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between the City, the Developer, and the Underwriter (the "Bond Purchase <br />• Agreement"), and the Arbitrage and Premium Guaranty Agreement dated as of <br />December 1, 1985, between the Developer, the City and the Trustee (the "Guaranty <br />Agreement"), are hereby approved, including the provisions relating to the <br />indemnification of the City. The Mayor and the Clerk-Administrator of the City <br />are hereby authorized and directed to execute and deliver the Loan Agreement, the <br />Indenture, the Servicing Agreement, the Bond Purchase Agreement and the <br />Guaranty Agreement, substantially in the forms now on file with the City, with <br />such necessary and appropriate omissions, modifications, insertions, and additions <br />as are not materially inconsistent with the form on file with the City, consistent <br />with the Act, as the Clerk-Administrator in his discretion shall determine. The <br />execution of the Loan Agreement, the Indenture, the Servicing Agreement, the <br />Bond Purchase Agreement and the Guaranty Agreement by the Administrator- <br />• Clerk with the advice of the City Attorney shall be conclusive evidence of such <br />determination. All of the provisions of the Loan Agreement, the Indenture, the <br />Servicing Agreement, the Bond Purchase Agreement and the Guaranty Agreement, <br />when executed and delivered as authorized herein, shall be deemed to be a part of <br />this resolution as fully and to the same extent as if incorporated herein and shall be <br />in full force and effect from the date of execution and delivery thereof. <br />5. That the Mayor and Clerk-Administrator of the City are hereby <br />authorized to execute and deliver, on behalf of the City, such other documents as <br />are necessary or appropriate in connection with the issuance, sale, and delivery of <br />the Bonds, including the election required to be made by the City pursuant to <br />Section 103(b)(6)(D) of the Internal Revenue Code of 1954, as amended, and Section <br />1.103-10(b)(2)(vi) of the Regulations promulgated pursuant thereto. <br />6. That all covenants, stipulations, obligations, and agreements of the <br />• City contained in this resolution and the aforementioned documents shall be <br />4 <br />