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5.06. The officers of the City, bond counsel, other attorneys, engineers, and other agents or employees of the City are hereby authorized to do all acts and things required of them by or in connection with this resolution, the aforementioned documents, and the Notes for the full, punctual, and complete performance of all the terms, covenants, and agreements contained in the Notes, the aforementioned documents, and this resolution. In the event that for any reason the Mayor is unable to execute and deliver the documents referred to in this resolution or carry out any of the other acts provided herein, any persons delegated the duties of the Mayor shall be authorized to act in the capacity of the Mayor and undertake such execution and delivery or acts on behalf of the City with full force and effect, which execution and delivery or acts shall be valid and binding on the City. If for any reason the City Administrator is unable to execute and deliver the documents referred to in this resolution or carry out any of the other acts provided herein, any persons delegated the duties of the City Administrator shall be authorized to act in the capacity of the City Administrator and undertake such execution and delivery or acts on behalf of the City with full force and effect, which execution and delivery or acts shall be valid and binding on the City. 5.07. The City understands that the Borrower will pay directly any and all costs paid or incurred by the City in connection with the transactions authorized by this resolution, whether or not the Notes are issued. 5.08. The City acknowledges that pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended by Section 1502 of the American Recovery and Reinvestment Tax Act of 2009, the Borrower has designated the Notes as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code. 5.09. This resolution shall be in full force and effect from and after its passage. 5