2016-037 - Authorizing the issuance of the City’s General Obligation Bonds, Series 2016; approving the use of a paying agent/registrar agreement; engaging bond counsel ....

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Cashiers Check of the Frost Bank, Austin, Texas, in the amount of $180,000 which represents our Good Faith Deposit (is attached hereto) or (has been made available to you prior to the opening of this bid), and is submitted In accordance with the terms as set forth in the Official Notice of Sale. Upon delivery of the Bonds, said check shall be returned to the Initial Purchaser. We agree to accept delivery of the Initial Bond(s) through DTC and make payment for the Initial Bond(s) in Immediately available funds at BOKF, NA, Dallas, Texas, no later than 10:00 A.M., Central Time, on December 29, 2016, or thereafter on the date the Initial Bond(s) are tendered for delivery, pursuant to the terns set forth in the Offfcial Notice of Sale. The undersigned agrees to complete, execute and deliver to the City by the date of delivery of the Bonds, a certificate relating to the "issue price" of the Bonds In the form and to the effect attached to or accompanying the Official Notice of Sale, with such changes thereto as may be acceptable to the Bond Counsel for the Issuer. The undersigned also agrees to provide the City and its consultants, at least ten business days prior to the delivery of the Bonds, a breakdown of its "underwriting spread" among the following categories: Takedown, Management Fee (if any), Legal Counsel Fee (if any) and Spread Expenses (if any). For purposes of contracting for the sale of the Bonds, the entity signing the bid form as Purchaser shall be solely responsible for the payment of the purchase price of the Bonds. The Purchaser may serve as a syndicate manager and contract under a separate agreement with other syndicate members. However, the City Is not a party to that agreement and any information provided regarding syndicate managers would be for informational purposes only. Upon notification of conditlonal verbal acceptance, the undersigned will complete an electronic form of the Certificate of Interested Parties Form 1285 (the "Disclosure Form ") through the Texas Ethics Commission's (the "TEC ") electronic portal and the resulting certified Disclosure Form that is generated by the TEC's electronic portal will be printed, signed, notarized and sent by email to the City's financial advisor at MMcLiney @samcocapital.com. The undersigned understands that the failure to provide the certified Disclosure Form will prohibit the City from providing final written award of the enclosed bid. (Syndicate Members) Respectfully submitted, Underwriters Authorized Representative THE ABOVE AND FOREGOING BID IS IN ALL THINGS HEREBY ACCEPTED this 5th day of December 2016, by the City Council of the City of Paris, Texas. ATTEST: "T*r, City of P ,Texas