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for <br />aut <br />Bon <br />Put <br />rat <br />the <br />per <br /> <br />the <br />the <br />aPl <br />an¢ <br />th~ <br /> <br />or <br />he~ <br />ex~ <br />Ag~ <br /> <br />al'lc <br /> apl <br /> ~x~ <br /> <br />au~ <br /> <br />of <br />ag~ <br />Bo~ <br />ad~ <br />ac( <br /> re~ <br /> <br /> on file with the Clerk of the Council. The Mayor or his designee is hereby <br />horized and directed to approve the terms of and accept ~n offer to purchase the <br />~s which is acceptable to the Mayor or his designee, and to execute the Bond <br />:hase Agreement for and in the name and on behalf of the City; provided that the <br />of interest on the Bonds shall not exceed twelve percent (12%) per annum and <br />Bonds shall be sold to the purchasers for a price not less than ninety-five <br />:ent (95%) of the par value thereof. <br /> <br />Section 2. Indenture. The Indenture, in substantially the form presented to <br />City Council at this meeting, together with any additions thereto or changes <br />rein deemed necessary or advisable by the Mayor or his designee, is hereby <br />roved. The Mayor or his designee is hereby authorized and directed to execute <br />the Clerk of the Council is hereby authorized to attest the Indenture for and in <br />name and on behalf of the City. <br /> <br /> Section 3. Loan Agreement. The Loan Agreement, in substantially the form <br />sented to the City Council at this meeting together with any additions thereto <br />changes therein deemed necessary or advisable by the Mayor or his designee, is <br />.eby approved. The Mayor or his designee is hereby authorized and directed to <br />cute and the Clerk of the Council is hereby authorized to attest the Loan <br />.eement for and in the name and on behalf of the City. <br /> <br />Section 4. Official Action. All actions heretofore taken by the officers <br />agents of the City with respect to the sale and issuance of the Bonds are hereby <br />roved confirmed and ratified, and the Mayor, the Clerk of the Council, the <br />cutive Director of the Economic Development Agency, the Executive Director of <br />ance, the City Attorney and any and all other officers of the City are hereby <br />horized and directed, for and in the name and on behalf of the City, to do any <br />all things and take any and all actions relating to the execution and delivery <br />any and all certificates, requisitions, assignments, instruments of transfer, <br />.eements and other documents, including but not limited to those described in the <br />d Purchase Agreement, which they, or any of them, may deem necessary or <br />isable in order to consummate the lawful issuance and delivery of the Bonds in <br />ordance with the Bond Purchase Agreement, the Indenture, the Law and this <br />olution. <br /> <br /> <br />