1998-13 CRA - Laserfiche WebLink

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. . . ~ The Agency hereby directs that the Agency Bonds be called for redemption on September 1, 1999, so that the Agency Bonds may be purchased by the Authority in lieu of redemption on such date as contemplated by the First Supplemental Indenture of Trust and the other documents listed below. Section 2. Approval of Related Documents. The below-enumerated documents be and are hereby approved, and the Chairman, the Executive Director or the Treasurer, is hereby authorized and directed to execute and deliver, for and on behalf of the Agency, said documents each in the form on file with the Secretary together with such changes, insertions or deletions as may be approved by the official executing such documents upon consultation with the Agency's general counsel and Bond Counsel, the approval thereof to be conclusively evidenced by the execution and delivery by the Agency of the respective documents. The Secretary is hereby authorized and directed to attest such official's signature to such documents, where indicated by any such document. (a) Assignment Agreement, by and among the Agency, the Authority and Dai- Ichi Kangyo Bank of California, as trustee for the Bonds (the "Trustee"); and (b) Continuing Disclosure Certificate-Agency, by the Agency and as acknowledged by the Trustee. Section 3. Sale of the Bonds. The Board hereby approves the sale of the Bonds to Stone & Youngberg LLC (the "Underwriter") pursuant to the terms of a Purchase Agreement between the Authority and the Underwriter, the form of which is on file with the Secretary, so long as the net interest cost of the Bonds is not in excess of six and one-half percent (6.50%), and the Underwriter's discount (without regard to any original issue discount) is not in excess of one and seventy one-hundredths percent (1.70%). The Board hereby authorizes the Chairman, the Executive Director or the Treasurer to execute the Purchase Agreement, if requested by the Underwriter, in such form and with such changes as the official executing the same may approve. Section 4. Preliminary Official Statement. The Agency hereby approves the Preliminary Official Statement describing the financing in the form on file with the Secretary, together with any changes therein or additions thereto deemed advisable by the Chairman, the Executive Director or the Treasurer. The Agency authorizes and directs the Chairman, the Executive Director or the Treasurer, on behalf of the Agency, to deem "final" pursuant to Rule 15c2-12 under the Securities Exchange Act of 1934, the information relating to the Agency, the redevelopment project area, the redevelopment law and the Agency Bonds in the Preliminary Official Statement prior to its distribution to prospective investors. Section 5. Final Official Statement The Chairman, the Executive Director or the Treasurer, is authorized and directed to cause the Preliminary Official Statement to be brought into the form of a final official statement (the "Final Official Statement") and to execute said Final Official Statement, and a statement that the information relating to the Agency, the redevelopment project area, the redevelopment law and the Agency Bonds contained in the Final Official Statement, and any supplement or amendment thereto (which shall be deemed an original part thereof for the purpose of such statement) were, at the time of sale of the Bonds, true and correct in all material respects and that the Final Official Statement did not, on the date of sale of the Bonds, and does not, as of the date of delivery of the Bonds, contain any untrue statement of a material fact with respect to the information relating to the Agency, the redevelopment project area, the redevelopment law and the Agency Bonds or omit to state material facts with respect thereto required to be stated where necessary to make any statements made therein not misleading in the light of the circumstances under which they were made. The Chairman, the Executive Director or the Treasurer, shall take such further actions 2