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Item 33 - Pension Debt Refinancing and Related Bond Financing
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03/16/2021 Regular
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Item 33 - Pension Debt Refinancing and Related Bond Financing
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8/21/2023 5:29:36 PM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
33
Date
3/16/2021
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Resolution No. 2021-XXX <br />Page 5 of 6 <br /> <br />appropriate documentation, as may be required to conclude such judicial validation <br />proceedings. <br /> The Authorized Officers are, and each of them hereby is, authorized <br />and directed to execute and deliver any and all documents and instrum ents and to do and <br />cause to be done any and all acts and things necessary or proper for carrying out the <br />transactions contemplated hereby, including, but not limited to, the preparation of an <br />Official Statement (and a Preliminary Official Statement) for use in connection with the <br />offering and sale of the Bonds, the execution and delivery of a continuing disclosure <br />undertaking and the execution and delivery of any documents required by PERS in order <br />to complete the issuance of the Bonds and the refunding of the Unfunded Liability. <br /> All actions heretofore taken by the Authorized Officers and by any <br />other officers, employees or agents of the City with respect to the issuance of the Bonds, <br />or in connection with or related to any of the agreements or documents referenced herein, <br />are hereby approved, confirmed and ratified. <br /> This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />ADOPTED this _____ day of ____________, 2021. <br /> <br /> <br /> <br />________________________________ <br />Vicente Sarmiento <br />Mayor <br /> <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho, City Attorney <br /> <br /> <br /> <br />By: <br />John M. Funk <br />Sr. Assistant City Attorney <br /> <br /> <br /> <br />AYES: Councilmembers <br /> <br />NOES: Councilmembers <br /> <br />ABSTAIN: Councilmembers <br /> <br />NOT PRESENT: Councilmembers
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