Ord 2012-014 - Laserfiche WebLink

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(e) Bank Qualified. The Pricing Officer is authorized to design the Bonds as bank qualified obligations if the City qualifies to make such a designation at me of pricing the Bonds. Section 13. APPROVAL OF OFFERING DOCUMENTS, PAYING . The Pricing Officer AGENT/REGISTRAR AGREEMENT AND ESCROW AGREEMENT is hereby authorized to approve the Preliminary Official Statement, the Official Statement relating to the Bonds and any addenda, supplement or amendment thereto and to deem such documents final in accordance with Rul 15c2-12. The City further approves the distbution of such Official Statement in the reoffering of the Bonds by the underwriters in final formith such changes therein or additions thereto as the Pricing Officer executing the same may deem advis, such determination to be conclusively evidenced by his execution thereof. The Paying Agent/Registrar Agreement by and between the City and the Paying Agent/Registrar ("Paying Agent Agreement") in substantially the form and substance previously approved by the City Council and the Pricing Officer is hereby authorized and directed to complete, amend, modify and execute the Paying Agent Agreement as necessary. The discharge and defeasance of Refunded Obligations shall be efctuated pursuant to the terms and provisions of an Escrow Agreement, in the form and con terms and provisions as shall be approved by a Pricing Officer, including any insertidditions, deletions, and modifications as may be necessary (a) to carry out the program digned for the City by the underwriters or purchaser, (b) to maximize the City's present value savings and/or to minimize the City's costs of refunding, (c) to comply with all applicable law and regulations relating to the refunding of the Refunded Obligations and (d) to carry out the oer intents and purposes of this Ordinance; and, the Pricing Officer is hereby authorized to execute and deliver such Escrow Agreement, on behalf of the City, in multiple counterparts. To maximize the City's present value savings and to minimize the City's costs of refunding, the City hereby authorizes and directs that certain of the Refunded Obligations shall be called for redemption prior to maturity in the amounts, at the dates and atedemption prices set forth in the Pricing Certificate, and the Pricing Officer is hereby authorized and directed to take all necessary and appropriate action to give or cause to be given a notice of reden to the holders or paying agent/registrars, as appropriate, of such Refunded Obligations, in the manner required by the documents authorizing the issuance of such Refunded Obligations. The Pricing Officer and the Escrow Agent are each hereby authorized (a) to subscribe for, agree to purchase, and purchase Defeasance Securities that are prmitted investments for a defeasance escrow established to defease Refunded Obligations, and to execute any and all subscriptions, purchase agreements, commitments, letters of authorization and other documents necessary to effectuate the foregoing, and any actions heretofore taken for such purpose are hereby ratified and approved, and (b) to authorize such contributions to the escrow fund as are provided in the Escrow Agreement. 24 San Marcos GORB 2012 - Delegated: Ordinance