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(a) In addition to the other requirements herein, should the City issue direct pay <br />bonds pursuant to Sections 54A through 54F of the Code, the Finance <br />Director shall also be responsible for: <br />(i) <br />determining the amount of interest payable on each interest payment <br />date and the proper amount of refundable credit reported on Form <br />803 8-CP; <br />(A) as appropriate, the Finance Director shall compare the <br />interest payment calculations to any independently -verified <br />report prepared at closing for the bond issue; and <br />(B) the Finance Director shall approve all disbursements. <br />(ii) preparing and timely filing all Forms 8038-CP; <br />(A) timely filing of Form 8038-CP shall be made to insure that <br />payments are timely made on the interest payment date and <br />such timely filing is ensured by the use of a third -party ding <br />agent; and <br />(B) in the case of bond issues with multiple maturities, a separate <br />Form 8038-CP shall be filed for each maturity; <br />(iii) ensuring all credit payments shall be requested to be made by wire. <br />The Finance Director is familiar with the wire payment procedures <br />for the City and will ensure that the Form 8038-CP includes the <br />7 <br />4553512v1 <br />