$11,000 Multifamily Housing Revenue Refunding Bonds The Pointe at St Joseph Project

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this Ordinance. The Bonds shall be limited obligations of the City and shall not constitute a general obligation of the City. (e) The Refunding Bonds are hereby authorized to be sold to the purchasers thereof at the price and upon the terms contained in the Refunding Bond Purchase Agreement. The New Money Bonds are hereby authorized to be sold to the original purchasers thereof in accordance with the New Money Bono Purchase Agreement at the prices to be determined between the Owner and the original purchasers, with the consent of the Mayor, which determination shall be deemed conclusively given by the Mayor' s execution of the New Money Bond Purchase Agreement. SECTION 3. Approval of Issuer Documents. The forms of the City Documents on file with the Clerk of the Council (the "Clerk" ) are hereby approved. The Trustee shall signify its acceptance of such documents by executing and delivering the Indenture and the Supplemental Indenture. Two copies of each City Document are on file in the office of the Clerk for public inspection. SECTION 4 . Execution and Delivery of Documents and Changes Therein. The Mayor, who is the chief executive officer of the Cites y (the "Mayor" ) , and the Clerk are hereby authorized to execute and deliver the City Documents in substantially the forms approved, with such changes and insertions in such documents as may be necessary or desirable, permitted by the Act and otherwise by law, and not materially adverse to the City, and consented to by the Mayor, which consent shall be deemed conclusively given upon execution of the applicable document. SECTION 5. Execution of Bonds. The Mayor and Clerk shall execute, seal and deliver the Bonds in substantially the form set forth as Exhibits to the Indenture or Supplemental Indenture. The signatures of the Mayor and Clerk on the Bonds may be by manual or facsimile signature. SECTION 6. Approval of Filings and Submissions with Other Governmental Agencies. The Mayor and the Clerk, members, staff and counsel for the City, or any of them, are authorized on behalf of the City to apply for such rulings, orders and approvals and file or submit such elections or other documents to any governmental agency, in order that the Bonds may be validly issued and sold so that the interest thereon shall be excludable from the calculation of gross income of the holders thereof for federal income tax purposes, and execute such powers of attorney as may be appropriate in connection with the foregoing. SECTION 7 . Authorization of Other Documents. The Mayor and the Clerk, members, staff and counsel for the City, or any of - 5 -