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is authorized and directed to sign and deliver the engagement letter, and, to the extent they are not <br />paid by the Original Purchaser in accordance with the Purchase Agreement, the Director of Finance is <br />authorized and directed to make appropriate certification as to the availability of funds for those fees <br />and any reimbursement and to issue an appropriate order for their timely payment as written <br />statements are submitted by that firm. <br />Section 12. Compliance with Open Meeting Requirements. This Council finds and <br />determines that all formal actions of this Council and of any of its committees concerning and relating <br />to the passage of this ordinance were taken, and that all deliberations of this Council and of any <br />committees that resulted in those formal actions were held, in meetings open to the public in <br />compliance with the law. <br />Section 13. Effective Date. This ordinance is declared to be an emergency measure <br />necessary for the immediate preservation of the public health, safety and welfare of the City, and for <br />the further reason that this ordinance is required to be immediately effective in order to issue and sell <br />the Bonds, which is necessary to enable the City to timely retire the Outstanding Note and thereby <br />preserve its credit; wherefore, this ordinance shall be in full force and effect immediately upon its <br />passage and approval by the Mayor. <br />Passed: V ~'~-~ ~ Jr , 2010 <br />Attest: <br />Clerk of Council <br />Approved: ~~, ~l¢ ~ ,-plU , 2010 <br />Ma r <br />o~~ ~~ <br />~~~~~;~ <br />r,li~l~~o <br />~~ ~~ <br />~ ~~~ ' ~n ~ <br />-13- <br />