Res03 14543 - Laserfiche WebLink

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07/28/2003 issue the Bonds. The Bonds shall mature on the dates and pay interest at the rates set forth in the Bond Purchase Contract as finally executed. All other provisions of the Bonds shall be governed by the terms and conditions of the Fiscal Agent Agreement. SECTION 3. Approval of Financing Documents The forms of the Fiscal Agent Agreement, Continuing Disclosure Certificate, and Bond Purchase Contract presented at this meeting and on file with the City Clerk are hereby approved. Each of the City Manager, the Director of Finance, and any other written designee of the City Manager (the "Authorized Representatives "), acting solely, is hereby authorized and directed to execute, for and in the name and on behalf of the District, the Fiscal Agent Agreement, the Continuing Disclosure Certificate, and the Bond Purchase Contract in substantially said forms, with such changes thereto as the Authorized Representatives may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof; provided, however, that the true interest cost for the Bonds shall not exceed 7.0% per annum and the underwriter's discount for the Bonds, excluding original issue discount, shall not exceed 1.175% of the aggregate principal amount of the Bonds. SECTION 4. Preliminary Official Statement The form of the Preliminary Official Statement presented at this meeting and on file with the City Clerk is hereby approved. The Underwriter is hereby authorized to distribute the Preliminary Official Statement to prospective purchasers in the form hereby approved, together with such changes thereto as are determined necessary or appropriate by the Authorized Representatives or any of them. Each Authorized Representative, acting solely, is hereby authorized and directed to execute, on behalf and in the name of the District, a certificate confirming that the Preliminary Official Statement has been "deemed final" by the FATTY /RESO /RES0.1407 14543 071403 5