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(b) The Council hereby designates the Refunded 1992 Public Utility Bonds for redemption on August 1, 2001 in accordance with the provisions of the aforementioned resolution authorizing the issuance of the 1992 Public Utility Bonds adopted by the Council on January I4, 1992 and January 28, 1992 and authorizes the City Manager and the Deputy City Manager for Finance to take all such actions as they shall deem to be necessary or desirable to effect the redemption of the Refunded 1992 Public Utility Bonds on such date. (c) The Council hereby authorizes the City Manager and the Deputy City Manager for Finance to take all such actions as they shall deem to be necessary or desirable to refund the Existing VRS Obligation. SECTION 15. Form of Bonds. The Series 1997A Bonds, the Series 1997B Bonds and the Series 1997C Bonds, the certificate of authentication of the Registrar, and the assignment endorsed on such Bonds shall be in substantially the forms set forth in Exhibit A, Exhibit B and Exhibit C, respectively, with such changes in format as may be appropriate to conform with customs and practices applicable to comparable securities. SECTION 16. Ratification of Actions. The actions of the City Manager, the Deputy City Manager for Finance and other officials, employees, agents and attorneys of the City in negotiating the sale of the Bonds, and all actions and proceedings heretofore taken by the Council, the City Manager, the Deputy City Manager for Finance and other officials, employees, agents and attorneys of the City in connection with the authorization, issuance and sale of the Bonds (including the preparation and distribution of the Preliminary Official Statement relating to the Bonds) are hereby ratified, confirmed and approved. SECTION 17. Authorization of Issuance of Notes. In anticipation of the issuance of the Public Improvement Bonds authorized under Section 2(a) and the receipt of the proceeds thereof, there are hereby authorized to be issued and sold Twenty-Two Million Forty-Five Thousand Dollars ($22,045,000) aggregate principal amount of general obligation public improvement bond anticipation notes of the City (the "Notes"). The proceeds of the Notes shall be applied to the same purposes as are specified in Section 7 with respect to the application of the proceeds of the Public Improvement Bonds. The Notes may be issued in their entirety at one time, or in part from time to time, at any time; shall mature and be payable within five years from their date; and shall be sold at competitive or negotiated sale at not less than par plus interest accrued