RES 85531 - Laserfiche WebLink

and the Developer, in substantially the form presented to this meeting, is hereby approved. The Mayor of the City is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Regulatory Agreement in substantially said form with such additions thereto or changes therein as are recommended or approved by the Mayor of the City upon consultation with Bond Counsel to the City including such additions or changes as are necessary or advisable in accordance with Section 7 hereof, the approval of such changes to be conclusively evidenced by the execution and delivery of said Regulatory Agreement by the Mayor of the City. Section 6. The Bonds, when executed, shall be delivered to the Trustee for authentication. The Trustee is hereby requested and directed to authenticate the Bonds by executing the Trustee's certificate of authentication and registration appearing thereon, and to deliver the Bonds, when duly executed and authenticated, to the purchaser thereof in accordance with written instructions executed on behalf of the City by the City Manager of the City, which instructions said officer is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver to the Trustee. Such instructions shall provide for the delivery of the Bonds to the purchaser thereof upon payment of the purchase price therefor, such price to be an amount, not greater than 103% of the initial principal amount of the Bonds nor less than 97% of such principal amount, as shall be agreed upon among the City Manager, the purchaser of the Bonds and the Developer. Section 7. All actions heretofore taken by the officers and agents of the City with respect to the establishment of the Program and the sale and issuance of the Bonds are hereby approved, confirmed and ratified, and the proper 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 and execute any and all certificates, agreements and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance and delivery of the Bonds in accordance with this resolution and resolutions heretofore adopted by the City and in order to carry out the Program, including, but not limited to, those certificates, agreements and other documents described in the Indenture, the Loan Agreement and the Regulatory Agreement, and the other documents herein approved and any certificates, agreements or documents as may be necessary to accomplish the successful sale and delivery of the Bonds. Section 8. The law firm of Jones Hall Hill & White, A Professional Law Corporation, is hereby designated as bond counsel to the City with respect to the financing. Section 9. This Resolution shall take effect from and after its adoption. , , , ,