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of funds for those fees and any reimbursement and to issue an appropriate order for their timely <br />payment as written statements are submitted by that firm. <br />Section 12. Retention of Municipal Advisory Services. The municipal advisory <br />services of MAS Financial Advisory Services, as municipal advisor in connection with the issuance <br />of the Bonds, are retained pursuant to an engagement letter which has been delivered to the City by <br />that firm. In rendering those municipal advisory services, as an independent contractor, that firm <br />shall not exercise any administrative discretion on behalf of the City in the formulation of public <br />policy, expenditure of public funds, enforcement of laws, rules and regulations of the State, the City <br />or any other political subdivision, or the execution of public trusts. For those municipal advisory <br />services that firm shall be paid just and reasonable compensation and shall be reimbursed for actual <br />out-of-pocket expenses incurred in providing those services. That engagement letter, and the <br />execution thereof by the Mayor, is hereby authorized, ratified and approved, and the Director of <br />Finance is authorized and directed to make appropriate certification as to the availability of funds <br />for those fees and any reimbursement and to issue an appropriate order for their timely payment as <br />written statements are submitted by that firm. <br />Section 13. 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 City Charter and applicable law. <br />Section 14. 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 Note at its maturity and thereby preserve its credit; <br />wherefore, this ordinance shall be in full force and effect immediately upon its passage and approval <br />by the Mayor. <br />Passed: �Y(�cm �Z , 20?4 <br />Attest:t�o�" <br />Clerk of Council <br />Approved: z- Z3 , 2 M <br />�l <br />Mayor <br />-17- <br />President of Co ci <br />