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out by such officers without further approval or action of the City Council. The <br />approvals, authorization and direction provided by this resolution shall continue, subject <br />to the satisfaction of such conditions, until June 30, 2017, and the Bonds may be sold, <br />and the Bonds, the Fiscal Agent Agreement, the Continuing Disclosure Agreement, the <br />Bond Purchase Agreement, the Preliminary Official Statement and the Final Official <br />Statement may be dated, entered into, executed and delivered or distributed, as <br />appropriate, on any date selected by the Executive Director, Finance & Management <br />Services Agency and the Underwriter prior to said date. <br />SECTION 13. Effective Date. This resolution shall take effect upon adoption <br />and shall remain in effect until June 30, 2017, or if the Bonds are issued prior to said <br />date, until all of the Bonds are paid at or redeemed prior to maturity. <br />ADOPTED this 21 st day of June 2015, <br />APPROVED AS TO FORM: <br />Sonia R:)Carv9lho, City Attorney <br />0 <br />Attorney <br />AYES: Councilmembers <br />NOES: Councilmembers <br />ABSTAIN: Councilmembers <br />NOT PRESENT: Councilmembers <br />Miguel A. Pulido <br />Mayor <br />55B -15 <br />Resolution No. 2016 -XXX <br />Page 5 of 6 <br />