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5.06. The of� cers of the City, bond counsel, other attorneys, engineers, and other agents or <br />en��lo��es of the City are hereby authorized to do all acts and things required of them by or in connection <br />with this resolution, the aforementioned documents, and tl�� Notes for thae full, punctual, and complete <br />p�erformance of all the terms, covenants, and agreements contained in the Notes, the aa.forementioned <br />documents, and this resolution. In the event that for any reason the Mayor is unable to execute and <br />deliver the doc�ments referred to in this resolution or carry out any of the other acts provided herein, any <br />persons delegated the duties of the Mayor shall be authorized to act in the capacity of the Mayor and <br />undertake such execution and delivery or acts on behalf of the City with full force and effect, which <br />e��ecutio� an�d delivery or acts shall be valid and bir�ding on the City. If for any reason the City <br />Adr�inistraior is unable to execute and deliver the documents referred to in this resolution or carry out <br />any af the other acts provided herein, any persons delegated the duties of the City Administrator shall be <br />authorized to act in the capacity of the City Administrator and undertak�e such execution and delivery or <br />acts on behalf of t�e City with full force and effect, which execution and delivery or acts shall be valid <br />and binding on the City. <br />5.07. The City understands that the Borrower will pay directly any and all �osts paid or <br />incurred by the City� in connection with the transactions authorized by this resolution, whether or not the <br />Notes are issued. <br />5.08. The City acknowledges that pursuant to Section 265(b)(3) of the Internal Revenue Code <br />of 1986, as amended by Section 1502 of the American Recove�-y and Reinvestment Tax Act of 2009, the <br />Borrower has designated the Notes as "qualified tax-exempt obligations" for purposes of <br />Section 265(b)(3) of the Code. <br />5.09. This resolution shall be in full force and effect from and after its passage. <br />5 <br />