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4 - JOINT SESSION - BONDS
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12/06/2010
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4 - JOINT SESSION - BONDS
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Last modified
1/3/2012 3:29:36 PM
Creation date
12/2/2010 1:36:57 PM
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City Clerk
Doc Type
Agenda Packet
Item #
4
Date
12/6/2010
Destruction Year
2015
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<br /> <br /> <br /> <br /> thereof, is hereby authorized and directed to execute, and the Secretary is hereby <br /> authorized and directed to attest to, the final form of the 1998D Escrow Agreement for <br /> and in the name and on behalf of the Authority. The Board hereby authorizes the <br /> delivery and performance of the 1998D Escrow Agreement. <br /> SECTION 3. Purchase and Sale of the 2010 Bonds. The Board hereby <br /> authorizes the purchase by the Authority of the 2010A Bonds for concurrent re-sale to <br /> Stone & Youngberg LLC and E. J. De La Rosa & Co., Inc- (the "2010A Underwriters"), <br /> so long as the total 201 OA Underwriters' discount, excluding original issue discount <br /> which does not constitute compensation to the 201 OA Underwriters, does not exceed <br /> 1 % of the principal amount of the 201 OA Bonds, and so long as the final maturity date of <br /> the 2010A Bonds is no later than September 1, 2035. The Board hereby authorizes the <br /> purchase by the Authority of the 201 OB Bonds for concurrent re-sale to (the "201 OB <br /> Underwriter"), so long as the total 20108 Underwriter's discount, excluding original <br /> issue discount which does not constitute compensation to the 201 OB Underwriter, does <br /> not exceed 1 % of the principal amount of the 201 OB Bonds, and so long as the final <br /> maturity date of the 201 OB Bonds is no later than September 1, 2035. The Board <br /> hereby approves a bond purchase agreement relating to the 2010 Bonds, by and <br /> among the 201 OA Underwriters, the Authority and the Agency with respect to the 201 OA <br /> Bonds, and by and among the 201 OB Underwriter, the Authority and the Agency with <br /> respect to the 201 OB Bonds, in the form on file with the Secretary (the "2010 Bond <br /> Purchase Agreement"), together with such additions thereto and changes therein as the <br /> Executive Director, or any designee thereof, shall deem necessary, desirable or <br /> appropriate, and the execution thereof by the Executive Director, or any designee <br /> thereof, shall be conclusive evidence of the approval of any such additions and <br /> changes. The Executive Director, or any designee thereof, is hereby authorized and <br /> directed to execute the final form of the 2010 Bond Purchase Agreement for and in the <br /> name and on behalf of the Authority- <br /> SECTION 4. Official Actions. The Executive Director and any and all other <br /> officers of the Authority, are hereby authorized and directed, for and in the name and on <br /> behalf of the Authority, to do any and all things and take any and all actions, including <br /> execution and delivery of any and all assignments, certificates, requisitions, <br /> agreements, notices, consents, instruments of conveyance, warrants and other <br /> documents which they, or any of them, may deem necessary or advisable in order to <br /> consummate the lawful issuance and sale of the 2010 Bonds as described herein. <br /> Whenever in this resolution any officer of the Authority is authorized to execute or <br /> countersign any document or take any action, such execution, countersigning or action <br /> may be taken on behalf of such officer by any person designated by such officer to act <br /> on his or her behalf in the case such officer shall be absent or unavailable. <br /> SECTION 5. Effect. This Resolution shall take effect from and after the date of its <br /> passage and adoption. <br /> Resolution No. SAFA 2010- <br /> 4-9 Page 5 of 2 <br />
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