PFA Reso 2018-002 - Laserfiche WebLink

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not to exceed $22,000,000, for the purpose of providing funds to finance capital improvement projects of the City. The 2018 Bonds shall be issued under the Bond Law and the Indenture of Trust dated as of December 1, 2016, by and among the Authority and the Trustee (the "Indenture"), as supplemented and amended by the First Supplemental Indenture of Trust approved below. SECTION 2. APPROVAL OF RELATED FINANCING AGREEMENTS. The Board of Directors hereby approves each of the following agreements required for the issuance and sale of the 2018 Bonds, in substantially the respective forms on file with the Secretary, together with any changes therein or additions thereto (including the addition of a reserve account) deemed advisable by the Chairman, Executive Director or the Treasurer (each, an "Authorized Officer"), whose execution thereof shall be conclusive evidence of the approval of any such changes or additions. An Authorized Officer is hereby authorized and directed for and on behalf of the Authority to execute, and the Secretary is hereby authorized and directed to attest, the final form of each such agreement, as follows: • First Supplemental Indenture of Trust, between the Authority and the Trustee, setting forth the terms and provisions relating to the 2018 Bonds, and supplementing and amending the Indenture; • First Amendment to Site Lease, between the City, as lessor, and the Authority, as lessee, amending the Site Lease pursuant to which the City has leased the Leased Property to the Authority in consideration of the payment of an upfront amount which was applied by the City to refinance the Prior Project, and pursuant to which an additional payment will be made to finance the costs of the capital improvement projects; • First Amendment to Lease Agreement, between the Authority, as lessor, and the City, as lessee, amending the Lease Agreement pursuant to which the Authority has leased the Leased Property back to the City in consideration of the payment of semiannual lease payments to the Authority, which payments the Authority has assigned to the Trustee and which will be updated to reflect the increased lease payments due following issuance of the 2018 Bonds; and • First Amendment to Assignment Agreement, between the Authority and the Trustee, amending the Assignment Agreement pursuant to which the Authority has assigned certain of its rights under the Lease Agreement to the Trustee, including the right to receive semiannual lease payments. SECTION 3. NEGOTIATED SALE OF 2018 BONDS. The Board of Directors hereby authorizes and directs the negotiated sale of the 2018 Bonds to Stifel, Nicolaus & Company, Incorporated, as underwriter (the "Underwriter"). The 2018 Bonds shall be sold pursuant to the terms and provisions of a Bond Purchase Agreement among the Authority, the City and the Underwriter in substantially the form on file with the Secretary, together with any changes therein or additions thereto deemed advisable by an Authorized Officer; provided, that the true interest cost of the 2018 Bonds shall not exceed 5.0% and the Underwriter's discount on the 2018 Bonds shall not exceed 0.5%. RESOLUTION NO. 2018-002 PFA 2