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(c) the reasonably anticipated amount of tax-exempt obligations (other tha.n private <br /> activity bonds, treating qualified 501(c)(3) bonds as not being private activity <br /> bonds) which will be issued by the City (and a11 subordinate entities of the City) <br /> during calendar year 2011 will not exceed $10,000,000; and <br /> (d) not more than $10,000,000 of obligations issued by the City during calendar year <br /> 2011 have been designated for purposes of Section 265(b)(3) of the Code. <br /> 18.05. The City will use its best efforts to comply with any federal procedural <br /> requirements which may apply in order to effectuate the designations made by this section. <br /> Section 19. Severabilitv. If any provision of this Resolution sha11 be held or deemed <br /> to be or shall, in fact, be inoperative or unenforceable as applied in any particular case in any <br /> jurisdiction or jurisdictions or in all jurisdictions or in all cases because it conflicts with any <br /> provisions of any constitution or statute or rule or public policy, or for any other reason, such <br /> circumstances sha11 not have the eff�t �of rendering the provision in question inoperative or <br /> unenforceable in any other case or circumstance, or of rendering any other provision or <br /> provisions herein contained invalid, inoperative or unenforceable to any extent whatever. The <br /> invalidity of any one or more phrases, sentences, clauses or paragraphs in this Resolution <br /> contained shall not affect the remaining portions of this Resolution or any part ther�f. <br /> Section 20. Headings. Headings in this Resolution aze included for convenience of <br /> reference only and are not a part hereof, a.nd shall not limit or define the meaning of any ! <br /> provisions hereof. <br /> The motion for the adoption of the foregoing resolution was duly seconded by council � <br /> member Love and, after a full discussion thereof and upon a vote being taken thereon, the <br /> following voted in favor thereof: Fehrenbacher, King, Love, Paar <br /> and the following voted against the same: None <br /> Whereupon said resolution was declared duly passed and adopted. <br /> 18 <br />