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proper information for payment of the credit to the proper person; <br />and <br />(iv) alternatively, hiring a third party (the "Filing Agent") who shall be <br />responsible for the matters in this Section 5 and any other <br />responsibilities set forth in a filing agent agreement between the City <br />and the Filing Agent. <br />(b) In addition to the records retained pursuant to Section 3, the records to be <br />obtained and maintained with respect to direct pay bonds are to include: <br />(i) <br />information, records, and calculations showing that Forms 8038-CP <br />were properly prepared and timely filed, as described in (a) above; <br />(ii) all contracts that are subject to the federal Davis -Bacon prevailing <br />wage rules; and <br />(iii) with respect to Qualified Energy Conservation Bonds, such <br />documents, test results, audits, and reports obtained by the City that <br />demonstrate that the final project has achieved a reduction in energy <br />consumption in publicly -owned buildings by at least 20%. <br />(c) The Finance Director shall ensure that all contracts let for projects financed <br />with direct pay bonds shall comply with the federal Davis -Bacon prevailing <br />wage rules. <br />6. Taxable Governmental Bonds. <br />8 <br />4553512v1 <br />