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Reso 2016-098
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Reso 2016-098
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Last modified
3/24/2017 4:53:20 PM
Creation date
7/21/2016 1:11:57 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
7/18/2016
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PERM
Document Relationships
_CCAgenda 2016 0718 RG
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0718
8I Consent Calendar 2016 0718
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0718
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Section 2. Other Actions Authorized. Each of the Authorized Officers and each of <br />the other officers and employees of the City shall take all actions necessary or reasonably <br />required to carry out, give effect to and consummate the transactions contemplated thereby <br />(including the execution and delivery of certificates and disbursement requests and any other tax <br />certificates and agreements, as contemplated in the Agreement) and to take all actions necessary <br />in conformity therewith, including, without limitation, the execution and delivery of any closing <br />and other documents required to be delivered in connection with the Agreement and the Escrow <br />Agreement. Whenever in this resolution any officer of the City is authorized to execute, attest or <br />countersign any document or take any action, such execution, attestation, countersigning or <br />action may be taken on behalf of such officer by any person designated by such officer to act on <br />his or her behalf in the case such officer shall be absent or unavailable. <br />Section 3. No General Liability. Nothing contained in this Resolution, the <br />Agreement, the Escrow Agreement nor any other instrument shall be construed with respect to <br />the City as incurring a pecuniary liability or charge upon the general credit of the City or against <br />its taxing power, nor shall the breach of any agreement contained in this Resolution, the <br />Agreement, the Escrow Agreement or any other instrument or document executed in connection <br />therewith impose any pecuniary liability upon the City or any charge upon its general credit or <br />against its taxing power, except to the extent that the Rental Payments payable under the <br />Agreement are limited obligations of the City, subject to annual appropriation by this City <br />Council, as provided in the Agreement. <br />Section 4. Appointment of Authorized City Representatives. Each of the <br />Authorized Officers is hereby designated to act as authorized representatives of the City for <br />purposes of the Agreement and the Escrow Agreement until such time as the City Council shall <br />designate any other or different authorized representative for purposes of the Agreement and/or <br />the Escrow Agreement. <br />Section S. Professional Services. Jones Hall, A Professional Law Corporation, is hereby <br />appointed as special counsel to the City in connection with the financing contemplated by this <br />Resolution, and the City Attorney is authorized and directed to execute a legal services <br />agreement with said firm. <br />Section 6. Severability. If any section, paragraph, clause or provision of this <br />Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or <br />unenforceability of such section, paragraph, clause or provision shall not affect any of the <br />remaining provisions of this Resolution. <br />Section 7. Repealer. All bylaws, orders and resolutions or parts thereof, <br />inconsistent herewith, are hereby repealed to the extent only of such inconsistency. This repealer <br />shall not be construed as reviving any bylaw, order, resolution or ordinance or part thereof. <br />Section 8. Effective Date. This Resolution shall be effective immediately upon its <br />approval and adoption. <br />RESOLUTION NO. 2016-098 <br />
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