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02/09/2015 <br /> Section 3. The City Council hereby acknowledges receipt of the proposal of the <br /> firm of Jones Hall, A Professional Law Corporation, to act as bond counsel to the City in <br /> connection with the issuance of the Bonds. The City Council hereby authorizes and <br /> directs the Director of Finance to execute and deliver an agreement with said firm for its <br /> services; provided that: (a) the agreement is consistent with said firm's proposal <br /> heretofore submitted to the City and contains terms (including those regarding <br /> compensation) no less favorable to the City than as set forth in such proposal, and (b) <br /> any and all compensation to such firm under the agreement is payable solely from the <br /> proceeds of the 2015 Bonds. <br /> Section 4. The City Council hereby acknowledges receipt of the proposal of the <br /> firm of Quint and Thimmig LLP to act as disclosure counsel to the City in connection <br /> with the proposed issuance of the Bonds. The City Council hereby authorizes and <br /> directs the Director of Finance to execute and deliver an agreement with said firm for its <br /> services; provided that: (a) the agreement is consistent with said firm's proposal <br /> heretofore submitted to the City and contains terms (including those regarding <br /> compensation) no less favorable to the City than as set forth in such proposal, and (b) <br /> any and all compensation to such firm under the agreement is payable solely from the <br /> proceeds of the 2015 Bonds. <br /> Section 5. The City Manager, the Director of Finance, the City Clerk and all <br /> other employees of City are hereby authorized and directed to take such actions as are <br /> necessary or appropriate to prepare for a refinancing of the 2006 Bonds, and to present <br /> to this City Council for its approval all documentation and proceedings necessary in <br /> connection therewith. Nothing in this Resolution shall in any way commit the City <br /> Council to issue the 2015 Bonds. <br /> Section 6. This resolution shall be effective immediately upon its adoption. <br /> PASSED AND ADOPTED this 9th day of February, 2015. <br /> ATTY/RES0.3049/CC RESO WATER REFUNDING RESO.#15391 <br /> REV:01-27-15 PT MUFF#505 <br /> Page 2 of 2 <br />