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taxable property in the City shall be reduced by the amount of such revenues so <br />available and appropriated. <br /> <br /> Section 8. It is hereby determined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the issuing of <br />the Notes in order to make them legal, valid and binding obligations of the City <br />of Lakewood, will have been done and performed in regular and due form as <br />required by law; and that no limitation of indebtedness or taxation, either <br />statutory or constitutional, will have been exceeded in the issuance of said <br />Notes. <br /> <br /> Section 9. The Clerk of Council is hereby directed to forward a <br />certified copy of this ordinance to the County Auditor. <br /> <br /> Section 10. The Mayor and Director of Finance, or either of them, <br />are authorized to prepare, execute and deliver to the original purchaser of the <br />Notes a preliminary and final Official Statement or any other appropriate <br />disclosure document in connection with the sale and delivery of the Notes. <br /> <br /> Section 11. It is found and determined that all formal actions of <br />this Council concerning and relating to the passage of this ordinance were <br />adopted in an open meeting of this Council, and that all such deliberations of <br />this Council and any of its committees that resulted in such formal action, were <br />in meeting open to the public, in compliance with all legal requirements <br />including the City's Charter and Codified Ordinances. <br /> <br /> Section 12. This ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, property, <br />health, safety and welfare in the City for the reasons set forth and defined in <br />the preamble to this ordinance, and provided it receives the affirmative vote <br />of two-thirds of all members elected to Council, this ordinance shall take effect <br />and be in force immediately upon its adoption by the Council and approval by the <br />Mayor; otherwise, it shall take effect and be in force after the earliest period <br />allowed by law. /~ <br /> <br />Passed: ~ / , 1990 <br /> <br />Approved: .' .'~ , 1990 <br /> <br />President of Council <br />Clerk of Council <br /> <br />236/14282ADA <br /> <br />-3- <br /> <br /> <br />