HomeMy WebLinkAboutRES.614.04-01-1991 � �' • BILL NO. 91-50 RESOLUTION NO. �
' RESOLUTION
A RESOLUTION AUTHORIZING THE EXECUTION OF A
BOND PURCHASE AGREEMENT IN CONNECTION WITH
THE SALE BY THE CAPE GIRARDEAU (MISSOURI)
PUBLIC FACILITIES AUTHORITY OF $5 , 000 , 000
PRINCIPAL AMOUNT OF BUILDING AND EQUIPMENT
LEASEHOLD REVENUE BONDS (FLOOD CONTROL
PROJECT) , SERIES 1991; APPROVING THE
PRELIMINARY OFFICIAL STATEMENT AND
AUTHORIZING THE EXECUTION OF A FINAL
OFFICIAL STATEMENT FOR SAID BONDS; AND
PRESCRIBING OTHER MATTERS RELATING THERETO.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CAPE
GIRARDEAU, MISSOURI , AS FOLLOWS:
l . Sale of the Bonds . The Mayor is hereby authorized to
enter into a Bond Purchase Agreement among the Cape Girardeau
(Missouri) Public Facilities Authority �the "Authority" ) , the
City and A.G. Edwards & Sons, Inc. and Zahner and Company (the
"Purchasers" ) , in substantially the form attached hereto as
Exhibit A, under which the Authority agrees to sell its
$5 , 000, 000 principal amount of Building and Equipment Leasehold
Revenue Bonds (Flood Control Project) , Series 1991, to the
Purchasers at a purchase price of not less than 98% of the
principal amount thereof plus accrued interest to the date of
delivery, upon the terms and conditions set forth therein, with
such changes therein as shall be approved by the Mayor, which
officer is hereby authorized to execute such document for and
on behalf of the City, and such officer ' s signature thereon
shall be conclusive evidence of his approval thereof .
2 . Preliminary Official Statement and Official
Statement . The City hereby ratifies and confirms the form and
content of the Preliminary Official Statement prepared in the
initial offering and sale of the Bonds , in the form attached
hereto as Exhibit B, and the final Official Statement is hereby
adopted by supplementing, completing and amending the
Preliminary Official Statement and the Mayor is hereby
authorized to execute the Official Statement . The use of such
Official Statement in the reoffering of the Bonds by the
Purchasers is hereby approved and authorized . The proper
officials of the City are hereby authorized to execute and
deliver such certificates as the Purchasers may require
pertaining to the content of the Preliminary Official Statement
and of the Official Statement .
3 . Further Authoritv. The officers of the City shall be,
and they hereby are, authorized and directed to execute all
documents and take such actions as they may deem necessary or
advisable in order to carry out and perform the purposes of
this Resolution and other documents herein approved, authorized
and confirmed which they may approve, and the execution or
taking of such action shall be conclusive evidence of such
necessity or advisability.
� ,
� 4 . Effective Date. This Resolution shall take effect and
be in full force from and after its adoption by the City
Council .
ADOPTED by the Council of the City of Cape Girardeau,
Missouri , this lst day of April, 1991 .
(Seal) -
ATTE
Mayor
ep ty City Clerk
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