Ordinance 3405-14 - Laserfiche WebLink

a Cost of Issuance Agreement, each substantially in the forms attached hereto as Exhibit A and Exhibit B, respectively. (c) Implementation of Refunding Plan. The City hereby calls the 2001 City Bonds for redemption on the Call Date in accordance with the provisions of the 2001 City Bond Ordinance. Pursuant to a resolution of its Board, the District has called the 2007 District Bonds for redemption on the Call Date in accordance with the provisions of the 2007 District Bond Resolution. Said defeasance and call for redemption of the Refunded Bonds shall be irrevocable after the final establishment of the escrow account and delivery of the Acquired Obligations to the Refunding Trustee. The Refunding Trustee is hereby authorized and directed to arrange for the giving of notices of the redemption of the Refunded Bonds in accordance with the applicable provisions of the 2001 City Bond Ordinance and the 2007 District Bond Resolution, respectively, and substantially in the form set forth in the Escrow Agreement. The Chief Financial Officer is authorized and requested to provide whatever assistance is necessary to accomplish such redemption and the giving of notices therefor. The costs of publication of such notices shall be an expense of the City. The Refunding Trustee is hereby authorized and directed to pay to the paying agent for the Refunded Bonds, sums sufficient to pay, when due, the payments specified in subsection (a) above. All such sums shall be paid from the money and Acquired Obligations deposited with said Refunding Trustee pursuant to this section, and the income therefrom and proceeds thereof The City will take such actions as are found necessary to ensure that all necessary and proper fees, compensation and expenses of the Refunding Trustee shall be paid when due. -95- P\20287 CMVN20287 AMT 10/14/14