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1 <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 />Section 3. Other Acts. The Mayor, the other members of the City Council, the City <br />Clerk, and the City Manager are hereby authorized and directed, jointly and severally, to do any <br />and all things, and to execute and deliver any and all documents which may be deemed <br />necessary or advisable in order to consummate the Lease Agreement or otherwise to effectuate <br />the purposes of this Resolution, and any such actions previously taken by such officers are <br />hereby ratified and confirmed. <br />Section 4. Certificates as Qualified Tax -Exempt Obligations. The City intends that its <br />lease payment obligation pursuant to the Lease Agreement will qualify as "qualified tax - <br />exemption obligations" within the meaning of Section 265(b)(3)(B) of the Internal Revenue Code <br />of 1986, as amended (the "Code"). The City represents, covenants and warrants that it and its <br />subordinate entities have not and will not issue tax-exempt obligations (including its lease <br />payment obligation pursuant to the Lease Agreement) in the aggregate principal amount of <br />more than $10,000,000 during the 2006 calendar year. <br />Section 5. Effective Date. This Resolution shall take effect upon adoption. <br />PASSED, APPROVED and ADOPTED this 4`" day of April 2006. <br />ATTEST: <br />&WItk- <br />CAROLINA P. BARRERA <br />City Clerk <br />