of the Bonds- at City Hall, 401 Independence Street, in Cape Girardeau, Missouri, until
10:30 a.m., Central Time, on September 16, 2019, upon the terms and conditions set forth in the Notice of
Bond Sale. The City Council hereby authorizes the City Manager, after consultation with Piper Jaffray&
Co., municipal advisor to the City (the "Municipal Advisor"), to cancel or postpone to a later date
designated by the City Manager, the planned date for receiving electronic bids for the purchase of the
Bonds if market conditions are expected to adversely impact the receipt of favorable bids for the purchase
of the Bonds on the originally scheduled date.
Section 3. The Notice of Bond Sale is hereby approved in substantially the form attached hereto
as Exhibit A. The City Manager is hereby authorized to execute the Notice of Bond Sale, with such
changes and additions thereto as such official shall deem necessary or appropriate, and to use such
document in connection with the-public sale of the Bonds.
Section 4. The Preliminary Official Statement is hereby approved in substantially the form
attached hereto as Exhibit B, with such changes and additions thereto as the City Manager shall deem .
necessary or appropriate, and the appropriate officers and representatives of the City are hereby
authorized to use such document in connection with the public sale of the Bonds. The City hereby deems
the Preliminary Official Statement to be"final"as of its date, except for the omission of such information
as is permitted by Rule 15c2-12(b)(1) of the Securities and Exchange Commission (the"Rule"). For the
purpose of enabling the purchaser of the Bonds (the "Original Purchaser") to comply with the
requirements of the Rule, the appropriate officers of the City are hereby authorized, if requested, to
provide the Original Purchaser a letter or certification to that effect, and to take such other actions or
execute such other documents as such officers in their reasonable judgment deem necessary to enable the
Original Purchaser to comply with the requirements of the Rule.
Section 5. The City authorizes the Municipal Advisor to proceed with the use and distribution of
the Notice of Bond Sale and the Preliminary Official Statement in connection with the public sale of the
Bonds. The City further authorizes Gilmore& Bell, P.C., Bond Counsel, to proceed with the preparation
of all legal proceedings necessary for the sale and issuance of the Bonds.
Section 6. The Mayor, the City Manager, the Finance Director, the City Clerk and other officers
and representatives of the City are hereby authorized and directed to take such other action as may be
necessary to carry out the purposes of this Resolution.
Section 7. This Resolution shall be in full force and effect from and after its passage by the City
Council.
PASSED and ADOPTED by the City Council this 3rd day of September, 2019.
72 /.6 �
Bob Fox, Mayor
ATTEST:
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Gayle 4 Conrad, City Clerk
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EXHIBIT A
NOTICE OF BOND SALE
[On file in the office of the City Clerk]
Al
EXHIBIT B
PRELIMINARY OFFICIAL STATEMENT
[On file in the office of the City Clerk]
B-1