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10/24/2016 Section 3. The City Council hereby acknowledges receipt of the proposal of the firm of Jones Hall, A Professional Law Corporation , to act as bond counsel to the City in connection with the issuance of the Bonds and to provide required bond disclosure training (the "Training") to City staff and the City Council in compliance with the City's Debt Disclosure Policies and Procedures. The City Council hereby authorizes and directs the Assistant City Manager of Administrative Services to execute and deliver an agreement with said firm for its services; provided that: (a) the agreement is consistent with said firm's proposal heretofore submitted to the City and contains terms (including those regarding compensation) no less favorable to the City than as set forth in such proposal, and (b) any and all compensation to such firm under the agreement, other than compensation paid for the Training , is payable solely from the proceeds of the 2017 Bonds . Section 4. The City Council hereby acknowledges receipt of the proposal of the firm of Quint and Thimmig LLP to act as disclosure counsel to the City in connection with the proposed issuance of the Bonds . The City Council hereby authorizes and directs the Assistant City Manager of Administrative Services to execute and deliver an agreement with said firm for its services ; provided that: (a) the agreement is consistent with said firm 's proposal heretofore submitted to the City and contains terms (including those regarding compensation) no less favorable to the City than as set forth in such proposal, and (b) any and all compensation to such firm under the agreement is payable solely from the proceeds of the 2017 Bonds. Section 5. The City Manager, the Assistant City Manager of Administrative Services, the City Clerk and all other employees of City are hereby authorized and directed to take such actions as are necessary or appropriate to prepare for a refinancing of the 2007 Bonds, and to present to this City Council for its approval all documentation and proceedings necessary in connection therewith . Nothing in this Resolution shall in any way commit the City Council to issue the 2017 Bonds. Section 6. This resolution shall be effective immediately upon its adoption . * * * PASSED AND ADOPTED this day of October, 2016 . ATTY/RES0.0097/CC RESO WATER BOND REFUNDING RESO. NO. 15534 REV: 10-14-16 JS MUFF NO. 505 Page 2 of 2