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to the extent they are not paid by the Original Purchaser in accordance with the Purchase <br />Agreement, the Director of Finance is authorized and directed to make appropriate certification as to <br />the availability of funds for those fees and any reimbursement and to issue an appropriate order for <br />their timely payment as written 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 <br />relating to the passage of this ordinance were taken, and that all deliberations of this Council and of <br />any of its committees that resulted in those formal actions were held, in meetings open to the public <br />in 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 this City and for <br />the further reason that this ordinance is required to be immediately effective, which is necessary to <br />enable the City to timely retire the Outstanding Notes at their maturity and thereby preserve its <br />credit; wherefore, this ordinance shall be in full force and effect immediately upon its passage and <br />approval by the Mayor. <br />Passed: IV�r✓ r� , 2016 <br />Attest: <br />Clerk of Council <br />Approved: 11-3 , 2016 <br />-17- <br />President of Co it <br />