Laserfiche WebLink
11 <br />2 <br />3 <br />4 <br />5, <br />6' <br />7. <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />BOND AUTHORIZATION <br />SECTION 3. That this legislative body does authorize the issuance of the Refunding <br />Bonds in an aggregate principal amount not to exceed $2,275,000 pursuant to the terms and <br />provisions of the Act and the 1996 Indenture hereinafter approved. <br />BOND INDENTURE AND ESCROW AGREEMENT <br />SECTION 4. That the 1996 Indenture and the Escrow Agreement are approved <br />substantially in the form presented, subject to modifications as necessary and as approved by <br />the City Manager of the City upon review by the City Attorney and Bond Counsel. Final <br />approval of the 1996 Indenture and the Escrow Agreement shall be conclusively evidenced by <br />the signature of the City Manager of the City on behalf of the CFD. A copy of the 1996 <br />Indenture and the Escrow Agreement shall be kept on file with the transcript of these <br />proceedings and open for public inspection. <br />ACQUISITION AGREEMENT <br />SECTION 5. That the Acquisition Agreement is hereby approved substantially in the <br />form presented to this legislative body, subject to modifications as necessary and as approved <br />by the City Manager of the City upon review by the City Attorney and Bond Counsel. Final <br />pricing of bonds is hereby delegated to the City Manager of the City subject to the following <br />limitations: (i) the annual interest rate on the Refunding Bonds shall not exceed 7.0% and <br />original issue discount, if any, shall not exceed 1.2% of the par amount of the Refunding <br />Bonds. Final acceptance of the Acquisition Agreement shall be evidenced by the signature of <br />the City Manager of the City on behalf of the CFD. <br />OTHER ACTS <br />SECTION 7. All actions heretofore taken by the officers and agents of City and the <br />CFD with respect to the sale and delivery of the Refunding Bonds are hereby approved, <br />confirmed and ratified, and any and all officers, employees and agents of the CFD are hereby <br />authorized and directed, for and in the name and on behalf of the CFD, to do any and all <br />RESCFD.881 <br />2 <br />