Item 3D: Resolution Authorizing EWEB Refunding Bonds

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professional assistance that EWEB determines is necessary or convenient to accomplish the issuance and sale of any or all of the Bonds. Section 8. Official Statement; Sale Documents. EWEB or any party designated by EWEB is authorized to prepare and distribute or direct the preparation and distribution of one or more preliminary official statement(s) or other disclosure document(s) for any of the Bonds or in connection with a preliminary official statement or other disclosure document for any other bonds, as determined to be necessary by EWEB, to obtain bond insurance or other credit enhancement or commitments therefor, if required, to obtain a rating on any or all of the Bonds from Moody’s Investors Service, Inc., Standard & Poor’s and/or Fitch Ratings, if required, and to issue and publish such notices of sale of the Bonds as may be necessary or required to accomplish the sale of the Bonds in accordance with this Resolution. Section 9. Election to Issue Bonds under URBA. Pursuant to Oregon Administrative Rule 170-061-0200 which implements the provisions of Chapter 783 Oregon Laws 2007, EWEB, on behalf of the City, may elect in writing to issue the Bonds under the URBA provisions, without regard to the provisions of Chapter 783 Oregon Laws 2007, upon satisfaction of the requirements set forth in such Oregon Administrative Rule. If the Bonds are issued under the URBA provisions, all references to the provisions of Chapter 783 Oregon Laws 2007 contained herein shall be deemed to refer to such applicable statutes of similar purpose contained in URBA. Section 10. Effective Date of Resolution. This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted by the City Council this ___ day of April, 2008. City Recorder 4 10862109.5