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HomeMy WebLinkAboutAuburn City Attorney December 11, 2019 South Correctional Entity.Facility Public Development Authority Des Moines, Washington Piper Jaffray& Co. Seattle, Washington Re: South Correctional Entity Facility Public Development Authority, Washington Refunding Bonds, Series 2019 To Whom It May Concern: I am the duly appointed, qualified and authorized City Attorney for the City of Auburn, Washington (the "City"). This opinion is being delivered in connection with the issuance of the South Correctional Entity Facility Public Development Authority Refunding Bonds, Series 2019 (the "Bonds") and pursuant to Section 8(d)(8) of the Bond Purchase Contract between the South Correctional Entity Facility Public Development Authority (the "Authority") and Piper Jaffray & Co. dated November 13, 2019 (the "Purchase Contract"). Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given them in the Purchase Contract. I have reviewed certain matters related to Ordinance No. 6734 adopted by the City Council on October 7,2019(the"Ordinance"),and as authorized by the Ordinance,the execution and delivery of the Amended and Restated SCORE Interlocal Agreement among the City of Auburn, the City of Burien,the City of Des Moines,the City of Renton,the City of SeaTac and the City of Tukwila, dated December 11, 2019 (the "Interlocal Agreement"). In connection with the opinions expressed below, I have examined executed originals, or copies certified or otherwise identified to my satisfaction,of certificates and such agreements,instruments and documents, and I have satisfied myself as to such other matters as I have deemed necessary in order to render the opinions expressed below. In reviewing such documents, and in rendering the opinions expressed below, I have, among other things, relied upon the representations and warranties as to factual matters contained in the documents. Based upon the foregoing and my examinations of such questions of law as I have deemed necessary or appropriate for the purpose of this opinion, and subject to and based upon the qualifications and assumptions set forth in subsequent portions of this opinion letter, I am of the opinion that: 1. The City is a municipal corporation duly organized and existing under the laws of the State of Washington; 2. The City has all full requisite power and authority to (a) adopt the Ordinance, (b) to execute and deliver the Interlocal Agreement and (c) to perform its obligations under the Interlocal Agreement; 3. The City has duly authorized and approved the execution and delivery of and the observance and performance by the City of its covenants and obligations contained in, the Interlocal Agreement; and 4. The Interlocal Agreement(assuming the due authorization, execution and delivery thereof by the other parties thereto)constitute the legal,valid and binding obligation of the City, enforceable in accordance with its terms, except as enforcement may be limited by or rendered ineffective by bankruptcy, insolvency, fraudulent conveyance,reorganization,moratorium and other similar laws affecting creditors' rights generally or the application of equitable principles and the exercise of judicial discretion in appropriate cases. I am a member of the bar of the State of Washington. The foregoing opinions are opinions only and not guarantees or warranties of the matters discussed therein. The foregoing opinions further are limited to matters involving the federal laws of the United States and the laws of the State of Washington, and I do not express any opinion as to the law of any other jurisdiction. The City is not the issuer of the Bonds. I have not acted as bond counsel in connection with the issuance of the Bonds. Therefore, no opinion is expressed regarding the validity or enforceability of the Bonds or the Bond Resolution or the exclusion from gross income for purposes of federal income taxation of the interest on the Bonds, and no opinion is expressed regarding compliance with requirements of or obtaining of any consent, approval, authorization or order required to be obtained under any state or federal securities law or regulation that may be necessary to issue, sell or deliver the Bonds. This opinion is given as of the date hereof and is based on facts and conditions presently known to us and the laws and regulations currently in effect, and I do not undertake and hereby disclaim any obligation to advise you of any change in any matters set forth herein.This opinion is furnished to you solely for your benefit and may not be relied on by, quoted, nor copies delivered to, any other person (other than your legal and professional advisors, but only for purposes of their representations of and advice to you in connection with the purchase and sale of the Bonds)without my prior written consent in each instance. Very illy , e urs, 1‘fAkiF Steven L.~o- `�— City Attorney