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Section 17. 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 take advantage of current favorable market conditions and refund the Refunded <br />Bonds to achieve debt service savings; wherefore, this ordinance shall be in full force and effect <br />immediately upon its passage and approval by the Mayor. <br />Passed: —3_,2016 <br />Attest: <br />Clerk of Council <br />Approved: I 1 ', 2016 <br />Mayor <br />-17- <br />