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Item PFA-3 - Water Revenue Bonds
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Item PFA-3 - Water Revenue Bonds
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5/30/2024 4:32:57 PM
Creation date
5/29/2024 6:14:44 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
PFA-3
Date
6/4/2024
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the underwriter's discount for the sale of the Bonds shall not exceed 1.15% of the <br />aggregate principal amount of such Bonds. <br />SECTION 7. The form of Preliminary Official Statement, on file with the <br />Secretary of the Authority, with such changes, insertions and omissions therein as may <br />be approved by an Authorized Officer, is hereby approved, and the use of the <br />Preliminary Official Statement in connection with the offering and sale of the Bonds is <br />hereby authorized and approved. The Authorized Officers are each hereby authorized <br />to certify on behalf of the Authority that the Preliminary Official Statement is deemed <br />final as of its date, within the meaning of Rule 15c2-12 promulgated under the <br />Securities Exchange Act of 1934 (except for the omission of certain final pricing, rating <br />and related information as permitted by such Rule). <br />SECTION 8. The Authorized Officers are each hereby authorized and directed to <br />furnish, or cause to be furnished, to prospective investors for the Bonds a reasonable <br />number of copies of the Preliminary Official Statement. <br />SECTION 9. The preparation and delivery of an Official Statement, and its use in <br />connection with the offering and sale of the Bonds, is hereby authorized and approved. <br />The Official Statement shall be in substantially the form of the Preliminary Official <br />Statement with such changes, insertions and omissions as may be approved by an <br />Authorized Officer, such approval to be conclusively evidenced by the execution and <br />delivery thereof. The Authorized Officers are each hereby authorized and directed, for <br />and in the name of and on behalf of the Authority, to execute the final Official Statement <br />and any amendment or supplement thereto for and in the name and on behalf of the <br />Authority. <br />SECTION 10. The officers and agents of the Authority are hereby authorized <br />and directed, jointly and severally, to do any and all things which they may deem <br />necessary or advisable in order to consummate the transactions herein authorized and <br />otherwise to carry out, give effect to and comply with the terms and intent of this <br />Resolution. <br />SECTION 11. All actions heretofore taken by the officers and agents of the <br />Authority with respect to the transactions set forth above are hereby approved, <br />confirmed and ratified. <br />SECTION 12. This Resolution shall take effect immediately upon its adoption by <br />the Authority, and the Secretary to the Authority shall attest to and certify the vote <br />adopting this Resolution. <br />(Signature page follows) <br />Resolution No. 2024-XXX <br />Page 4 of 5 <br />55394.00068\42111245.3 <br />
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