Resolution - #83-093 - 06/06/1983

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Page 5 of 6 Resolution #83-93 13) Ail actions of the members, employees, and staff of the City Council heretofore taken in furtherance of the Project are hereby approved, ratified and confirmed. 14) The Mayor and City Administrator/City Clerk of the City, and other officers of the City are authorized and directed to prepare and furnish with regard to the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and such other affidavits and certificates (including but not limited to those required by the Bond Purchase.Agreement) as may be required to show the facts re- lating to hhe legality, tax exemption, and marketability of the Bonds as such facts appear from the books and records in said officers custody and control or as otherwise known to them; and all such certified copies, cer- tificates, and affidavits, including any heretofore furnished, shall con- stitute representations of the City as to the truth of all statements made by the City and contained therein. 15) The Trustee is hereby appointed authenticating agent with respect to the Bonds pursuant to Minnesota Statutes, Section 475.55, and paying agent with respect to the Bonds pursuant to Minnesota Statutes, Section 475.553. The Trustee is hereby directed to accept as additional security for the Bonds such other documents and instruments as shall be provided to it by the Developer or the issuer of the Letter of Credit re- ferred to in paragraph 4 above. If so required thereof the Trustee is hereby authorized to become a party to such documents and instruments and to take all necessary and appropriate actions thereto as required by a party to such documents and instruments. 16) The issuance of the Bonds and the transactions contemplated thereby are hereby found to be consistent with the procedures of the City established for such undertakings and, in the event of any inconsistencies, strict compliance with such procedures is hereby waived. 17) The City hereby authorizes the Mayor and City Administrator/ City Clerk to consent to the circulation of the Preliminary Official State- ment and the Official Statement to be prepared by the Underwriter in con- nection with the sale and delivery of the Bonds. 18) The City hereby ratifies the publication of notice of public hearing published in the Minneapolis Star & Tribune on May 24, 1983. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Van Wagner and upon vote being taken thereon, the following voted in favor thereof: Mayor Gamec, Councilmembers Van Wagner, Sorteberg, Schlueter and Reimann and the following members voted against the same: None