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Section 5. The form of Indenture, on file with the Clerk of the Council, with such
<br />changes, insertions and omissions therein as an authorized officer of the Authority
<br />executing the same may require or approve, such approval to be conclusively
<br />evidenced by the execution and delivery thereof, is hereby approved; provided,
<br />however, that the aggregate amount of the Bonds shall not exceed $17,000,000, the
<br />final maturity date of the Bonds shall be no later than September 1, 2031 and the true
<br />interest cost applicable to the Bonds shall not exceed 4.00% and, provided, further, that
<br />such changes, insertions and omissions shall be consistent with the terms of the Bonds
<br />established by the Purchase Contract as finally executed.
<br />Section 6. The issuance of not to exceed $17,000,000 aggregate principal
<br />amount of the Bonds, in the principal amounts, bearing interest at the rates and
<br />maturing on the dates as specified in the Indenture as finally executed, is hereby
<br />approved.
<br />Section 7. The form of Purchase Contract, on file with the Clerk of the Council, is
<br />hereby approved, and the Authorized Officers are each hereby authorized and directed,
<br />for and in the name and on behalf of the City, to execute and deliver the Purchase
<br />Contract in substantially said form, with such changes therein as the Authorized Officer
<br />executing the same may require or approve, such approval to be conclusively
<br />evidenced by the execution and delivery thereof; provided, however, that the
<br />underwriter's discount for the sale of the Bonds shall not exceed 0.484% of the
<br />aggregate principal amount of such Bonds.
<br />Section 8. The form of Escrow Agreement, on file with the Clerk of the Council,
<br />is hereby approved, and the Authorized Officers are each hereby authorized and
<br />directed, for and in the name and on behalf of the City, to execute and deliver the
<br />Escrow Agreement in substantially said form, with such changes therein as the
<br />Authorized Officer executing the same may require or approve, such approval to be
<br />conclusively evidenced by the execution and delivery thereof.
<br />Section 9. The form of Preliminary Official Statement, on file with the Clerk of the
<br />Council, with such changes, insertions and omissions therein as may be approved by
<br />an Authorized Officer, is hereby approved, and the use of the Preliminary Official
<br />Statement in connection with the offering and sale of the Bonds is hereby authorized
<br />and approved. The Authorized Officers are each hereby authorized to certify on behalf
<br />of the City that the Preliminary Official Statement is deemed final as of its date, within
<br />the meaning of Rule 15c2 -12 (except for the omission of certain final pricing, rating and
<br />related information as permitted by Rule 15c2 -12).
<br />Section 10. The Authorized Officers are each hereby authorized and directed to
<br />furnish, or cause to be furnished, to prospective investors for the Bonds a reasonable
<br />number of copies of the Preliminary Official Statement.
<br />Section 11. The preparation and delivery of an Official Statement, and its use in
<br />connection with the offering and sale of the Bonds, is hereby authorized and approved.
<br />Resolution No. 2014 -XXX
<br />55394.00011 \8780228.5 80A-8 Page 4 of 6
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