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60-18 Bond Financing for the Community Center Project
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60-18 Bond Financing for the Community Center Project
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11/7/2018 2:09:11 PM
Creation date
11/7/2018 2:08:28 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/12/2018
Bill Number
60-18
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which may arise out of or in connection with this Financing Agreement, the Indenture or the <br /> Project, which would cause the Series 20_ Bonds to be treated as "arbitrage bonds" within the <br /> meaning of Section 148 of the Code. In addition, the Public Library covenants and agrees to <br /> comply with the requirements of Section 148(f) of the Code as it may be applicable to the Series <br /> 20 Bonds or the proceeds derived from the sale of the Series 20_Bonds or any other moneys <br /> which may arise out of or in connection with this Financing Agreement, the Indenture or the <br /> Project throughout the term of the Series 20 Bonds. <br /> The Public Library shall provide the Issuer with, and the Issuer may base its certifications <br /> on, a certificate of an appropriate officer, employee or agent of or consultant to the Public <br /> Library for inclusion in the transcript of proceedings for the Series 20_Bonds, setting forth the <br /> reasonable expectations of the Public Library on the date of delivery of and payment for the <br /> Series 20_Bonds regarding the amount and use of the proceeds of the Series 20_ Bonds and <br /> the facts, estimates and circumstances on which those expectations are based. <br /> No provision of this Financing Agreement shall be construed to impose upon the Trustee <br /> any obligation or responsibility for compliance with arbitrage regulations.] <br /> (End of Article III) <br /> 8 <br />
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