03-23-1998 Council Packet - Laserfiche WebLink

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WHEREAS, the Authority has offered the Bonds for sale by means of an Official Statement, dated March 12,1998 (together with an Addendum thereto to be prepared and distributed prior to delivery of the Bonds, the "Official Statement"); and WHEREAS, forms of the First Amendment to Lease and the Official Statement have been presented to this Board and are hereby ordered to be placed on file in the office of the City Clerk. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Or '>NO (the "City"), as follows: NOW, THEREFORE, BE IT RESOLVED by this Council that the First Amendment to Lease and the Escrow Agreement, dated as of April I, 1998 (the "Escrow Agreement"), between the City and Firstar Bank of Minnesota, N.A., as escrow agent, substantially in the forms presented to this Board, are hereby approved. The Mayor and the City Clerk (or, in the event of their absence or disability, the acting Mayor or the acting City Clerk, respectively) are hereby authorized and directed to execute and deliver the First Amendment to Lease and the Escrow- Agreement in the name of and on behalf of the City. All of the provisions of the First Amendment to Lease and the Escrow Agreement, when executed and delivered as authorized herein, shall be deemed to be a part of this resolution as fully and to the same extent as if incorporated herein. The First Amendment to Lease and the Escrow Agreement shall be substant’ally in the form now on tile in the office of the City Clerk, with such necessary and appropriate variations, omissions and insertions as the Mayor shall determine to be necessary or appropriate, and the execution thereof by the Mayor shall be conclusive evidence of such determinations. BE IT FURTHER RESOLVED that the Board hereby approves the form of the Official Statement annexed hereto and it is hereby determined that the information contained therein regarding the City is accurate and complete. The officers of the City are hereby authorized and directed to execute such certificates as may be appropriate concerning the accuracy, completeness and sufficiency of the Official Statement insofar as it coniaiiis infcvmation describing the City and the Lease. BE IT FURTHER RESOLVED that the Board hereby authorizes and directs officers of the City to execute such other certificates and documents as may be necessary' and appropriate to effectuate the transactions contemplated by the First Amendment to Lease and the Official Statement. Page 2 of 7