Minutes 04/14/1987 - Laserfiche WebLink

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April 14, 1987 (b) The City Manager and the ~ssi~tant City Manager for Administration and Finance of the City, or either of them, are hereby authorized.to execute, on behalf of the City, subscriptions for United States Treasury Obligations - Sta~e and Local Government Series, to be purchased by the Escrow Agent from moneys deposited in the 1987 Refunding Trust Pund created and established under the Escrow Deposit Agreement. Such United States Treasury Obligations - State and Local Government Series so purchased shall be held by the Escrow Agen~ under and in accordance with the provisions of the Escrow Deposit Agreement. (c)(i) If and to the extent the 1982 Refunded Public Utility Bonds are to be refunded and redeemed from the proceeds of the Bonds, the Cit F~ana er is here' h ' Y g Dy aut orlzed to designate the 1982 Refunded Public Utility Bonds for redemption on December 1-, 1992 in accordance with the provisions of the aforementioned resolutions authorizingi the issuance of the t982 Public Utility Bonds adopted by the! Council on November 9, 1982 and November 23, 1982 and ~o take all s~ch action~ ~as he shall deem to be necessary or desirable to effect the redemptinn of the }982 Refunded Public Utility Bonds on such date. (ii) ~ and to the' extent the 1985' Refunded Public Utility Bonds are to be re~nded and ~ redeemed from the proceeds of the Bonds, the City Manager is hereby authorized to designate t~e 1985 Refunded ~Public Utility Bonds for red~mptionion November 3¥ 1995 in accordance with ~he ?rovisious of the aforementioned resolutions authorizing the issuance of the ~$5 Phblic Utility Bonds adopted by the Council on O~t0ber 1~ 1985~and ~cteber 2~, 1985 and to take all such.actions as h~ sbali deem ~to 5e ~ecessary or des~r~bl~to~ff~ct~the redemption of 'the 19~5 Refunded Public Utility Eonds on suchdate_ 12. The action of the City Manager, the Assistant City Manage~ for Administration and F~nance and other officials., empleyees · negotiating, tk~ ssi proceed~ngsh~retofore Manager, Fiuance ai~dtl~e othe iss~a~c~ of the City in and the City for Administration and eats and 15.. The Assistant City' ~Manage~ for Admis£stration and Finance i~ directed to held' t~?igood .faith check submitted by the Underwriters a~he ~ime ok th~ execution of the B~n~ PurchaselAgreemen. t aaa tore~u~n S~ch good faith che~c to ~h? ~ohasers at ~he~ ~i~ ~f~ ~He delivery~ of and payment fb~!t~e. ~omd~or oth~w~s~ ~o~ ap~ly ~ch ~'ck in accordanc~,~ith ~he: ~mrms of the Bond'p~chase Agreement. 14. The City ~ is directed to file e copy of this reso] the City Clerk of the Cit~ to be a true '~ Clerk of the Circuit Court of the:City ia. ~. All ordinances, proceedings in conflict wi~h the previsions including, without limitation, any such the manner in w~ich the Bo 'eq~iring the ratificat!idn'by the Council the Bonds and the details thereof) are, to the extent of such conflict, hereby repealed. 16. This resolution shall take effect from the date of its adoption. Ayes: 'Barnes, Corprew, Gray, Lucas, Simpson, Webb, Holl¢ Nays: None