Laserfiche WebLink
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 />hereby approves the use of the Official Statement in connection with the offering and sale of the <br />Certificates, and the City Council hereby further approves the use of any supplement or amendment <br />to the final Official Statement which is necessary so that the final Official Statement as it relates to <br />the City does not omit to state a material fact necessary to make the statements therein not <br />misleading. The City Manager or his designee is hereby authorized to execute a final form of the <br />Official Statement. <br />SECTION 6: The agreements approved in Section 2 of this Resolution shall, when <br />executed and delivered pursuant to Section 2 of this Resolution, contain such additions and changes <br />(including additions and changes necessary to satisfy the requirements of the provider of any <br />Certificate insurance policy) as shall have been approved by the City Manager or his designee. The <br />City Manager or his designee is hereby authorized to determine, in connection with the execution <br />and delivery of the relevant agreements approved in Section 2 hereof, the following with respect to <br />the Certificates allocable to the City: <br />(a) the aggregate principal amount of the Certificates, which shall not exceed <br />$30,200,000; <br />(b) the final Installment Payment under the Installment Sale Agreement, which shall be <br />due and payable not later than April 1, 2030; and <br />(c) the maximum rate of interest which may be paid on the Certificates, which shall not <br />exceed a true interest cost of 7%. <br />SECTION 7: The Installment Payments and all other payments with respect to <br />Qualified Obligations (as defined in the Installment Sale Agreement) shall be secured by a pledge, <br />charge and lien upon Net Revenues in the Qualified Obligations Account (each as defined in the <br />Installment Sale Agreement) and shall be paid from Net Revenues in the Qualified Obligations <br />Account unless otherwise paid from other sources of legally available funds. Installment Payments <br />and all other payments with respect to Qualified Obligations shall be equally secured by the Net <br />