Laserfiche WebLink
� �� <br /> � O O <br /> ,b. - CITY of ORON� <br /> � ti � <br /> '�' RESOWTION OF THE CITY COUNCIL <br /> ' ��`QI�'E Hpg'�'G . � NO. l: `� . <br /> � S <br /> Section 5.The officers of the Authority are hereby authorized to do all acts and things <br /> required of them by or in connection with this resolution,the Indenture,the Lease and the Escrow <br /> Agreement for the full, punctual and complete performance of all the terms, covenants and <br /> agreements contained in the Bonds,the Indenture and the Lease and this resolution, including the <br /> execution and delivery of such closing certificates, arbitrage certifications and similar documents <br /> as may be required by bond counsel in connection with the issuance and delivery of the Bonds. <br /> Section 6.It is hereby found and deterniined that the most favorable proposal received <br /> for the purchase of the Bonds is that submitted by of . <br /> , , and associates (the "Purchaser"),to purchase the Bonds <br /> at a price of$ ,plus accrued interest to the date of closing,the Bonds maturing in <br /> the following years to mature in the principal amounts and to bear interest at the designated rates set <br /> forth below opposite such years,respectively: <br /> Principal Interest Principal Interest <br /> � Maturitv Amounts Rate Maturi Amounts Rate <br /> 2002 2006 <br /> 2003 � 2007 . <br /> 2004 2008 <br /> 2005 . 2009 <br /> Said offer is hereby accepted and the Chairperson and the Secretary are hereby authorized and <br /> directed to execute a contract on the part of the Authority for the sale of the Bonds to the Purchaser. <br /> Section 7.The Official Statement prepared and distributed on behalf of the Authority <br /> by Ehlers and Associates,Inc. is hereby approved and the Official Statement is hereby deemed final <br /> . for purposes of SEC Rule 15c2-12(b)(1). The officers of the Authority are hereby authorized and <br /> directed to execute.such certificates as may be appropriate concerning the accuracy,completeness <br /> and sufficiency of the Official Statement and to deliver to the Purchaser within seven business days <br /> after the date of adoption of this resolution copies of the Official Statement in accordance with the <br /> Terms and Conditions of Sale, supplemented so as to contain the terms of the Bonds as set forth in <br /> this resolution and the reoffering and other information provided by the Purchaser for inclusion in <br /> the Official Statement. <br /> � Page 4 of 7 <br /> i <br />