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<br />Finance is authorized, if it is deternuned to be in the best interest of the City, to combine the issue of
<br />Notes with one or more other note issues of the City into a consolidated note issue pursuant to
<br />Section 133.30(B) of the Revised Code; provided that, if the aggregate principal amount of any such
<br />consolidated note issue is $1,000,000 or more, no note of that issue sha11 be issued in a
<br />denomination less than $100,000 or be exchangeable for other notes in denominations less than
<br />$100,000, unless a disclosure document in the form of an official statement is prepared, distributed
<br />and used in connection with the original primary offering of that issue.
<br />If, in the judgment of the Mayor and the Director of Finance, the preparation of a
<br />disclosure document in the form of an official statement is appropriate in connection with the
<br />primary offering of the Notes (or a consolidated issue of which they are a part), either or both of
<br />those officers, on behalf of the City and in their official capacities, may (i) prepare or cause to be
<br />prepared, and make or authorize modifications, completions or changes of or supplements to, such
<br />an official statement (which may include the City's 1999 Annual Informational Statement in
<br />connection with Bonds and Notes), (ii) determine, and to certify or otherwise represent, when the
<br />official statement is to be "deemed final" (except for permitted omissions) by the City as of its date
<br />or is a final official statement for purposes of SEC Rule 15c2-12(b)(1), (3) and (4), (iii) use and
<br />distribute, or authorize the use and distribution of those official statements and any supplements
<br />thereto in connection with the original issuance of the Notes, and (iv) complete and sign those
<br />official statements as so approved together with such certificates, statements or other documents in
<br />connection with the finality, accuracy and completeness of those official statements.
<br />As used in this Section and this ordinance:
<br />"Note proceedings" means, collectively, this ordinance and the other proceedings of
<br />the City, including the Notes, that provide collectively for, among other things, the rights of holders
<br />and beneficial owners of the Notes.
<br />"Rule" means Rule 15c2-12 prescribed by the Securities and Exchange Commission
<br />pursuant to the Securities Exchange Act of 1934.
<br />"Specified Events" means the occurrence of any of the following events, within the
<br />meaning of the Rule, with respect to the Notes as applicable: principal and interest payment
<br />delinquencies; non-payment related defaults; unscheduled draws on debt service reserves reflecting
<br />financial difficulties; unscheduled draws on credit enhancements reflecting financial difficulties;
<br />substitution of credit or liquidity providers, or their failure to perform; adverse tax opinions or
<br />events affecting the tax-exempt status of the Notes; modifications to rights of holders or beneficial
<br />owners of the Notes; Note calls; defeasances; release, substitution or sale of property securing
<br />repayment of the Notes; and rating changes. The City has not obtained or provided, and does not
<br />expect to obtain or provide, any debt service reserves, credit enhancements or credit or liquidity
<br />providers for the Notes, the Notes are not subject to call for redemption prior to maturity, and
<br />repayment of the Notes is not secured by a lien on any property capable of release or sale or for
<br />which other property may be substituted.
<br />For the benefit of the holders and beneficial owners from time to time of the Notes,
<br />the City agrees, as the only obligated person with respect to the Notes under the Rule, that, unless
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