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30-07 Bonds - City Buildings
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30-07 Bonds - City Buildings
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Last modified
5/14/2013 3:12:13 PM
Creation date
9/26/2007 6:04:57 AM
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Office Of Council
Document Type
Ordinances
Date
9/26/2007
Date Adopted
3/26/2007
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Federal Guarantee. The City will not permit the use of the Project, or make <br />loans of the proceeds of the Notes, or invest the proceeds of the Notes in a manner <br />as to cause the Notes to be "federally guaranteed" wittfm the mem~mg of Code <br />Section 149(b) <br /> <br />(e) <br /> <br />Information Reporting. This Council authorizes and directs the Director of <br />F/nnnce or any other official of the City having responsibility for issudng the <br />Notes to sign and file a Form 8038-G for the Notes with the Internal Revenue <br />Service. <br /> <br /> Section 12. Sieninff and Delivery. of Notes and Documents ~Tds Council authorizes <br />and directs the Mayor and the Director of Finanee to sign and deliver the Notes In aceerdance <br />w/th Section 5 of this ord'manee. <br /> <br />(a) Tals Council authorizes and (ftrects the Director of Finance to sign and deliver, on <br /> behalf of the City: <br /> <br />(1) The Ceraficate of Award. <br /> <br />(2) The Registrar Agreement. <br /> <br />(3) Any agreements or letters of representation in eennectinn with a Book-Entry <br /> System for the Notes. <br /> <br />(4) Applications for and agreements in connection with obtaining a policy of <br /> municipal bond insurance for the Notes. <br /> <br />(5) Applications for and agreements in connection with obtaining one or more <br /> ratings for the Notes. <br /> <br /> the absence of the Director of Finance, this CounCil authorizes and directs the <br />Mayor to sign mul deliver any of those documents and certificates. <br /> <br />This Coun(fl authorizes and d/rects the Director of Finance to sign and deliver, on <br />behalf of the City, in her capacity as fiscal officer of the City, any certificates in <br />accordance with Section 5705.41, Revised Code, reqtftred for any of the agreements <br />in ennnection with the Notes In the absence of the Director of Finanee, th/s Cotmcil <br />authorizes and directs any deputy Director of Finance to sign and deliver those <br />certificates, <br /> <br />(c) <br /> <br />~ilais Council authorizes and directs the Mayor, the Law Director, the Director of <br />Finance, the Director of Public Works, the President of Coun~d, the Council Clerk, <br />and any other City officials: <br /> <br />(1) <br /> <br />to sign mad deliver any certificates, instruments, and other documents that the <br />official epnsiders necessary or appropriate in connection with the issuanee <br />and sale of the Notes, and that are not inconsistent with this ordinance; and <br /> <br />(2) to take such actions as are necessary or appropriate to consummate the <br /> transactions contemplated by this ordinance. <br /> <br /> Section 13. Certification to County Auditor. Tiffs Council directs the Director of <br />Finance or the Clerk of this Council to forward a certified copy of this ordinance and a copy of <br />the Certificate of Award to the County Auditor <br /> <br /> Section 14. Definitions. Words and terms are used in tttis orcFmance with the following <br />meanings: <br /> <br /> "Authorized Denominations" means the denonfmation of $100,000 or any integral <br />multiple of $1,000 in excess of $100,000 <br /> <br />"Bonds" means the bonds anticipated by the Notes. <br /> <br /> <br />
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