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<br />I <br /> <br />, <br /> <br />, <br /> <br />the Underwriter to execute said final Official Statement for and in the name <br />and on behalf of the Agency. <br /> <br />Section 5. Official Action. All actions heretofore taken by the <br />officers and agents of the Agency with respect to the Project and the sale <br />of the Certificates are hereby approved, confirmed and ratified. The <br />Executive Director, the Chairman, the Secretary, the Treasurer and any and <br />all other officers of the City are hereby authorized and directed, for and <br />in the name and on behalf of the Agency, to do any and all things and take <br />and and all actions, including execution and delivery of any and all <br />assignments, certificates, requisitions, agreements, notices, consents, <br />instruments of conveyance, warrants and other documents, which they, or <br />any of them deem necessary or advisable in order to consummate the lawful <br />purchase, sale and financing of the Project pursuant to the agreements <br />described herein; provided, however, the Agency reserves to itself the <br />authority to approve or disapprove any agreement for the sub-sublease and <br />development of the Project by a private developer, and in the event such <br />an agreement is not approved by the Agency, the Project shall be terminated <br />pursuant to the agreements described herein. <br /> <br />-3- <br />