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for purposes of the Rule, on behalf of the City, the Official Statement relating to the issuance and <br />sale of the Bonds and the distribution of the Official Statement pursuant thereto with such <br />changes, if any, as may be deemed by her to be appropriate. <br />Section 17. Disposition of Bond Proceeds. <br />(a) Reserve Account. The portion of the Bonds, if any, designated by the Chief <br />Financial Officer shall be deposited into the Reserve Account which shall be, together with the <br />balance therein, sufficient to meet the Reserve Requirement. In the alternative, the portion of <br />Bond proceeds, if any, designated by the Chief Financial Officer may be used to pay all or a <br />portion of the cost of purchasing the Surety Bond, if any, to satisfy the Reserve Requirement. <br />(b) 2015 Construction Account. The Chief Financial Officer is hereby requested to <br />establish a fund to be designated as the "2015 Bond Funds" (the "2015 Construction Account") <br />within Fund 339 — Water & Sewer System Improvement Projects, into which the balance of the <br />net proceeds of the Bonds shall be deposited. Money on hand in the 2015 Construction Account <br />shall be used to pay the costs of or reimbursement for the costs of the Projects and costs of <br />issuance of the Bonds. The Chief Financial Officer shall invest money in the 2015 Construction <br />Account in such obligations as may now or hereafter be permitted to the City by law and which <br />will mature prior to the date on which such money shall be needed. Any part of the proceeds of <br />the Bonds remaining in the 2015 Construction Account after all costs of the Projects have been <br />paid (including costs of issuance) shall be transferred to the Revenue Bond Fund for the uses and <br />purposes therein provided. <br />Section 18. Undertakingto Provide Ongoing Disclosure. The Chief Financial Officer <br />is hereby authorized to enter into a written undertaking for the benefit of the owners of the Bonds <br />as required by Section (b)(5) of the Rule (the "Continuing Disclosure Agreement") <br />-55- P.\20287 CMWM20287 B32 09/09/15 <br />