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trustees, registrars, paying agents, escrow agents, verification agents and any other professional <br />assistance that EWEB determines is necessary or convenient to accomplish the issuance and <br />sale of any or all of the Bonds, and such appointments are hereby ratified. <br />Section 9. Official Statement and Disclosure Obligations. EWEB or any party <br />designated by EWEB is authorized to prepare and distribute or direct the preparation and <br />distribution of one or more preliminary or final official statement(s) or other disclosure <br />document(s) for any of the Bonds, and to enter into continuing disclosure agreements for the <br />Bonds in accordance with Rule 15c2-12 of the United States Securities and Exchange <br />Commission. The City shall have no disclosure obligation related to the Bonds or any continuing <br />disclosure agreement for the Bonds. Any similar agreement for any other borrowing by EWEB <br />shall obligate only EWEB and not the City, and the City shall have no obligation to comply <br />with any of those agreements, or to report EWEB's compliance with those agreements to the <br />MSRB or any other party. In addition to complying with continuing disclosure agreements <br />related to any borrowings by EWEB, EWEB shall comply with its post issuance compliance <br />procedures in effect from time to time. <br />Section 10. Other Sale Documents. EWEB or any party designated by EWEB is <br />also authorized to obtain bond insurance or other credit enhancement or commitments therefor, <br />to obtain a rating on any or all of the Bonds from Moody's Investors Service, Inc., Standard & <br />Poor's and/or Fitch Ratings, and to issue and publish such notices of sale of the Bonds and <br />execute such purchase contracts as may be necessary or required to accomplish the sale of the <br />Bonds in accordance with this Resolution and to determine any other terms, conditions or <br />covenants regarding any or all of the Bonds or the Project, which are necessary or desirable to <br />effect the sale of any or all of the Bonds. <br />Section 11. Effective Date of Resolution. This Resolution shall become effective <br />immediately upon its adoption. <br />The foregoing Resolution adopted by the City Council this 27th day of January, 2020. <br />City Recorder — fleP�nac�/ <br />Resolution -- Page 5 of 6 <br />