2025-030 Ordinance - Laserfiche WebLink

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delivery by the City of the Notes. Those municipal advisory services shall be tendered to the City by MAS Financial Advisory Services, LLC in compliance with the Dodd -Funds Ad, the rules and regulations promulgated thereunder and in accordance with the form of agreement between the City and MAS Financial Advisory Services, LLC which form of agreement is currently on file with the Clerk of Council (the "Advisory Agreement"). The Mayor, the Director of Finance and/or the Director of Law are each hereby authorized to execute and deliver the agm exent between the City and MAS Financial Advisory Services, LLC, with such changes to the form of agreement currently on file with the Clerk of Council that are not materially adverse to the City with the execution by such City officials being conclusive evidence that my such changes are not materially adverse m the City. MAS Financial Advisory Services, LLC shall provide those municipal advisory services as an independent contractor in accordance with the Dodd -Frank Act and the rates and regulations promulgated thereunder. The Director of Finance shall provide for the payment of the services rendered and for reimbursement of expenses inure] pursuant to the Advisory Agreement from the proceeds of the Notes to the extent available and then fiam other moneys lawfully available and appropriated or to be appropriated for that purpose. Sectionl3. Cenificatimn and D hvery ofOrdinance and Certificate ofAwmd. The Clerk of Council is directed to deliver to the County Fiscal Officer (i) a certified copy of this Ordinance and (ii) a copy of the signed Certificate of Award, as soon as each is available. Section 14. Satisfaction of Conditions for Note laamace. This Council determines that all acts and washrooms necessary to be don or performed by the City or to have been met precedent to and in the issuml; of the Notes in order to make them legal, valid and binding general obligations of the City of North Olmsted have been performed and have been met, or will at the time of delivery of the Notes have been performed and have been met, in regular and due form as retread by law; that the fill faith and credit and general property laxng power (as described in Section 9) of the City are Fledged for the timely payment of the debt charges on the Nunes; and that no wommry or constitutional limitation of indebtedness or taxation will have been exceeded in the issuance of dre Notes. Section 15. Compliance with Oven Meeting Reeuiremems. This Council fads and deteraines that all formal ntons of this Council and of my of its committees concerning and rebating to the passage of this Ordinance weretaken, and that all deliberations of this Council and of any committees that resulted in those formal actions were held, in meetings open to the public in compliance with the law. Section 16. Cantions anal Headings. The captions and headings in this Ordinance are solely for convenience of reference and in no way define, limit or describe the scope or intent of my Saxons, subsections, paragraphs, subparagraphs or clauses hereof Reference to a Section meets a section of this Ordinance unless otherwise indicated. [7be Remainder of nis Page is Intentionally Lefr Blank]