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<br />(c) Covenant for the benefit of the owners of the Obligations to comply with all <br />provisions of the Internal Revenue Code of 1986, as amended, which are required for the <br />interest component of loan payments payable under the Loan Agreements to be excluded <br />from gross income for federal income tax purposes. <br /> <br />(d) Deem final and authorize the distribution of a preliminary official statement <br />for each series of Obligations, authorize the preparation and distribution of a final official <br />statement or other disclosure document for each series of Obligations, and enter into <br />agreements to provide continuing disclosure for owners of each series of Obligations. <br /> <br />(e) Engage the services of escrow agents or trustees and any other professionals <br />whose services are desirable for the financing. <br /> <br />(f) Determine the final principal amount of each Loan Agreement, the interest <br />rate or rates which each series ofloan payments shall bear, the City's prepayment rights and <br />other terms of each Loan Agreement and each series of Obligations; <br /> <br />(g) Solicit competitive proposal for the purchase of each series of the Obligations <br />and award their sale to the proposer offering the most favorable terms to the City, or select <br />one or more underwriters, negotiate the terms of the sale of each series of Obligations, and <br />sell that series to those underwriters. <br /> <br />(h) Execute and deliver any other certificates or documents and take any other <br />actions which the City Official determines are desirable to finance the Project with the Loan <br />Agreements and the Obligations in accordance with this Resolution. <br /> <br />The foregoing Resolution adopted by the City Council on the 28th day of <br />February, 2000. <br /> <br />h- 9, /J'r <br /> <br />City Recorder <br />