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2019-101 - Issuance and Sale of Gas Tax Revenue Refunding Bonds
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2019-101 - Issuance and Sale of Gas Tax Revenue Refunding Bonds
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Last modified
11/12/2019 9:59:54 AM
Creation date
11/7/2019 3:09:47 PM
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City Clerk
Doc Type
Resolution
Doc #
2019-101
Date
11/5/2019
Destruction Year
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and deliver, on behalf of the City, such Escrow Deposit and Trust Agreement with respect <br />to the 2007 Certificates. If the Authorized Officers so determine, the Escrow Agreement <br />may be replaced with refunding instructions to be given to the Trustee for the 2007 <br />Certificates. <br />Section 7. Modifications. The approval of the Indenture, the Escrow Deposit and <br />Trust Agreement, the Preliminary Official Statement and Bond Purchase Contract given <br />by this Resolution shall apply to any modification or amendment of any of said <br />agreements which is agreed upon and approved by Bond Counsel and the Authorized <br />Officers as being necessary to carry out the provisions thereof and the authorization and <br />direction provided in this Resolution. <br />Section 8. Official Actions. The Authorized Officers are each authorized and <br />directed in the name and on behalf of the City to make any and all assignments, <br />certificates, requisitions, agreements, notices, consents, instruments of conveyance, <br />warrants and other documents, which they or any of them might deem necessary or <br />appropriate in order to consummate the issuance and sale of the Bonds, obtain a rating <br />from a reputable rating agency, and any of the other transactions contemplated by the <br />agreements and documents approved pursuant to this Resolution. Any Authorized Officer <br />is authorized to obtain municipal bond insurance or a debt service reserve fund policy for <br />the Bonds. Whenever in this resolution any officer of the City is authorized to execute or <br />countersign any document or take any action, such execution, countersigning or action <br />may be taken on behalf of such officer by any person designated by such officer to act on <br />his or her behalf in the case such officer shall be absent or unavailable. <br />Section 9. Effective Date. This Resolution shall take effect immediately upon its <br />adoption by the City Council, and the Clerk of the Council shall attest to and certify the <br />vote adopting this Resolution. <br />ADOPTED this 5TH day of November 201 <br />Miguel A. Pulido <br />Mayor <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br />By: <br />John WFunk, Assistant City Attorney <br />Resolution No. 2019-101 <br />Page 4 of 7 <br />
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