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Resolution – Page 4 of 4 <br /> <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 i ssuance compliance <br />p rocedures in effect from time to time. <br />Section 9. 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, which are necessary or desirable to effect the sale <br />of any or all of the Bonds. <br />Section 10. 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, <br />2020. <br />____________________________________________ <br />City Recorder <br />January 27, 2020, Meeting - Item 2D