Resolution No. 5026 - Laserfiche WebLink

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(a) A report on the funds for each series of Bonds describing the funds established, the amounts in each fund, expenditure from each fund, the manner in which the monies in each fund have been invested, the income from such investments and the application of such income; and J (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 yearly audit report of EWEB, then EWEB may comply with this Section 7 by transmitting a copy of its yearly audit report to the City. Section 9. Appointment of Professionals EWEB is authorized to appoint bond counsel, disclosure counsel, financial advisor, a registrar and paying agent and any other professional assistance that EWEB determines is necessary or conveni W ent to accomplish the issuance and sale of any or all of the Bonds. Section 10. Official Statement• Sale Documents. EWEB or any party designated by EWEB is authorized to prepare and distribute or direct the preparation and distribution of one or more preliminary official statement(s) or other disclosure document(s) for any of the Bonds or in connection with a preliminary official statement or other disclosure document for any other bonds, as determined to be necessary by EWEB, to obtain bond insurance or other credit enhancement or commitments therefor, if required, to obtain a rating on any or all of the Bonds from Moody's Investors Service, Inc., Standard & Poor's and/or Fitch Ratings, if required, and to issue and publish such -notices of sale of the Bonds as may be necessary or required to accomplish the sale of the Bonds in accordance with this Resolution and to select trustees, registrars, paying agents, financial advisor, bond counsel, disclosure counsel and any other professional assistance that may be necessary or convenient to accomplish the issuance and sale of any or all of -the Bonds; and to determine any other terms, conditions or covenants regarding any or all of the Bonds or the New Money Project, which are necessary or desirable to effect the sale of any or all of the Bonds. , Section 11. Effective Date of Resolution This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted by the City Council this 14'' day of March 2011. R -5-