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as may be necessary, after taking into account reasonable expectations <br />at the time of the delivery of and payment for said bonds, so that said <br />bonds will not constitute arbitrage bonds under Section 103(c) of the <br />Internal Revenue Code and the applicable income tax regulations under <br />that Internal Revenue Code and the applicable income tax regulations <br />under that Section. The fiscal officer or any other officer, including <br />the Clerk of Council, having responsibility for issuing said bonds is <br />authorized and directed, alone or in conjunction with any of the fore- <br />going or with any other officer, employee, or consultant of the City, to <br />give an appropriate certificate of the City's reasonable expectations, <br />as of the date of delivery of the bonds, for inclusion in the transcript <br />of proceedings, which shall state (in brief and summary terms) the facts <br />and estimates on which the City's reasonable expectations as to future <br />events are based and state that, to the best of the knowledge and belief <br />of the certifying officer, the City's expectations are reasonable. <br /> <br /> Section 9. The Clerk of Council is hereby directed to forward <br />a certified copy of this ordinance to the County Auditor. <br /> <br /> Section 10. The Mayor and Director of Finance, or either of <br />them, are authorized to prepare, execute and deliver to the purchaser of <br />said bonds a preliminary and final Official Statement or any other <br />appropriate disclosure document in connection with the sale and delivery <br />of said bonds. <br /> <br /> Section 11. It is found and determined that all formal ac- <br />tions of this Council concerning and relating to the passage of this <br />ordinance were adopted in an open meeting of this Council, and that all <br />such deliberations of this Council and any of its committees that re- <br />sulted in such formal action, were in meetings open to the public, in <br />compliance with all legal requirements including the City's Charter and <br />Codified Ordinances and Section 121.22 of the Ohio Revised Code. <br /> <br /> Section 12. This ordinance is hereby declared to be an emer- <br />gency measure necessary for the immediate preservation of the public <br />peace, property, health, safety and welfare in the City for the reasons <br />set forth and defined in the preamble to this ordinance and provided it <br />receives the affirmative vote of two-thirds (2/3) of all members elected <br />to Council, this ordinance shall take effect and be in force immediately <br />upon its adoption by the Council and approval by the Mayor; otherwise, <br />it shall take effect and be in force after the earliest period allowed <br />by law. <br /> <br />Passed: <br /> <br />, 1983 <br /> <br />Approve~/~ <br /> <br />Clerk ~f Council <br /> <br />133TS-G <br /> <br />-3- <br /> <br /> <br />