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Resolution No. 93-86 <br />Page 2 <br /> <br />WHEREAS, it appears that each of the documents which are now <br /> before this meeting is in appropriate form and is an <br /> appropriate instrument to be executed and delivered for <br /> the purposes intended; and <br /> <br />WHEREAS, Newman and Associates, Inc. (the "Underwriter") has <br /> expressed its intention to purchase the refunding bonds <br /> authorized hereby and this City Council finds that the <br /> public interest and necessity require that the City at <br /> this time make arrangements for the sale of such <br /> refunding bonds; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: Pursuant to the Refunding Law and the Indenture <br /> (hereinafter defined), revenue bonds of the City, in one <br /> or more series, including a series of bonds the interest <br /> on which may be included in goes income for federal <br /> income tax purposes, to pay costs of issuance of the <br /> bonds, all such bonds to be designated as "City of <br /> Pleasanton Mortgage Revenue Refunding Bonds (FHAInsured <br /> Mortgage Loan - Gatewood Apartments Project)," and having <br /> an appropriate series designation and, if appropriate, <br /> including the word "Taxable" (collectively, the "Bonds"), <br /> in an aggregate principal amount not to exceed <br /> $11,500,000, and with a final maturity date not later <br /> than January 1, 2026, are hereby authorized to be issued. <br /> The Bonds shall be in the forms set forth in and <br /> otherwise in accordance with the Indenture, and shall be <br /> executed by the manual or facsimile signature of the <br /> Treasurer of the City, and the manual or facsimile seal <br /> of the City shall be impressed or reproduced thereon and <br /> attested by the manual or facsimile signature of the City <br /> Clerk. <br /> <br />Section 2: The proposed form of Trust Indenture (the "Indenture") <br /> between the City and the Trustee, as defined below, in <br /> substantially the form presented to this meeting, is <br /> hereby approved. Any Authorized Issuer Representative <br /> (as defined in the Indenture) is hereby authorized and <br /> directed, for and in the name and on behalf of this City <br /> Council and the City, to execute by manual or facsimile <br /> signature, attested by the City Clerk or any deputy <br /> thereof under the seal of the City, and such officers are <br /> hereby authorized and directed, for and in the name and <br /> on behalf of this City Council and the City, to deliver, <br /> the Indenture in substantially said form, with such <br /> additions thereto or changes therein as such officers may <br /> approve or recommend upon consultation with the City <br /> Attorney and Bond Counsel to the City (provided that such <br /> <br /> <br />