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<br />1.3. Pledge all or any portion of the revenues of the facilities which are financed with the <br />Bonds to pay the Bonds, and grant mortgages on those facilities to secure the Bonds; <br /> <br />1.4. establish the final principal amount, maturity schedule, interest rates, redemption terms, <br />payment terms and dates, and other terms of the Bonds, and the terms under which the Bonds <br />are offered for sale; <br /> <br />1.5. appoint a paying agent for the Bonds, or have the City act as paying agent; <br /> <br />1.6. establish the terms under which the Bonds will be sold, and either: sell the Bonds by <br />competitive bid by publishing notices of sale, or summaries, for the Bonds and accepting the <br />most favorable bid; or, sell the Bonds at a negotiated sale by selecting one or more <br />underwriters, negotiating the terms under which the underwriters will purchase the Bonds, and <br />entering into a bond purchase agreement with the underwriters; <br /> <br />1.7. issue, sell and deliver the Bonds to their purchasers without further action by the City <br />Council; <br /> <br />1.8. enter into an agreement to provide continuing financial disclosure for the benefit of the <br />owners of the Bonds in accordance with the applicable rules of the United States Securities and <br />Exchange Commission; <br /> <br />1.9. apply for and purchase municipal bond insurance or other obtain other forms of credit <br />enhancement for the Bonds, enter into agreements with the providers of credit enhancement, <br />and execute and deliver related documents; and <br /> <br />1.10. prepare, execute and deliver any other documents and take any action, including the <br />appointment of a paying agent, which is reasonably required to issue, sell and deliver the <br />Bonds in accordance with this Resolution. <br /> <br />Section 2. Conditions. <br /> <br />The City Official shall not circulate disclosure documents for the Bonds or sell, issue, or deliver <br />the Bonds unless and until: <br /> <br />2.1 The developer of the Broadway and Charnelton parking garages has deposited with the <br />City not less than $300,000 in the form of cash; and, <br /> <br />2.2 The City has received construction bids indicating that City will be able to pay the costs of <br />the Broadway and Charnelton parking garages from the Bond proceeds and other amounts <br />available to the City. <br /> <br />Page 2 - Resolution <br /> <br />J:\HWR\CITIES\EUGENE\L TDT AX.96\L T AXRES.DOC <br />11/27/96 <br />