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Section 4. The form and substance of the Refunding <br /> Escrow Agreement is hereby approved. The Refunding Escrow <br /> Agreement makes reference to several exhibits attached thereto. <br /> This City Council hereby authorizes the City Manager to approve <br /> each of said exhibits after the date of this resolution. <br /> Following attachment of the completed and approved exhibits, the <br /> City Manager is authorized to execute said Refunding Escrow <br /> Agreement, and approval of each exhibit shall be conclusively <br /> established by such execution. <br /> <br /> The City Manager is authorized to approve any <br />modifications or changes to the Refunding Escrow Agreement prior <br />to execution thereof (including insertion of the name of Cash <br />Flow Consultant on page 1 thereof, following selection by the <br />City Manager) which are not inconsistent with the essential terms <br />thereof, which approval shall be conclusively established by such <br />execution. <br /> <br /> Section 5. The City Manager, City Clerk, Finance <br />Director, Treasurer, City Attorney, Mayor and any other officer <br />or employee of the City are hereby further authorized to execute <br />any additional documents in connection with the proposed <br />refunding plan, as may be reasonably required by bond counsel, <br />the Underwriter, the bank which is appointed Trustee for the <br />Authority's reassessment revenue bonds, the bond insurer, if any, <br />or any rating agency, subject to approval of such documents prior <br />to execution thereof by bond counsel for the financing. <br /> <br />SF2-18847.1 5 40482-19-SS4-07/20/93 <br /> <br /> <br />