RES 84356 - Laserfiche WebLink

WHEREAS, FHA requires that certain amendments be made to the Indenture to comply with FHA regulations in order to permit Initial Endorsement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The proposed form of a supplemental indenture (the "First Supplemental Indenture"), by and between the City and Seattle-First National Bank as Trustee, substantially in the form submitted to this meeting, is hereby approved, and the Mayor or City Manager and City Clerk of the City are hereby authorized and directed to.execute and deliver, for and in the name of and on behalf of the City, said First Supplemental Indenture with such additions, changes and corrections as said officers may approve upon consultation with the City Attorney and Brown, Wood, Ivey, Mitchell & Petty ("Bond Counsel"), such approval to be conclusively evidenced by the execution of said First Supplemental Indenture with such additions, changes or corrections. Section 2: If any section, paragraph or provision of this resolution shall be held to be invalid unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any remaining provisions of this resolution. Section 3: Nothing contained in this resolution or in the document the City Council is approving herein shall be construed as obligating the general credit of the City, nor shall the breach of any agreement contained in this resolution or the document executed in connection herewith imposed any charge upon the general credit of the City. Section 4: This resolution shall take effect immediately upon its passage and adoption. 2