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• <br /> 1 The Bonds will be printed at City expense and will be <br /> 2 delivered to the purchasers in accordance with the Purchase <br /> 3 Contract , with the approving legal opinion of Foster Pepper & <br /> 4 Shefelman, municipal bond counsel of Seattle, Washington, <br /> 5 regarding the Bonds printed on each Bond. Bond counsel shall <br /> 6 <br /> not be required to review and shall express no opinion <br /> 7 <br /> II concerning the completeness or accuracy of any official <br /> 8 H statement , offering circular or other sales material issued or <br /> 9 11 used in connection with the Bonds , and bond counsel ' s opinion <br /> 10 i shall so state. <br /> 11 The proper City officials are authorized and directed to do <br /> 12 everything necessary for the prompt delivery of the Bonds to the <br /> 13 1 purchasers , including without limitation the execution of the <br /> 14 Official Statement on behalf of the City, and for the proper <br /> 15 p application and use of the proceeds of the sale thereof . <br /> 16 Section 12 . The interest rate on the installments and <br /> 17 delinquent payments of the special assessments in Local <br /> 18 Improvement District No . 724 are revised and fixed at the rate <br /> i9 of 7 . 55% per annum. <br /> 20 <br /> 21 ATTEST•, MAYOR <br /> 22401100110 <br /> 23 CITY CLERK <br /> 24 PASSED: 9 A 0/90 <br /> 25 VALID: 9/a7 (90 <br /> PUBLISHED: /6 /3/90 <br /> MLC-1089` <br /> - 10 - <br />