Resolution No. 98-02 EDA - Laserfiche WebLink

Home Search

Year Amount Year Amount 2001 $165,000 2011 $290,000 2002 175,000 2012 305,000 2003 190,000 2013 325,000 2004 205,000 2014 340,000 2005 195,000 2015 360,000 2006 210,000 2016 380,000 2007 230,000 2017 405,000 2008 250,000 2018 430,000 2009 270,000 2019 455,000 2010 170,000 2.04. Execution, Authentication and Delivery. The Series 1998A Bonds, substantially in the form provided in the Indenture, will be prepared under the direction of the Authority staff and executed on behalf of the Authority by the signatures of the President and one other officer of the Authority, provided that all signatures may be printed, engraved or lithographed facsimiles of the originals. Notwithstanding such execution, a Series 1998A Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution or the Indenture unless and until a certificate of authentication on the Series 1998A Bond has been duly executed by the manual signature of an authorized representative of the Trustee. When the Series 1998A Bonds have been so prepared, executed and authenticated, the Authority will deliver the same to The Depository Trust Company, New York, New York, on behalf of the Purchaser, upon payment of the purchase price, and the Purchaser is not obligated to see to the application of the purchase price. Section 3. Approval and Execution of Documents. The Ground Lease, the Lease, the Indenture, the Disbursing Agreement, the Assignment and the Continuing Disclosure Agreement described in Section 1 are hereby approved. The President and one other officer of the Authority are authorized and directed to execute and deliver the Ground Lease, the Lease, the Indenture and the Disbursing Agreement on behalf of the Authority, substantially in the forms on file, but with all such changes therein as shall be approved by the officers executing the same, which approval shall be conclusively evidenced by the execution thereof. Copies of all of the transaction documents shall be delivered, filed and recorded as provided therein. The President and other officers of the Authority are also authorized and directed to execute such other instruments as may be required to give effect to the transactions herein contemplated. Section 4. Payment; Security; Pledges and Covenants. The Series 1998A Bonds are payable solely from the Lease Payments to be made by the City under the Lease and from other moneys realized by the Trustee after default or termination of the Lease by the City as provided. therein. No property or funds of the Authority, other than the property pledged pursuant to the Indenture and assigned to the Trustee pursuant to the Assignment, is pledged to the payment of the Series 1998A Bonds.