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12. Approval of Official Statement. Following approval by the Oversight Board of the <br /> issuance of the Refunding Bonds by the Successor Agency and upon submission of the Oversight <br /> Board Resolution to the California Department of Finance, the Successor Agency will, with the <br /> assistance of Disclosure Counsel, the Fiscal Consultant and the Municipal Advisor, cause to be <br /> prepared a form of Official Statement for the Refunding Bonds describing the Refunding Bonds <br /> and containing material information relating to the Successor Agency and the Refunding Bonds, <br /> the preliminary form of which will be submitted to the Successor Agency for approval for <br /> distribution by the Original Purchaser to persons and institutions interested in purchasing the <br /> Refunding Bonds. <br /> 13. Official Actions. 'The Authorized Officers and any and all other officers of the Successor <br /> Agency are hereby authorized and directed, for and in the name and on behalf of the Successor <br /> Agency, to do any and all things and take any and all actions, which they, or any of them, may <br /> deem necessary or advisable in obtaining the requested approvals by the Oversight Board and the <br /> California Department of Finance and in the issuance, sale and delivery of the Refunding Bonds. <br /> Whenever in this Resolution any officer of the Successor Agency is directed to execute or <br /> countersign any document or take any action, Such execution, countersigning or action may be <br /> taken on behalf of'such officer by any person designated by such officer to act on his or her <br /> behalf in the case Such officer is absent or unavailable. <br /> 14. Effective Date. This Resolution shall take effect from and after the date of approval and <br /> adoption thereof. <br /> Introduced by COUncilmember Lopez, seconded by COUncilmember Lee, passed and <br /> adopted this 18th day of December 2017, by the following vote: <br /> Members of the Council: <br /> AYES: Councilinembers Ballew'. Cox, Hernandez, Lee, Lopez, Thomas; Mayor Cutter (7) <br /> NOES: None (0) <br /> EXCUSED: None <br /> ATTEST: <br /> Tan-iika Greenwood, City Clerk <br /> RESOLUTION NO. 2017-008 SA 7 <br />