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and for the further reason that this ordinance is required to be effective immediately in order to issue <br />and sell the Bonds, which is necessary to enable the City to refund at a lower interest cost the <br />Refunded Bonds upon terms in the best interest of and advantageous to the City and thereby to <br />achieve interest savings available under current favorable market conditions; wherefore, this <br />ordinance shall be in full force and effect immediately upon its passage and approval by the Mayor. <br />,-~'1 <br />Passed: , 2006 <br />/ ~ <br />Attest: <br />' Clerk of ouncil <br />Approved: /~ "~ 1 ~~ , 2006 <br /> <br />i <br />~, <br />President of Councrl <br />~.fiNJQ~- <br />-19- <br />