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02 RESOMULTIFAMBONDSLACY&RAITT
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02 RESOMULTIFAMBONDSLACY&RAITT
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1/3/2012 3:30:39 PM
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City Clerk
Doc Type
Agenda Packet
Item #
02
Date
6/8/2009
Notes
Includes Ex.1, Ex.2, and Resolution
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counsel to the Authority, including such changes or insertions as are <br />necessary or advisable in accordance wi#h Section 7 hereof, such approval <br />to be conclusively evidenced by the delivery thereof. <br />Section 5. The Regulatory Agreement and l0eclaration of Restrictive <br />Covenants with respect to each location of the Project (collectively, the <br />"Regulatory Agreement") in the farm on file with the Authority is hereby <br />approved. Any Designated Officer, acting alone, is authorized to execute by <br />manual signature and deliver the Regulatory Agreement wi#h respect to <br />each location of the Project, in substantially said form, smith such changes <br />and insertions therein as are recommended or approved by such officers <br />upon cansulta#ion with bond counsel to the Authority, including such <br />changes or insertions as are necessary or advisable in accordance with <br />Section 7 hereof, such approval to be conclusively evidenced by the delivery <br />thereof. <br />Section 6. The Bonds shall be delivered, when duly executed and <br />authenticated, if required, to or at the direction of the purchaser thereof, in <br />accordance with written instructions executed and delivered on behalf of the <br />Authority by any Designated Officer, acting alone, and any Designated <br />Officer, acting alone, is hereby authorized and directed fa execute and <br />deliver such instructions. Such instructions shalt provide for the delivery of <br />the Bonds to or at the direction of the purchaser thereof upon payment of <br />the purchase price thereof. <br />Section 7. All actions heretofore taken by the officers and agents of the <br />Authority with respect to the financing of the Project and the sale and <br />issuance of the Bonds are hereby approved, ratified and confirmed, and any <br />Designated Officer, acting alone, is hereby authorized and directed, for and <br />in the name ant! on behalf of the Authority, to do any and ail things and take <br />any and all actions and execute and deliver any and all certificates, <br />agreements and other documents, including but net limited to a tax <br />certificate, a subordination or intercreditor agreement, any endorsement <br />and/or assignment of the deed of trust and such other documents as <br />described in the indenture and the other documents herein approved, which <br />they, or any of them, may deem necessary or advisable in order to <br />consummate the lawful issuance and delivery of the Bonds and to effectuate <br />the purposes thereof and of the documents herein approved in accordance <br />with this resolution and resolutions heretofore adopted by the Authority and <br />otherwise in order to carry out the financing of the Project. <br />Section 8. All consents, approvals, notices, orders, requests and other <br />actions permitted ar required by any of the documents authorized by this <br />Resolution, whether before or after the issuance of the Bonds, including <br />without limitation any of the foregoing that may be necessary or desirable in <br />connection with any defaul# under or amendment of such documents, any <br />transfer or ether disposition of the Project, any addition or substitution of <br />security far the Bands or any redemption of the Bands, may be given or <br />taken by any Designated Officer, as appropriate, without further <br />authorization by the Authority, and each such officer is hereby authorized <br />and directed to give any such consent, approval, notice, order ar request <br />and to take any such action that such officer may deem necessary or <br />HA Resolution No. 2809-003 <br />Page 3 of 4 <br />
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