Res86 PF-02 - Laserfiche WebLink

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Financing Documents now before this Authority, and that from and after the execution, attestation and delivery of the same, the Chairperson or Vice Chairperson, and Secretary or Assistant Secretary are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of the Financing Documents as executed. SECTION 5. The Chairperson, Vice Chairperson, Secretary, Assistant Secretary, their designees and other appropriate officers of the City, including, but not limited to, the City Manager, are hereby authorized and directed to execute, attest and deliver for and on behalf of the Authority any and all additional certificates, documents, opinions or other papers and to perform all other acts as they may deem necessary or appropriate in order to implement and carry out the intent and purposes of this resolution. SECTION 6. The offer of the Underwriter for not-to-exceed $16,500,000 par value of the Bonds is hereby accepted, so long as the net interest cost on the Bonds does not exceed nine percent (9%), and so long as the discount with respect thereto does not exceed two and five-eights percent (2-5/8%), and, upon their issuance, the Trustee is hereby authorized and directed to deliver the Bonds to the Underwriter upon payment to the Trustee, on behalf of the Authority, of the purchase price set forth in the Purchase Contract. The Bonds shall be in the form and have the terms and conditions specified in the Purchase Contract and in the Indenture hereinabove approved and authorized to be executed, and the Chairperson or Vice Chairperson and Secretary or Assistant Secretary of the Authority are hereby authorized to sign the Bonds by their manual or facsimile signature and deliver them to the Trustee or Registrar for authentication and delivery. SECTION 7. The Official Statement, in substantially the form presented to this Authority, is hereby approved and the Chairperson or Vice Chairperson and the Secretary or Assistant Secretary of the Authority are hereby authorized and directed to execute and attest the same on behalf of the Authority, in substantially the form now before the Authority, but with such changes, modifications, additions or deletions therein as shall seem necessary, desirable or appropriate to the City Attorney or Bond Counsel, their execution thereof to constitute conclusive evidence of their approval of any and all changes, modifications, additions or deletions therein from the form and content of the Official Statement now before this Authority, and the Underwriter is further authorized to distribute the official statement in preliminary form to potential purchasers of the Bonds and is directed to deliver copies of the Official Statement in final form to all actual purchasers of the Bonds. 3