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~,PHEREAS, <br /> <br />on November 22,1983, said public hearing was held <br />before this Council, and an opportunity was provided <br />for interested parties to present arguments for and <br />against the issuance of the Bonds; and <br /> <br />WHEREAS, <br /> <br />all conditions, things and acts required to exist, to <br />have happened and to have been performed precedent to <br />and in the issuance of the Bonds and the implementation <br />of the Program as contemplated by this resolution and <br />the documents referred to herein exist, have happened <br />and have been performed in due time, form and manner <br />as required by the laws of the State of California, <br />including the Act; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: This Council does hereby find and declare that the <br /> above recitals are true and correct. <br /> <br />Section 2: Pursuant to the Act and the Indenture (hereinafter <br /> defined), revenue bonds of the City, designated as "City <br /> of Pleasanton Multifamily Mortgage Revenue Bonds (First <br /> Nationwide Savings Program) 1983 Issue A" in an aggregate <br /> principal amount not to exceed $9,000,000 (the "Bonds"), <br /> are hereby authorized to be issued. The Bonds shall be <br /> executed by the manual or facsimile signature of the <br /> Mayor, the facsimile of the seal of the City shall be <br /> repEoduced thereon and attested by the manual or <br /> facsimile signature of the City Clerk, in the form set <br /> forth in and otherwise in accordance with the Indenture. <br /> <br />Section <br /> <br />3: The proposed form of indenture (the "Indenture") <br /> between the City and Bank of America National Trust <br /> and Savings Association, as trustee (the "Trustee"), <br /> in substantially the form presented to this meeting, <br /> is hereby approved. The Mayor is hereby authorized <br /> and directed, for and in the name and on behalf of <br /> the City, to execute and deliver, and the City Clerk <br /> is hereby authorized and directed, for and in the name <br /> and on behalf of the City, to attest, the Indenture in <br /> substantially said form, with such additions thereto <br /> or changes therein as are recommended or apDroved by <br /> either of them uDon consultation with the City Attorney <br /> and Bond Counsel to the City (including such additions <br /> or changes as are necessary or advisable in accordance <br /> with the last sentence of Section 11, provided that no <br /> additions or changes shall authorize an a~reKate <br /> principal amount of Bonds in excess of $9,000,000 or <br /> result in a true interest cost on the Bonds in excess <br /> of 9% per annum), the aDDroval of such additions or <br /> changes to be conclusively evidenced by the execution <br /> and delivery of said Indenture. The date, maturity <br /> dates, interest rate or rates, interest payment dates, <br /> <br />-2- <br /> <br /> <br />