Authorizing Issuance of Revenue Bonds concerning construction of Improvements to Waterworks, not to exceed $2,050,000

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and to approve any changes in form or substance to the Financial Assistance Agreement, such approval to be conclusively evidenced by its execution. (b) The 1999 Bonds, when fully paid for and delivered to the purchaser shall be the binding special revenue obligations of the City, payable out of the Net Revenues. The proper officers of the City are hereby directed to sell the 1999 Bonds to the purchaser, to draw all proper and necessary warrants, and to do whatever acts and things which may be necessary to carry out the provisions of this Ordinance. After the 1999 Bonds have been properly sold and executed, except to the extent otherwise required by I.C. §36-4-6-19(f), the Fiscal Officer shall receive from the purchasers payment for the 1999 Bonds and shall provide for delivery of the 1999 Bonds to the purchasers. The City may receive payment for the 1999 Bonds in installments. (c) The Executive and the Fiscal Officer each are hereby authorized to deem final an official statement with respect to the 1999 Bonds, as of its date, in accordance with the provisions of Rule 15c2-12 of the U.S. Securities and Exchange Commission, as amended (the "SEC Rule"), subject to completion as permitted by the SEC Rule, and the City further authorizes the distribution of the deemed final official statement, and the execution, delivery and distribution of such document as further modified and amended with the approval of the Executive or the Fiscal Officer in the form of a final official statement. In order to assist any underwriter of the 1999 Bonds in complying with paragraph (b)(5) of the SEC Rule by undertaking to make available appropriate disclosure about the City and the 1999 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 1999 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. (d) The Fiscal Officer is hereby authorized and directed to obtain a legal opinion as to the validity of the 1999 Bonds from Barnes & Thornburg, and to furnish such opinion to the purchasers of the 1999 Bonds or to cause a copy of said legal opinion to be printed on each 1997 Bond. The cost of such opinion shall be paid out of the proceeds of the 1999 Bonds. (e) In connection with the sale of the 1999 Bonds, the Executive and the Fiscal Officer 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 1999 Bonds, and the taking of such actions and the execution and delivery of such agreements and instruments are hereby approved. -17-