2025-031 Ordinance - Laserfiche WebLink

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of funds bar those fees and any reimbursement and to issue an appropriate order for then timely payment as written armaments are submitted by then firm. Section 12. Retention of Municipal Advisor. The City retains MAS Financial Advisory Services, LLC to provide financial advisory services as the City's `municipal advisor" as that term is defined in Section 975 of Title IX of the Dodd -Frank Wall Strea Reform and Consumer Protection Act ("Dodd -Frank Act') calming to the authorization, structuring, sale, issuance and delivery by the City of the Notes. Those municipal advisory services shall be rendered no the City by MAS Financial Advisory Services, LLC in compliance with the Dodd -Frank Act, 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 we each hereby authorized to execute and deliver the agreement between the City and MAS Financial Advisory Smices, LLC, with such changes to the form of agreement currently on file with the Clark of Council that are not materially adverse to the City with the execution by such City officials being conclusive evidence that any such changes are not materially adverse to 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 rules and regulations promulgated thereunder. The Director of Finance shell provide for the payment of the services rendered and for reimbursement of expenses incurred pursuant to the Advisory Agreement from the proceeds of the Notes to the extent available and then from other moneys lawfully available and appropriated or no be appropriated for that purpose. Section 13. Certification and Delivery of Ordinance and Certificate, of Award. The Clerk of Council is directed to deliver to the County Fiscal Office (i) a cenified copy of this Ordinance and (H) a copy of the signed Certificate of Award, at soon as each is available. Section 14. Satisfaction of Com lions for Note Issuance. This Council determines that all acts and conditions moessay to be done or performed by the City or to have been met precedent to and in the issuing of the Notes in order f make them legal, vdid and binding general obligations of the City of North Olmsted have been performed and have bean meq or will at the me of delivery of the Notes have Bern performed and have been met, in regular ad due to= as ralumed by law; that the full faith ad credit and general property taxing poem (as described N Section 9) of the City are pledged fr the timely payment of the debt charges on the Notes; and that no slannory or cousfitudotml Huntsmen of indebumoss or notation will have been exceeded in the issuance of the Notes. Section 15. Compliance with Coen Meeting Reauiremrnts. This Council finds and deerandws that ill formd anions of this Council and of my of its com entr es concerning and relating to the passage of this Ordinance were taken, sod that all deliberetims of this Council and of any committees that resulted in fore formal serious were held, in meetings open to the public in compliance with the law. Section 16. Cautious and Headings. The captions and headings in this Ordirence are solely for convenience of reference and in no way define, limit or describe the scope or intent of