THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

Annual hiformafion and notices ofthe events described above shall terminate ifand when the City
no longer remains such an obligated person
The Director of Finance is hereby authorized and directed to the extent necessary or
required to enter into any agreements in the name and on behalfof the City that the Director of
Finance determines to be necessary in connection with a book entry system for the Bonds after
approval of any such agreement bythe Director ofLaw
Section 10 Redemption of Outstanding Bonds This City Council finds and determines
that the redemption ofall or a portion ofthe Outstanding Bonds could result in substantial present
value savings to the City The Director ofFinance is authorized to determine in the Certificate of
Aware the amount and maturities of the Outstanding Bonds to be redeemed in order to maximize
present value savings to the City and the Director ofFinance is authorized to determine thedate for
the redemption ofthose Outstanding Bonds and the Director ofFinance is hereby directed to give
notice ofthat redemption
The Escrow Agreement in the form now on file with the Clerk is approved The Director of
Finance is authorized to sign and deliver in the name and on behalf of the City the Escrow
Agreement with any changes that are not inconsistent with this Ordinance are not materially
adverse tothe City and are approved by the Director of Finance That any such changes are not
materially adverse to the City and havebeen approved bythe Director ofFinance shall be evidenced
conclusively bythe signing ofthe Escrow Agreement by the Director ofFinance
Section 11 Certification and Deliverv ofOrdinance and Certificate ofAward The Director
of Finance is directed to deliver a certified copy ofthis Ordinance and the Certificate ofAward to
theCounty Fiscal Officer
Secfion 12 Notice ofPassage The ClerkofCouncil is directed to give public notice ofthe
passage ofthis Ordinance in accordance with Section 12 ofthe Charter ofthe City
Section 13 Satisfaction ofConditions for Bond Issuance This Council detemunes that all
acts and conditions necessary to be done or performed by the City orto have beenmet precedent to
and in the issuing oftheBonds in order tomake them legal valid and binding general obligations of
the City have been performed and have been met or will at the fime ofdelivery ofthe Bonds have
been performed and have been met in regular and due form as required by law that the full faith
and credit and general property taxing power as described in Section 7 ofthe City are pledged for
the timely payment of the debt charges on the Bonds and that no statutory or constitutional
limitation ofindebtednessor taxationwillhavebeen exceeded in the issuance ofthe Bonds
Section 14 Retention of Financial Advisor The services of MAS Financial Advisory
Services LLC as financial advisor are hereby retained The financial advisory services shall be
in the nature of financial advice and recommendations in connection with the issuance and sale
of the Bonds In rendering those financial advisory services as an independent contractor that
firm shall not exercise any administrative discretion on behalf ofthe City in the formulation of
public policy expenditure of public funds enforcement of laws rules and regulations of the
State the City or any other political subdivision or the execution of public trusts That firm
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