2025-032 Ordinance - Laserfiche WebLink

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entry relationship with another qualified Depository. If the Director of Finance does not or is unable to do an, the Director of Finance, after making provision for twtificaton of the book entry interest owners by the down Depository and any other arrangements deemed necessary, shall permit wNdnwd of the Notes Goan the Depository, and shall cause the Notes in bearer or payablef to be signed by the officers antho sized to sign the Notes and delivered to the assigns of the Depository or its nomince, all at the cost and expense (including any costs of printing), if the event is not the result of City action or insdon, of those persons requesting such issuanee. The Director of Finance is also hereby authorized and directed, to the extent rmosmy or required, to enter into any agreements deermi ad necessary in connection with the book entry systmr for the Notes, after dereraining Nat the signing thereof will not eManger the funds or securities of the City. Section 6. Award ad We of the Notes. (a) To the Original Purchaser. The Notes shall be sold by the Director of Finance a private We at a purchase price not less than par, as determined in the Certificate of Award, and in accordance with law erd the provisions of this Ordinance. The Director of Finance shall sign the Certificate of Award refined to N Section 3 specifying the aggregate prirwipal amount of the Notes to be issued, the interest We the Notes shall bear, the Ghtel purchase price of the Notes aM certain other final terms of the Notes ed evidencing that We, cause tlw Notes to be prepared, east have the Notes signed ad delivered, together with a toe transcript of proceedings with ref ace to to issuance of the Notes if requested by the Original Purchaser, to the Original Purchaser upon payment of the purchase price. The Mayor, the Director of Finance, the Director of Law, the Clerk of Council and other City officials, as appropriate, are each authorized and directed to sign any transcript certificates, financial statements and other documents and irtstrummu and to take such actions as are necessary or appropriate to consummate the transactions contemplated by this Ordinance. The Director of Finance is authorized, if it is deremdned to be N the beor interest of the City, to combine the issue of Notes with one or mom other wvoted general obligation bond anticipation now issues of the City into a consoGdmed note issue pursuant to Section 133.30(B) of the Revised Code. (b) Note Purchase Amcenem. If the Director of Finance and the Original Purchaser determine to use a Note Purchase Agreement, then the Mayor and the Director of Finance shell sign and deliver, in the name and on behalf of the City, the Note Purchase Agreement between fie City and the Origin ed Purchaser (the Note Purchase Agreamenp, which Note Aaohase Agreement shall he in substantially the firm that has previously been used by the City for the We of its bond anticipation notes, providing for the sale to, and the purchase by, the Ihigutd Purchaser of to Notes. The Now Purchase Agreement is approved, together with any changes or amendments that are not inconsistent with this Ordinance and not substantially adverse to rive City and that are approved by the Director of Fimnce on behalf of the City, all of which shall he conclusively evidenced by the signing of the Note Purchase Agreement or amendments thereto. (c) Aooliesfion for Rathhgr Finmhhng Costs. The Director of Finance is authorbd to request a refing four the Notes Gam a= nationally -recognized rating agencies in connection with the We and issuance of the Notes. The a rx itare of the amotmta necessary to secure those Wmg(s) and to pay the other fmvrcing costs (as defined in Section 133,01 of the -4-