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<br />".. <br /> <br />....~ <br /> <br />. <br /> <br />14. Continuing Disclosure. The City Manager and the Chief Financial Officer, or <br /> <br /> <br />either of them, are authorized and directed to enter into a Continuing Disclosure Agreement for <br /> <br /> <br />the benefit of the owners of the Bonds to assist the underwriter(s) for the Bonds in complying <br /> <br /> <br />with the provisions of Section (b)( 5) of Securities and Exchange Commission Rule 15c2-12. <br /> <br />15. Authorization of Bond Anticipation Notes. The City Manager, in consultation <br /> <br />with the Chief Financial Officer, without further approval of the City Council as to <br /> <br />documentation or otherwise, may execute, deliver and issue short-term notes of the City <br /> <br />("Notes") as provided in Section 15.2-2628 of the Code of Virginia of 1950, as amended, at <br /> <br />public or private sale in anticipation of the issuance of all or a portion of the General Obligation <br /> <br /> <br />Bonds; provided the principal amount of the Notes shall not exceed $48,230,000, the term to <br /> <br />maturity thereof shall not exceed five years and the true interest cost thereon shall not exceed six <br /> <br /> <br />. percent (6%). The Notes shall be issued and sold in such manner as may be determined by the <br /> <br /> <br />City Manager and the Chief Financial Officer and upon such other terms and conditions <br /> <br /> <br />contained in this Ordinance to the extent not inconsistent with this Section 15. Each Note issued <br /> <br />hereunder shall be accompanied by a certificate of the City Manager and the Chief Financial <br /> <br /> <br />Officer of the City in the form prescribed in Section 12-16 of the Code of the City. The <br /> <br /> <br />provisions of Section 2 hereof shall apply to the Notes to the extent the same are not paid from <br /> <br /> <br />the proceeds of the General Obligation Bonds or from any other available funds. <br /> <br />16. Further Actions. The City Manager, the Chief Financial Officer, and such other <br /> <br />officers and agents of the City as the City Manager or Chief Financial Officer may designate, are <br /> <br />authorized and directed to take further action as they deem necessary or appropriate regarding <br /> <br />the issuance, credit enhancement and sale of the Bonds or Notes and the refunding and <br /> <br />. <br /> <br />