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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 />SECTION 1: Pursuant to the Act, the City hereby finds and determines that the <br />execution, authentication and delivery of the Certificate will result in savings in effective interest <br />rates, underwriting costs and issuance costs and thereby result in significant public benefits to its <br />citizens. <br />SECTION 2: The forms of Installment Sale Agreement, Trust Agreement and <br />Continuing Disclosure Agreement presented to this City Council are hereby approved. The City <br />Manager or his designee is authorized and directed for and in the name of the City to execute and <br />deliver said 'Installment Sale Agreement and Continuing Disclosure Agreement. The Installment <br />Sale Agreement and the Continuing Disclosure Agreement shall be executed in the form hereby <br />approved, with such additions thereto and changes therein as are approved in accordance with <br />Section 6 hereof, such approval to be conclusively evidenced by the execution and delivery thereof. <br />SECTION 3: That this City Council hereby approves the execution, authentication <br />and delivery of FARECal's Certificates in accordance with the terms and provisions of the Trust <br />Agreement (as executed and delivered). <br />SECTION 4: The City Manager or his designee is hereby authorized to approve a <br />Preliminary Official Statement relating to the Certificates allocable to the City (such approval to be <br />conclusively evidenced by the delivery thereof) (the "Preliminary Official Statement") and the City <br />Council hereby approves the use of the Preliminary Official Statement in connection with the <br />offering and sale of the Certificates allocable to the City. The City Manager or his designee is <br />authorized to deem the Preliminary Official Statement as it relates to the City to be final within the <br />meaning of Security and Exchange Commission Rule 15c2-12 subject to the completion of those <br />items permitted by said Rule. <br />SECTION 5: The City Manager or his designee is hereby authorized to approve an <br />Official Statement relating to the Certificates allocable to the City (such approval to be conclusively <br />evidenced by the execution and delivery thereof) (the "Official Statement'), and the City Council <br />