Reso 1997-116 to 120 - Laserfiche WebLink

Home

t an aggregate principal amount not to exceed $3,000,000, are hereby authorized to be issued. The Bonds shall be executed by the manual or facsimile signature of the Mayor, the Vice -Mayor, the City Manager or the Finance Director of the City (each, a "Designated Officer"), and shall be attested by the City Clerk of the City, in the form set forth in and otherwise in accordance with the Indenture. The approval of the issuance of the Series A Bonds hereinabove set forth shall be deemed the approval of the "applicable elected representative" as set forth in Section 147(e) of the Internal Revenue Code of 1986, as amended. 3. The Trust Indenture relating to the Bonds (the "Indenture") by and between the City and First Trust of California, National Association, as trustee thereunder (the "Trustee"), in substantially the form on file with the City Clerk, is hereby approved. Any one of the Designated Officers is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Indenture, and the City Clerk is hereby authorized and directed, for and in the name and on behalf of the City, to attest the Indenture in substantially said form, together with such additions thereto or changes therein as are recommended or approved by the Designated Officer executing the Indenture upon consultation with Bond Counsel to the City (provided that no additions or changes shall authorize an aggregate principal amount of Bonds in excess of the amount set forth in Section 2 above), the approval of such additions or changes to be conclusively evidenced by the execution and delivery of the Indenture by the City. The date, maturity dates, interest rate or rates, privileges, manner of execution, place of payment, terms of redemption and other terms of the Bonds shall be as provided in the Indenture as finally executed. 4. The Loan Agreement relating to the Bonds (the "Loan Agreement") between the City and the Borrower, in substantially the form on file with the City Clerk, is hereby approved. Any one of the Designated Officers is hereby authorized and directed to execute and deliver the Loan Agreement in said form, and the City Clerk shall attest the Loan Agreement in substantially said form, together with such additions thereto or changes therein as are recommended or approved by the Designated Officer executing the Loan Agreement upon consultation with Bond Counsel to the City, the approval of such changes to be conclusively evidenced by the execution and delivery of the Loan Agreement by the City. 5. The Regulatory Agreement and Declaration of Restrictive Covenants relating to the Bonds (the "Regulatory Agreement") among the City, the Trustee and the Borrower, in substantially the form on file with the City Clerk, is hereby approved. Any one of the Designated Officers is hereby authorized and directed, for and in the name and on behalf of the City, to execute and deliver the Regulatory Agreement in substantially said form, and the City Clerk shall attest the Regulatory Agreement in said form, together with such additions thereto or changes therein as are recommended or approved by the Designated Officer executing the Regulatory Agreement upon consultation with Bond Counsel to the City, the approval of such additions or changes to be conclusively evidenced by the execution and delivery of the Regulatory Agreement by the City. 6. The Bond Purchase Agreement for the Bonds (the `Bond Purchase Agreement") among the City, E. Wagner & Associates, Inc. and A. G. Edwards & Sons, Inc. (collectively, the "Underwriter") and the Borrower, in substantially the form on file with City Clerk, is hereby approved. Any one of the Designated Officers is hereby authorized and directed, for and in the -2-