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2012_1022_packet
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earnings to the United States. The City expects to satisfy the twenty four month expenditure <br />exemption for gross proceeds of the Bonds as provided in Section 1.148-7(e)(1) of the <br />Regulations. The Mayor and/or Finance Director are hereby authorized and directed to make <br />such elections as to arbitrage and rebate matters relating to the Bonds as they deem necessary, <br />appropriate or desirable in connection with the Bonds, and all such elections shall be, and shall <br />be deemed and treated as, elections of the City. <br />The City shall use its best efforts to comply with any federal procedural requirements which may <br />apply in order to effectuate the designation made by this paragraph. <br />25. Official Statement. The Of�cial Statement relating to the Bonds prepared and <br />distributed by Springsted is hereby approved and the officers of the City are authorized in <br />connection wi�h the delivery of the Bonds to sign such certificates as may be necessary with <br />respect to the completeness and accuracy of the Official Statement. <br />26. Severabilitv. If any section, paragraph or provision of this resolution shall be held <br />to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, <br />paragraph or provision shall not affect any of the remaining provisions of this resolution. <br />27. Headin�s. Headings in this resolution are included for convenience of reference <br />only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />and, after a full discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereo£ <br />and the following voted against the saine: <br />whereupon the resolution was declared duly passed and adopted. <br />19 <br />4990921v1 <br />
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