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are based, and other facts and circumstances relevant to the tax treatment or status of the Bonds and <br />interest thereon. <br />Each covenant made in this Section with respect to the Bonds is also made with <br />respect to all issues any portion of the debt service on which is paid from proceeds of the Bonds (and, <br />if different, the original issue and any refunding issues in a series of refundings), to the extent such <br />compliance is necessary to assure exclusion of interest on the Bonds from gross income for federal <br />income tax purposes, and the officers identified above are authorized to take actions with respect to <br />those issues as they are authorized in this Section to take with respect to the Bonds. <br />Section 12. Certification and Delivery of Ordinance and Certificate of Award. The <br />Clerk of Council is directed to deliver promptly a certified copy of this ordinance and a signed copy <br />of the Certificate of Award to the Cuyahoga County Auditor as soon as each is available. <br />Section 13. Satisfaction of Conditions for Bond Issuance. This Council determines <br />that all acts and conditions necessary to be 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 of North Olmsted have been performed and have been met, or will at the time of delivery of <br />the Bonds have been performed and have been met, in regular and due form as required by law; that <br />the full faith and credit and general property taxing power (as described in Section 10) of the City are <br />pledged far the timely payment of the debt charges on the Bonds; and that no statutory or <br />constitutional limitation of indebtedness or taxation will have been exceeded in the issuance of the <br />Bonds. <br />Section 14. Combliance with Open Meeting Requirements. This Council finds and <br />determines that all formal actions of this Council concerning and relating to the passage of this <br />ordinance were taken in an open meeting of this Council and that all deliberations of this Council and <br />of any committees that resulted in those formal actions were in meetings open to the public in <br />compliance with the law. <br />-17-