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cJ <br /> Subject to the terms and conditions set forth in this Section 15, the Chief Financial <br /> Officer is hereby authorized to accept an Approved Bid, upon her approval of the final interest <br /> rates, maturity dates, aggregate principal amounts, principal maturities and redemption rights set <br /> forth therein in accordance with the authority granted by this section so long as the aggregate <br /> principal amount of the Bonds does not exceed $72,000,000 and the Savings Target is met. <br /> Following the sale of the Bonds,the Chief Financial Officer shall provide a report to the Council, <br /> describing the final terms of the Bonds approved pursuant to the authority delegated in this <br /> section. <br /> (b) Delivery of Bonds; Documentation. Upon the passage and approval of this <br /> ordinance, the proper officials of the City including the Chief Financial Officer, are authorized <br /> and directed to undertake all action necessary for the prompt execution and delivery of the Bonds <br /> to the successful bidder thereof and further to execute all closing certificates and documents <br /> required to effect the closing and delivery of the Bonds. In furtherance of the foregoing, the <br /> Chief Financial Officer is authorized to approve and enter into agreements for the payment of <br /> costs of issuance, including underwriter's discount, the fees and expenses specified in the Notice <br /> of Sale, including fees and expenses of underwriter and other retained services, including Bond <br /> Counsel, financial advisor, rating agencies, fiscal agency, escrow agent, verification agent, and <br /> other expenses customarily incurred in connection with issuance and sale of bonds. The <br /> disbursement of Bond proceeds to pay certain costs of issuance shall be made by the Escrow <br /> Agent under the terms set forth in the Cost of Issuance Agreement. <br /> (c) Preliminary and Final Official Statements. The Chief Financial Officer is hereby <br /> authorized to deem final the preliminary Official Statement relating to the Bonds for the <br /> purposes of the Rule. The Chief Financial Officer is further authorized to ratify and to approve <br /> for purposes of the Rule, on behalf of the City,the Official Statement relating to the issuance and <br /> • <br /> _52_ P:\202B7_CMVN20287_9RC 01/02/13 <br /> 59 <br />