Authorizing the Issuance of $985,000.00 Economic Development Revenue Bonds Center City Housing Project

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construct the Project and the payment by the User of an amount sufficient to pay the principal of and premium, if any, and interest on the Bonds, the Mayor and Clerk shall execute, acknowledge and deliver in the name and on behalf of the City a Financing Agreement herein identified as and called the "Agreement ", in the final form submitted to this Common Council, which is hereby approved in all respects; and the Clerk is hereby directed to insert a copy thereof, in the form submitted to this meeting and approved hereby, in the minutes of this Common Council and to certify thereon that the same is the form of Agreement submitted to this Common Council and approved by the Bond Ordinance and identified herein as the "Agreement" and to keep such Agreement on file. Said Agreement contains provisions authorized and permitted by the Act. Section 10. General: The Mayor and Clerk be, and they each hereby are, authorized and directed, in the name of and on behalf of the City to execute any and all instruments, perform any and all acts, approve any and all matters, and do any and all things deemed by them, or any of them, to be necessary or desirable in order to carry out the purposes of this Bond Ordinance (including the preambles hereto), the acquisition and construction of the Project by the User, the issuance and sale of the Bonds, and the securing of the Bonds under the Indenture. Section 11. Two copies of each of the above described Financing Agreement and Indenture of Trust are on file in the office of the City Clerk for Public Inspection. Section 12. Effective Date: This Bond Ordinance shall be in full force and effect from and after its passage and approval as provided by law.