Res06 14691 - Laserfiche WebLink

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1/23/2006 (a) The Installment Purchase Contract, currently dated as of February 1, 2006 (the "Installment Purchase Contract") relating to the purchase of the Project by the City from the Authority; and (b) The Continuing Disclosure Agreement, to be dated the date of initial delivery of the Bonds, between the City and The Bank of New York Trust Company, N.A., as dissemination agent. An Authorized Officer is hereby authorized and directed to execute, and the City Clerk is hereby authorized and directed to attest to, the final forms of each of the above- mentioned documents for and in the name and on behalf of the City. Section 4. Sale of Bonds: Notice of Sale. The City Council hereby approves the sale of the Bonds by the Authority; provided that the true interest cost for the Bonds shall not be more than 5.50%. The City Council hereby approves the form of the Notice of Sale in substantially the form on file with the City Clerk, together with such additions thereto and changes therein as the City Attorney and Bond Counsel shall deem necessary, desirable or appropriate. Section 5. Official Statement. The City Council approves the preparation of, and hereby authorizes an Authorized Officer to deem final within the meaning of Rule 15c2-12 of the Securities and Exchange Commission except for permitted omissions, a preliminary form of Official Statement describing the Bonds. An Authorized Officer is hereby authorized to execute the final Official Statement in the name and on behalf of the City, including any modifications resulting from additions thereto and changes therein as the City Attorney or Bond Counsel shall deem necessary, desirable or appropriate, with the execution of the final Official Statement by an Authorized Officer to be conclusive evidence of the approval of any such additions and changes. Section 6. Official Actions. The Authorized Officers, the City Clerk and any and all other officers of the City are hereby authorized and directed, for and in the name and on behalf of the City, to do any and all things and take any and all actions, including obtaining a rating on the Bonds and/or a municipal bond insurance policy and a debt reserve fund surety bond, and including execution and delivery of any and all assignments, certificates, requisitions, agreements, notices, consents, instruments of Atty/Reso/Reso.1589 011006 3 14691 Muff # 505 .._.M- ,,"""""--"'.---"-'---"'-----"-'