The Pueblo City-County Library District (the “District”), is seeking proposals from prospective underwriters regarding the anticipated issuance of Certificates of Participation (the “2020 COPs”). Tax-exempt proceeds of the 2020 COPs will be used to finance up to $7.5 million of improvements to the District’s Rawlings Library. The 2020 COPs will be paid from base rental payments to be made by the District to a qualified trustee bank (the “Trustee”) pursuant to the terms of a lease of real property. The payment of base rentals will be subject to annual budgetary appropriation by the District. The District reserves the right to reject all proposals, to negotiate with any prospective firm, and to seek financing through other means. The District may request an interview with one or more of the proposing firms after reviewing the proposals. The total amount of the 2020 COPs may be reduced to the extent that the District chooses to apply financial reserves to the Project. If the 2020 COPs are not delivered for any reason, the proposing firms will have no recourse against the Trustee, the District, its financial advisor, bond or special counsel, or any of their affiliates, agents or representatives for any expenses, losses, damages or liability incurred.
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