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<br />7) the Principal Retirement Dates, the Term Maturity Dates, and the
<br />Mandatory Redemption Dates, provided that the first Principal Retirement Date shall be no later
<br />than December I, 2006;
<br />
<br />8) the Principal Retirement Schedule (including the Mandatory Sinking Fund
<br />Redemption Requirements), consistent with the aggregated separate periodic maturities and
<br />principal payments determined in accordance with the maximum matwities certified to this
<br />Council by the Fiscal Officer for each of the purposes specified in Section I of this Ordinance;
<br />
<br />9) the Earliest Optional Redemption Date, provided that such date shall occur
<br />no later than ten years :ITom the first Principal RetÎIement Date of the Bonds;
<br />
<br />10) the Optional Redemption Prices, provided that no such Optional
<br />Redemption Price shall exceed 103% of the principal amount ofthe Bonds to be redeemed;
<br />
<br />11) the portion of the 1995 Bonds, either all or some lesser portion, that will
<br />be advance refimded with proceeds of the Bonds; and
<br />
<br />12) if the Fiscal Officer detennines that it is in the City's best financial interest
<br />to advance refund less than all of the 1995 Bonds currently outstanding, the selection of the 1995
<br />Bonds and the date on which those selected 1995 Bonds are to be redeemed pursuant to optional
<br />redemption, which date shall be the earlíest optional redemption date which will cause the City
<br />to realize present value debt savings.
<br />
<br />SECTION 7 A preliminary official statement of the City relating to the original
<br />issuance of the Bonds is her~by authorized to be distributed. The Mayor and Fiscal Officer, or
<br />anyone of them, are authorized and dÎIected to complete and sign, on behalf of the City and in
<br />thejr official capacities, an official statement, with such modifications, changes and supplements
<br />:ITom the preliminary official statement as those officers or any one of them shall approve or
<br />authorize, Those officers are authorized, on behalf of the City and in theÎI official capacities, to
<br />(i) determine, and to certify or otherwise represent, when the official statement is «deemed final"
<br />(except for permitted omissions) by the City as of its date or is a final official statement for
<br />purposes ofSEC Rnle 15c2"12(b)(1), (3) and (4), (Ii) use 1IJ1d distribnte, or authorize the use 1IJ1d
<br />distribution of> those official statements and any supplements thereto in connection with the
<br />original issuance of the Bonds, and (iii) complete and sign those official statements as so
<br />approved, together with such certificates, statements or other documents in connection with the
<br />finality, accuracy and completeness of those official statements;
<br />
<br />SECTION 8 The Fiscal Officer shall appoiut a bank or trust company to act as
<br />the authenticating agent, bond registrar, transfer agent and paying agent for the Bonds. The
<br />Fiscal Officer shall sign and deliver, in the uame 1IJ1d on behalf of the City, a bond registrar
<br />agreement between the City and the Registrar (the "Agreemeut") The Fiscal Officer shall
<br />provide for the payment- of the services rendered and for reimbursement of expenses incurred
<br />pursuant to the Agreement :ITom the proceeds of the Bonds to the extent available, and then :ITom
<br />other moneys lawfully available and appropriated or to be appropriated for that purpose'
<br />
<br />SECTION 9 The proceeds rrom the sale of the Bonds, uot including the accrued
<br />interest thereon pursuant to Section 133.34 of the Ohio Revised Code, or the portion of the Bond
<br />proceeds required to pay costs of issuance pursuant to SectionS hereof, but including any
<br />premium received in connection therewith, shall be deposited in a separate fund, designated the
<br />"Escrow Fund," to be held by à bank or trust company selected by the Fiscal Officer (the
<br />"Refunded Bonds Escrow Agent") and is hereby pledged 1IJ1d is to be applied solely to the
<br />payment of redemption premiùm, if any, and debt service on the Refunded Bonds as and when
<br />due by scheduled maturity or redemption; prior thereto, as further provided in an Escrow
<br />Agreement to be entered into between the City and th(;3 Refunded Bonds Escrow Agent The
<br />Mayor and the Fiscal Officer, or anyone of them,_ are hereby authorized and directed to enter
<br />into that Escrow Agreement, as well as any other written documents and agreements as are
<br />nec,ssary in their judgmeut to facilitate the transactions authorized in this Ordinance on behalf of
<br />th, City. The Fiscal Officer is also authorized to retain, on behalf of the City, the services of an
<br />independent public accounting finn to perform the verification, required by Section 133 34(D),
<br />Ohio'Revised Code, of the sufficiency of amounts in the- Escrow Fund to cause the Refunded
<br />
<br />{KLF2993;2}
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