60-18 Bond Financing for the Community Center Project

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Trust Indenture. The proper officers of the City are hereby directed to sell the Bonds to the purchasers and to do whatever acts and things which may be necessary to carry out the provisions of this Ordinance. (g) In order to assist any underwriter of the Bonds in complying with paragraph (b)(5)of the SEC Rule by undertaking to make available appropriate disclosure about the City and the Bonds to participants in the municipal securities market,the City hereby covenants,agrees and undertakes, in accordance with the SEC Rule, unless excluded from the applicability of the SEC Rule or otherwise exempted from the provisions of paragraph (b)(5) of the SEC Rule, that it will comply with and carry out all of the provisions of the continuing disclosure contract. "Continuing Disclosure Contract" shall mean that certain continuing disclosure contract executed by the City and dated the date of issuance of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof The execution and delivery by the City of the continuing disclosure contract, and the performance by the City of its obligations thereunder by or through any employee or agent of the City, are hereby approved, and the City shall comply with and carry out the terms thereof (h) The Controller is hereby authorized and directed to obtain a legal opinion as to the validity of the Bonds from Barnes & Thornburg LLP, and to furnish such opinion to the purchasers of the Bonds or to cause a copy of said legal opinion to be printed on each Bond. The cost of such opinion shall be paid out of the proceeds of the Bonds. (i) In connection with the sale of the Bonds, the Executive and the Controller each are authorized to take such actions and to execute and deliver such agreements and instruments as they deem advisable to obtain a rating and/or to obtain bond insurance for the Bonds, and the taking of such actions and the execution and delivery of such agreements and instruments are hereby approved. SECTION X. Authorization of Execution of Documents. Each of the Mayor, the Clerk, the Controller, and any other officer of the City are authorized and directed to execute the Financing Documents, such other documents approved or authorized herein and any other document which may be necessary, appropriate or desirable to consummate the transaction contemplated by the Financing Documents and this Ordinance, and their execution is hereby confirmed on behalf of the City. The signatures of the Mayor, the Clerk, the Controller, and any other officer of the City on the Bonds which may be necessary or desirable to consummate the transaction, and their execution is hereby confirmed on behalf of the City. The signatures of the Mayor,the Clerk, the Controller, and anyother officer of the Cityon the Bonds maybe facsimile Y signatures. The Mayor,the Clerk,the Controller, and any other officer of the City are authorized to arrange for the delivery of such Bonds to the purchaser,payment for which will be made in the manner set forth in the Financing Documents. The Mayor, the Clerk, the Controller, and any other officer of the City may, by their execution of the Financing Documents requiring their signatures and imprinting of their facsimile signatures thereon, approve any and all such changes therein and also in those Financing Documents which do not require the signature of the Mayor, the Clerk,the Controller or any other officer of the City without further approval of this Common Council or the Economic Development Commission if such changes do not affect terms set forth in Sections 27(a)(1)through and including(a)(10) of the Act. 6