Res19 15772 - Laserfiche WebLink

Browse Search

05/20/2019 the Preliminary Official Statement under the caption "CERTAIN PARTICIPATING MEMBER RISK FACTORS," excluding, however, any information under such caption which pertains specifically to another Member (together the "City Portion"), in substantially the form on file with the City Clerk, is hereby approved, subject to final approval as to form by Bond Counsel to the Authority. The City Manager or the Assistant City Manager of Administrative Services are each hereby authorized to execute a certificate pursuant to Rule 15c2-12 and Rule 10b-5 promulgated under the Securities Exchange Act of 1934 (the "Exchange Act'), relating to the City Portion of the Preliminary Official Statement. The City Manager or the Assistant City Manager of Administrative Services or their written designee (each a "Designated Officer") are each hereby authorized and directed to approve any changes in or additions to the portions of the final Official Statement which relate to the City. The Designated Officers, each acting alone, are each hereby authorized and directed to approve and deliver the City Portion of the Official Statement for the notes (the "Official Statement') in substantially the form provided for the Preliminary Official Statement, with such changes, insertions and omissions as may be approved by such officers. The City Manager or the Assistant City Manager of Administrative Services are each authorized and directed to execute and deliver a certificate to the Authority pursuant to Rule 10b-5 promulgated under the Exchange Act, with respect to the City Portion of the Official Statement. Section 5. Approval of Continuing Disclosure Certificate. The City Council hereby approves the form of the Continuing Disclosure Certificate to be delivered by the City with respect to the notes, in the form on file with the City Clerk together with any modifications thereof as may be approved by a Designated Officer, whose execution thereof shall be conclusive evidence of the approval of any such modifications. A Designated Officer is hereby authorized and directed to execute the final form of the Continuing Disclosure Certificate for and on behalf of the City. Section 6. Approval of Closing Documents. The Mayor, the City Manager, the Assistant City Manager of Administrative Services and the City Clerk and their duly authorized deputies, designees or agents are each hereby authorized and directed, in their respective official capacities, to execute or attest thereto, any and all closing certificates which are necessary or appropriate to effectuate the purposes of the Financing Agreement, the execution and delivery of the WIFIA Loan Agreement and the issuance and sale of the notes by the Authority. Section 7. Effective Date. This Resolution shall take effect immediately upon its passage and adoption. ATTY/RESO.0049/CC RESO AUTHORIZING EXECUTION & DELIVERY OF JOINT POWERS AGR —SVCA 2019 DEBT RESO NO. 15772 REV: 05-13-19 DZ MUFF NO. 304 Page 3 of 5