92-160 Ordinance - Laserfiche WebLink

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. . .. .. .... , -.., ...r.a.u.: .?. ' : JN,. w.xw»u....:......,,........... _ ......... . ... ... . . .. .:. . ... .. . . ... .:..... . . .. ... . . .. . . .. . 4...... .. .w.w...«......... .. ,. ,,.. ......., ,.. . . ..... - 5 - The Director of Finance is also hereby authorized and directed to the ext.ent necessary or required to enter into any agreements determined necessary in connection with the book entry system for the Notes, after determining that the signing thereof will not endanger the funds or securities of the City and after the approval of the form of any such agreement by the Director of Law. Section 8. The Notes are sold at private sale to National City Bank (the Original Purchaser) at 100% of par plus any accrued interest from the date of the Notes to the date of delivery to the Original Purchaser and shall be awarded by the Director of Finance with the interest rate set forth in the Certificate of Award, all in accordance with law, the provisions of this ordinance and the Note Purchase Agreement between the City and the Original Purchaser (the Note Purchase Agreement). The Director of Finance is authorized, if it is determined to be in the best interest of the City, to combine the issue of Notes with one or more other note issues of the City into a consolidated note issue pursuant to Section 133.20(B) of the Revised Code. The Mayor and the Director of Finance name of and on behalf of the City, the substantially the form as is now on file with Purchase Agreement is approved, together with are not inconsistent with this ordinance or t substantially adverse to the City and that ar Director of Finance on behalf of the City, all evidenced by the signing of the Note Purchase Note Purchase Agreement. stiall sign and deliver, in the Note Purchase Agreement in he Clerk of Council. The Note any changes or amendments that e Certificate of Award and not approved by the Mayor and the of which shall be conclusively Agreement or amendments to the The Director of Finance shall cause the Notes to be prepared, and have the Notes signed and delivered, together with a true transcript of proceedings with reference to the issuance of the Notes if requested by the Original Purchaser, to the Original Purchaser upon payment of the purchase price. The Mayor, the Director of Finance, the Clerk of Council and other City officials, as appropriate, are each authorized and directed to sign any transcript certificates, financial statements and other documents and instru- ments and to take such actions as are necessary or appropriate to consummate the transactions contemplated by this Ordinance. If it is determined by the Director of Finance to be in the best interest of the City to file an application for a municipal bond insurance policy to assure the payment of principal of and interest on the Notes with one or more nationally recognized bond insurance companies, the Director of Finance is authorized to prepare and submit those applicativns and to provide to such companies such information as may be required for i:he purpose. The Director of Finance shall provide for the payment of the cost of obtaining any such policy from the proceeds of the Notes to the extent available and then from other money lawfully available and appropriated or to be appropriated for that purpose. A disclosure document in the form of an official statement, including an annual information statement, is determined to be appropriate relating to the original issuance of the Notes. The Mayor and the Director of Finance are each authorized and directed, on behalf of the City and in their official capacities, to (i) prepare or cause to be prepared, and make or authorize