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THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

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shall be paidjust and reasonable compensafion for those financial advisory services and shall be<br />

reimbursed for the actual out ofpocket expenses it incurs in rendering those financial advisory<br />

services The Director ofFinance is authorized and directed to the extent they are not paid by<br />

the Original Purchaser in accordance with the Bond Purchase Agreement to make appropriate<br />

certification as to the availability offunds for those fees and any reimbursement and to issue an<br />

appropriate order for their timelypayment as written statements are submitted by thatfirm<br />

Section 15 Compliance with Open Meeting Requirements This Council fmds and<br />

determines that all formal actions ofthis Council concerning and relating to the passage ofthis<br />

Ordinance and that all deliberations ofthis Council and anyofits committees that resulted in those<br />

forrnal actions were in meetings open to thepublic all in compliance withthe law<br />

Section 16 Emergency This Ordinance is hereby declared to be an emergency measure<br />

necessary for the immediate preservation ofthe public peace property health safety and welfare<br />

in the City and forthe further reason that the Bonds must be sold promptly in order to refund the<br />

Outstanding Bonds and maximize interest costs sa wings in a fluctuating bond market and<br />

provided it receives the affirmative vote ofat least five of its members elected to Council this<br />

Ordinance shall take effect and be in force immediately upon its passage by the Council and<br />

approval by the Mayor<br />

Passed <strong>2010</strong><br />

Approved<br />

<strong>2010</strong><br />

U<br />

17<br />

President ofCouncil<br />

Clerkof Council<br />

Mayor

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