Ordinance 902-82 - Laserfiche WebLink

amount of the good faith deposit, at the office of the City Clerk or in Seattle, Washington, at the City' s expense, or at such other place upon which the City Clerk and the successful bidder may mutually agree at the purchaser ' s expense. Settle- ment shall be made in federal funds immediately available at the time of delivery of the Bonds. A no-litigation certificate in the usual form will be included in the closing papers. CUSIP numbers will be printed on the Bonds, if requested in the bid of the successful bidder, but neither failure to print such numbers on any bond nor error with respect thereto shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Bonds in accord- ance with the terms of the purchase contract . All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid by the City, but the fee of the CUSIP Service Bureau for the assignment of those numbers shall be the responsibility of and shall be paid by the purchaser. Any bid presented after the time specified for the receipt of bids will not be received, and any bid not accompanied by the required bid deposit at the time of opening will not be read or considered. If, prior to the delivery of the Bonds, the interest receivable by the holders thereof shall become taxable, directly or indirectly, by the terms of any federal income tax law, the successful bidder may at its option be relieved of its obliga- tion to purchase the Bonds, and in such case the deposit accom- panying its bid will be returned, without interest . The City' s delivery of the Bonds shall be conditioned on two events : ( 1 ) The successful delivery to the purchaser thereof by the Everett Housing Authority of its approximately $3, 595, 000 par value multifamily elderly housing revenue bonds scheduled for delivery on December 6, 1982; and - 7 -