03-23-1998 Council Packet - Laserfiche WebLink

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This section may be amended or supplemented by the City from time to time, without notice to or the consent of the Owners of any Bonds, by a resolution of this Council filed in the office of the recording officer of the Cit> accompanied by an opinion of Bond Counsel, who may rely on certificates of the City and others and the opinion may be subject to customary' qualifications, to the effect that: (i) such amendment or supplement (a) is made in connection with a change in circumstances that arises from a change in law or regulation or a change in the identity, nature or status of the City or the type of operations conducted by the City, or (b) is required by, or better complies with, the provisions of paragraph (d)(2) of the Rule; (ii) this section as so amended or supplemented would have complied with the requirements of paragraph (d)(2) of the Rule at the time of the primary offering of the Bonds, giving effect to any change in circumstances applicable under clause (i)(a) and assuming that the Rule as in effect and interpreted at the time of the amendment or supplement was in effect at the time of the primary offering; and (iii) such amendment or supplement does not materially impair the interests of the Bondowners under the Rule. This section is entered into to comply with, and should be construed so as to satisfy the requirements of, paragraph (d)(2) of the Rule. BE IT FINALLY RESOLVED that this resolution shall be in full force and effect from and after its passage and that copies be forwarded to the Housing and Redevelopment Authority in and for *he City of Orono. Adopted by the City Council this 23rd day of March, 1998. ATTEST: Linda S. Vee, City Clerk Gabriel Jabbour, Mayor Page 7 of 7