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ATTY/RESO.0048/PFA RESO WATER REVENUE REFUNDING BONDS <br />REV: 08-07-24 MI <br />Page 4 of 6 <br />Official Statement to prospective purchasers of the Bonds is hereby approved. Each of <br />the Authorized Officers are hereby authorized to execute the final form of the Official <br />Statement, on behalf of the Authority, including as it may be modified by such additions <br />thereto and changes therein as the Authorized Officers, upon consultation with Authority <br />counsel, Bond Counsel, shall deem necessary, desirable or appropriate, and the <br />execution of the final Official Statement by the Authorized Officers shall be conclusive <br />evidence of the approval of any such additions and changes. The Authority hereby <br />authorizes the distribution of the final Official Statement by the purchaser of the Bonds. <br /> <br />Section 6. Official Action. The officers and staff of the Authority are hereby <br />authorized and directed, for and in the name and on behalf of the Authority, to do any and <br />all things and take any and all actions, including negotiations for purchase of bond ratings, <br />bond insurance or debt service reserve fund surety bond resulting in present value <br />savings and execution and delivery of any and all assignments, certificates, requisition, <br />agreements, consents, instruments of conveyance, warrants and other documents, which <br />they, or any of them, may deem necessary or advisable in order to consummate the lawful <br />issuance, sale and delivery of the Bonds, the payment of issuance costs incurred with <br />respect to the Bonds, the prepayment of the 2013 Installment Payments and the refunding <br />of the Refunded Bonds, and the sale of the Project to the City. <br /> <br />Section 7. Effective Date. This Resolution shall take effect immediately upon <br />adoption. <br /> <br /> <br /> <br />* * * <br /> <br />8.A. - Page 114 of 255 <br />742