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Resolution 9575
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Resolution 9575
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Last modified
1/28/2025 4:54:25 PM
Creation date
4/27/2022 10:42:30 AM
Metadata
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Resolutions
MEETINGDATE
4/25/2022
Commission Doc Number (Ord & Res)
9575
Supplemental fields
City Council Document Type
Resolutions
Date
4/25/2022
Resolution/Ordinance Number
9575
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Resolution 9575 <br />sentences, clauses or paragraphs contained in this Resolution shall not affect the remaining <br />portions of this Resolution or any part thereof. <br />3.2 Authentication of Transcript. The officers of the City are directed to furnish to <br />Bond Counsel certified copies of this Resolution and all documents referred to herein, and <br />affidavits or certificates as to all other matters which are reasonably necessary to evidence the <br />validity of the Note. All such certified copies, certificates and affidavits, including any heretofore <br />furnished, shall constitute recitals of the City as to the correctness of all statements contained <br />therein. <br />3.3 Authorization to Execute Agreements. The forms of the proposed Note, the Loan <br />Agreement, the Assignment of Loan Agreement, Regulatory Agreement and the Mortgage <br />Assignment (collectively, and together with any Loan Purchase Agreement, any Disbursing <br />Agreement, the Security Documents and such other documents as Bond Counsel considers <br />appropriate in connection with the issuance of the Note, the "Financing Documents") are hereby <br />approved in substantially the forms on file with the City Administrator of the City, together with <br />such additional details therein as maybe necessary and appropriate and such modifications thereof, <br />deletions therefrom and additions thereto as may be necessary and appropriate and approved by <br />Bond Counsel prior to the execution of the documents, and the Authorized Officers are authorized <br />to execute, in the name of and on behalf of the City, the Financing Documents to which the City <br />is a party. In the event of the absence or disability of any of the Authorized Officers, such officers. <br />of the City as, in the opinion of the City Attorney for the City, may act on their behalf shall without <br />further act or authorization of the Council do all things and execute all instruments and documents <br />required to be done or executed by such absent or disabled officers. The execution of any <br />instrument by the appropriate officer or officers of the City herein authorized shall be conclusive <br />evidence of the approval of such documents in accordance with the terms hereof. The electronic <br />signature of a party to the Financing Documents, including all acknowledgements, authorizations, <br />directions, waivers and consents thereto (or any amendment or supplement thereto) shall be as <br />valid as an original signature of such party and shall be effective to bind such party to the Financing <br />Documents. Any electronically signed Financing Documents shall be deemed (i) to be "written" <br />or "in writing," (ii) to have been signed, and (iii) to constitute a record established and maintained <br />in the ordinary course of business and an original written record when printed from electronic files. <br />For purposes hereof, (i) "electronic signature" means (a) a manually signed original signature that <br />is then transmitted by electronic means or (b) a signature obtained through DocuSign, Adobe or a <br />similarly digitally auditable signature gathering process; (ii) "transmitted by electronic means" <br />means sent in the form of a facsimile or sent via the internet as a portable document format ("pdf') <br />or other replicating image attached to an electronic mail or internet message; and, (iii) <br />"electronically signed document" means a document transmitted by electronic means and <br />containing, or to which there is affixed, an electronic signature. <br />3.4 Future Amendments. The authority to approve, execute and deliver future <br />amendments to the Financing Documents entered into by the City in connection with the issuance <br />of the Note and consents required under the Financing Documents is hereby delegated to the <br />Authorized Officers of the City, subject to the following conditions: (a) such amendments or <br />consents do not materially adversely affect the interests of the City; (b) such amendments or <br />consents do not contravene or violate any policy of the City, (c) such amendments or consents do <br />not require the consent of the holder or such consent has been obtained; and (d) such amendments <br />MU210-289-787665.v1 7 <br />
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