Resolution No. 4719 - Laserfiche WebLink

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have been invested, the income from such investments and the application of such income; and (b) A report on bond payments describing amounts paid and amounts scheduled to be paid and the source of such payments. If the contents of the reports required by subsections (a) and (b) above are included in the EWEB's yearly audit report, EWEB may comply with this section by transmitting a copy of its yearly audit report to the City. Section 6. Appointment of Professionals. EWEB is authorized to appoint bond counsel, underwriters, financial advisors, a registrar and paying agent, an escrow agent and any other professional assistance that EWEB determines is necessary or convenient to accomplish the issuance and sale of the Series 2002B Bonds and the Series 2002C Bonds. Section 7. Official Statement. EWEB or any party designated by EWEB is authorized to prepare and distribute a preliminary official statement or other disclosure document for the Series 2002B Bonds and the Series 2002C Bonds, to obtain bond insurance or other credit enhancement, if required, and to obtain a rating of the bonds from Moody's Investors Service, Inc., Standard & Poor's and/or Fitch Ratings, ifrequired. Section 8. Series 2002C Bonds: Declaration of Intent to Reimburse. The City hereby declares its official intent to reimburse itself or EWEB, within the limits of the Code, with proceeds from the Series 2002C Bonds for expenditures incurred prior to the issuance of the Series 2002C Bonds. Section 9. adoption. Effective Date. This Resolution shall become effective immediately upon its The foregoing Resolution adopted by the City Council this 13th day of May, 2002. ,!f;&4--f k. ~ City Recorder 6