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The Director of Finance, as the fiscal officer, or any other officer of the City having
<br />responsibility for issuance of the Bonds is hereby authorized (a) to make or effect any election,
<br />selection, designation, choice, consent, approval, or waiver on behalf of the City with respect to
<br />the Bonds as the City is permitted or required to make or give under the federal income tax laws,
<br />including, without limitation thereto, any of the elections provided for in Section 148(f)(4)(c) of
<br />the Code or available under Section 148 of the Code, for the purpose of assuring, enhancing or
<br />protecting favorable tax treatment or status of the Bonds or interest thereon or assisting
<br />compliance with requirements for that purpose, reducing the burden or expense of such
<br />compliance, reducing the rebate amount or payments or penalties, or making payments. of special
<br />amounts in lieu of making computations to determine, or paying, excess earnings as rebate, or
<br />obviating those amounts or payments, as determined by that officer, which action shall be in
<br />wrifing and signed. by the officer, (b) to take any and all other actions, make or obtain
<br />calculations, make payments, and make or give reports, covenants and certifications of and on
<br />behalf of the City, as may be appropriate to assure the exclusion of interest from gross income
<br />and the intended tax status of the Bonds, and (c) to give one or more appropriate certificates of
<br />the City, for inclusion in the transcript of proceedings for the Bonds, setting forth the reasonable
<br />expectations of the City regarding the amount and use of all the proceeds of the Bonds, the facts,
<br />circumstances and estimates on which they are based, and other facts and circumstances relevant
<br />to the tax treatment of the interest on and the tax status of the Bonds.
<br />To the extent permitted by law and a determination it is in the best interests of the City,
<br />the Director of Finance is authorized to designate the Bonds as "qualified tax-exempt
<br />obligations" for purposes of Section 265(b)(3) of the Code.
<br />Section 9. Official Statement and Continuing Disclosure.
<br />(a) Primary Offering Disclosure -- Official Statement. The Preliminary Official
<br />Statement of the City relating to the original issuance of the Bonds substantially in the form now on
<br />file with the Clerk of Council is approved. The distribution and use of the Preliminary Official
<br />Statement is hereby approved: The Mayor and the Director of Finance are each authorized and
<br />directed to complete the Preliminary Official Statement, with such modifications, complefions,
<br />changes and supplements, as those officers shall approve or authorize for the purpose of preparing
<br />and determining, and to certify or otherwise represent, that the revised Preliminary Official
<br />Statement is a "deemed final" official statement (except for permitted omissions) by the City as of
<br />its date for purposes of the Rule.
<br />Those officers are each further authorized and directed to complete and sign on behalf of the
<br />City, and in their official capacities, a final official statement for purposes of the Rule, and are
<br />further authorized to use and distribute, or authorize the use and distribution of, that fmal official
<br />statement and supplements thereto in connection with the original issuance of the Bonds as may in
<br />their judgment be necessary or appropriate. Those officers and each of them are also authorized to
<br />sign and deliver, on behalf of the City, and in their official capacities, such certificates in connection
<br />with the accuracy of the Preliminary Official Statement and the final official statement and any
<br />amendment thereto as may, in their judgment, be necessary or appropriate.
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