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Annual Information and notices of the events described above shall terminate, if and when the City <br />no longer remains such an obligated person. <br />The Duector of Finance is hereby authorized and directed, to the extent necessary or <br />required, to enter into any agreements, in the name and on behalf of the City, that the Director of <br />Finance determines to be necessary in connection with a book entry system for the Bonds, after <br />approval of any such agreement by the Director of Law. <br />Section 10. Redemution of Outstandine Bonds. This City Council fmds and determines <br />that the redemption of all or a portion of the Outstanding Bonds could result in substantial present <br />value savings to the City. The Director of Finance is authorized to determine in the Certificate of <br />Aware the amount and maturities of the Outstanding Bonds to be redeemed in order to maximize <br />present value savings to the City; and the Director of Finance is authorized to determine the date for <br />the redemption of those Outstanding Bonds; and the Director of Finance is hereby directed to .give <br />notice of that redemption. <br />The Escrow Agreement in the form now on file with the Clerk is approved. The Director of <br />Finance is authorized to sign and deliver, in the name and on behalf of the City, the Escrow <br />Agreement with any changes. that are not inconsistent with this Ordinance, are not materially <br />adverse to the City, and are approved by the Director of Finance. That any such changes .are not <br />materially adverse to the City and have been approved by the Director of Finance shall be evidenced <br />conclusively by the signing of the Escrow Agreement by the Director of Finance. <br />Secfion 11. Certification and Delivery of Ordinance and Certificate of Award. The Director <br />of Finance is directed to deliver a certified copy of this Ordinance and the Certificate of Award to <br />the County Fiscal Officer. <br />Section 12. Notice of Passaee. The Clerk of Council is directed to give public notice of the <br />passage of this Ordinance in accordance with Section 12 of the Charter of the City. <br />Section 13. Satisfaction of Conditions for Bond Issuance. This Council determines that all <br />acts and conditions necessary to be done or performed by the City or to have been met precedent to <br />and in the issuing of the Bonds in order to make them legal, valid and binding general obligations of <br />the City have been performed and have been met, or will at the time of delivery of the Bonds have <br />been performed and have been met, in regular and due form as required by law; that the full faith <br />and credit and general property taxing power {as described in Section 7) of the City are pledged for <br />the timely payment of the debt charges on the Bonds; and that no statutory or constitutional <br />limitation of indebtedness or taxation will have been exceeded in the issuance of the Bonds. <br />Section 14. Retention of Financial Advisor. The services of MAS Financial Advisory <br />Services LLC, as financial advisor, are hereby retained. The financial advisory services shall be <br />in the nature of financial advice and recommendations in connection with the issuance and sale <br />of the Bonds. In rendering those financial advisory services, as an independent contractor, that <br />firm shall not exercise any administrative discretion on behalf of the City in the formulation of <br />public policy, expenditure of public funds, enforcement of laws, rules and regulations of the <br />State, the City or any other political subdivision, or the execution of public trusts. That firm <br />16 <br />