1983 022 Ordinance - Laserfiche WebLink

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or with the Company or any officer, employee, consultant or agent of the Com- pany to give (i) an appropriate certificate of the Issuer, for inclusion in the transcript of proceedings for the Bond, setting forth the reasonable ex- pectations of the Issuer regarding the amount and use of the proceeds of the Bond and the facts, estimates and circumstances on which they are based, such certificate to be premised on the reasonable expectations and the facts, esti- mates and circumstances on which they are based as provided by the Company, all as of the date of delivery of and payment for the Bond and (ii) the state- ments setting forth the information required by Section 103(1) of the Code which shall be based on the relevant information provided by the Company. (h) Transcript of Proceedings. The Clerk of the Legislative Author- ity, or other appropriate officer of the Issuer, shall fumish to the Original Purchaser a true transcript of proceedings, certified by either of said offi- cers, of all proceedings had with reference to the issuance of the Bond along with such information from the records as is necessary to determine the regu- larity and validity of the issuance of the Bond. (i) Prevailing Wage Rates. As provided in Section 165.031, Ohio Revised Code, all wages paid to laborers and mechanics employed on the Project shall be paid at not less than the prevailing rates of wages for laborers and mechanics for the class of work called for by the Project, which wages shall be determined in accordance with the requirements of Chapter 4115, Ohio Re- vised Code, for determination of prevailing wage rates; provided that should the Company or other nonpublic user of the Project undertake, as part of the Project, construction to be performed by its regular bargaining unit employees who are covered under a collective bargaining agreement which was in existence prior to the date of the commitment ins.trument uAdertaking to issue the Bond then, in that event, the rate of pay provided under the collective bargaining agreement may be paid to such employees. (j) Federal.Tax Election. This.Legislative Authority elects to have the limita.tion on capital expenditures specified in Section 103(b)(6)(D) of the Code applied to the Bond. The execution and filing by the Executive or the Fiscal Officer with the Internal Revenue Service of a statement regarding that election, as provided in the Code and the applicable rules and regula- tions of the Internal Revenue Service, is hereby authorized, directed and approved. k 'k) Additional Financing. At the request of the Company, provided that the Company is not in default under the Agreement and to the extent then permitted by law, including the Act, the Issuer shall use its best efforts to provide for the issuance of revenue obligations in addition to the Bond for the purpose of (i) completing the Project, (ii) acquiring, constructing, in- stalling or equipping additional property for use in connection with the Project or (iii) with the consent of the Holder refunding the Bond or any other such revenue obligations previously issued. Additional revenue obliga- tions issued for the purposes described in clause (i) shall be issued only with the written consent of the Holder and shall be on a parity with the Bond -as to the assignment of the Revenues and the Mortgaged Property, as defined in the Mortgage. 10