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Agency is authorized to execute and deliver the Bond Purchase Agreement on behalf of <br />the City. <br />All action which has been taken by or at the direction of the Executive Director, Finance <br />& Management Services Agency prior to the adoption of this resolution with respect to <br />the sale of the Bonds, including but not limited to the negotiation of the terms of the <br />Bond Purchase Agreement, is ratified and approved. <br />SECTION 8. No City Obligation. Pursuant to Section 8769 of the Streets and <br />Highways Code of the State of California, the City Council has determined in the <br />Resolution of Intention, and does hereby determine, that the City will not obligate itself <br />to advance funds from the City treasury to cure any deficiency in the Redemption Fund <br />for the Bonds established pursuant to the Fiscal Agent Agreement. <br />SECTION 9. Approval of Continuing Disclosure Agreement. The form of the <br />Continuing Disclosure Agreement is approved and the Mayor, the City Manager or the <br />Executive Director, Finance & Management Services Agency is authorized to execute <br />and deliver the final form of the Continuing Disclosure Agreement, which may include <br />such changes or modifications as are deemed appropriate by Bond Counsel, for and in <br />the name and on behalf of the City. <br />SECTION 10. Modifications. The approval of the form of the Fiscal Agent <br />Agreement, Continuing Disclosure Agreement and Bond Purchase Agreement given by <br />this resolution shall apply to any modification or amendment of any of said agreements <br />which is agreed upon and approved by the City Attorney and Bond Counsel and the <br />Executive Director, Finance & Management Services Agency as being necessary to <br />carry out the provisions thereof and the authorization and direction provided in this <br />resolution. <br />SECTION 11. Further Action. The Executive Director, Finance & Management <br />Services Agency is authorized to take any and all action which is directed by the City <br />Attorney and Bond Counsel with respect to the execution and delivery of the Fiscal <br />Agent Agreement, the Continuing Disclosure Agreement and the Bond Purchase <br />Agreement and the issuance, sale and delivery of the Bonds, which in the opinion of the <br />City Attorney and Bond Counsel is necessary in order for the authorization and direction <br />provided in this resolution to be carried out. <br />SECTION 12. Conditions of Approval. The approvals, authorization and <br />direction given by this resolution are conditioned upon the satisfaction of the <br />requirements of Section 7 hereof with respect to the issuance and sale of the Bonds. <br />The officers of the City designated above shall not take any action with respect to the <br />execution and delivery of the Fiscal Agent Agreement, the Continuing Disclosure <br />Agreement and the Bond Purchase Agreement or the issuance, sale and delivery of the <br />Bonds unless and until such conditions are satisfied; provided, however, that upon <br />satisfaction of such conditions, this resolution shall be fully effective and shall be carried <br />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 />Resolution No. 2016-049 <br />Page 4 of 6 <br />