Laserfiche WebLink
to the Refunding Bonds as may be needed to obtain such insurance or surety bond. In <br />connection with any such surety bond, each Authorized Officer is hereby severally authorized <br />and directed to execute and deliver an agreement on behalf of the Successor Agency, in such <br />form as approved by such Authorized Officer, with the provider of such surety bond pursuant to <br />which the Successor Agency would agree to reimburse such provider for any draws under such <br />surety bond and to pay such provider any other fees and expenses related thereto as such <br />Authorized Officer shall approve, such approval (and the approval by the Authorized Officer of <br />the form of such agreement) to be conclusively evidenced by the execution and delivery of such <br />agreement. <br />6. Recovery of Costs. The Successor Agency is hereby authorized to recover its <br />costs of issuance with respect to the Refunding Bonds including the cost of reimbursing the City <br />for staff time and costs spent with respect to the Refunding Bonds, <br />7. Other Acts. The officers and staff of the Successor Agency are hereby authorized <br />and directed, jointly and severally, to do any and all things, to execute and deliver any and all <br />documents, including refunding escrow instructions, which in consultation with Orrick, <br />Herrington & Sutcliffe LLP, the Successor Agency's bond counsel, they may deem necessary or <br />advisable in order to consummate the issuance, sale and delivery of the Refunding Bonds, or <br />otherwise effectuate the purposes of this Resolution, and any and all such actions previously <br />taken by such officers or staff members are hereby ratified and confirmed. <br />S. Effective Date. This Resolution shall take effect upon adoption. <br />ADOPTED this 5th day of July 2016. <br />APPROU AS T� FORM: <br />Sonia III arvPho City Attorney <br />Miguel A. Pulido <br />Mayor <br />AYES: Councilmembers <br />NOES: Councilmembers <br />3 -11 <br />