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CC RES 12-068 RESOLUTION AUTHORIZING THE REMARKETING OF VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE REFUNDING BONDS (THE LANDINGS AT SILVE LAKE VILLAGE PROJECT), SERIES 2007 AND AUTHORIZING THE EXECUTION OF DOCUMENTS
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CC RES 12-068 RESOLUTION AUTHORIZING THE REMARKETING OF VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE REFUNDING BONDS (THE LANDINGS AT SILVE LAKE VILLAGE PROJECT), SERIES 2007 AND AUTHORIZING THE EXECUTION OF DOCUMENTS
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4/19/2016 3:15:18 PM
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RES 2012
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CC RES 12-068 RESOLUTION AUTHORIZING THE REMARKETING OF VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE REFUNDING BONDS (THE LANDINGS AT SILVE LAKE VILLAGE PROJECT), SERIES 2007 AND AUTHORIZING THE EXECUTION OF DOCUMENTS
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Section 6 Absence of Officers. In the absence or disability of the Mayor, any of the <br /> documents authorized by this resolution to be approved and executed by the Mayor may be so <br /> approved and executed by the acting Mayor. In the absence or disability of the City Manager, <br /> any of the documents authorized by this resolution to be approved and executed by the City <br /> Manager may be so approved and executed by the person designated as acting City Manager or <br /> by such other officer of the City who, in the opinion of the City Attorney, may execute such <br /> documents. <br /> Section 7. Authentication of Proceedings. The Mayor,the City Manager,the City Clerk <br /> and other officers of the City are authorized and directed to furnish to the Remarketing Agent <br /> and bond counsel certified copies of all proceedings and records of the City relating to the <br /> reissuance of the Bonds, and such other affidavits and certificates as may be required to show the <br /> facts relating to the legality and marketability of the Bonds as such facts appear from the books <br /> and records in the officers' custody and control or as otherwise known to them; and all such <br /> certified copies, certificates and affidavits, including any heretofore furnished, shall constitute <br /> representations of the City as to the truth of all statements of fact contained therein. <br /> Section 8. Limitations of the City's Obligations. Notwithstanding anything contained in <br /> the Bonds or the Documents,the Bonds shall not constitute a debt of the City within the meaning <br /> of any constitutional or statutory limitation, and shall not be payable from nor shall constitute a <br /> charge, lien or encumbrance, legal or equitable, upon any funds or any property of the City other <br /> than the revenues specifically pledged to the payment thereof pursuant to the Documents, and no <br /> holder of the Bonds shall ever have the right to compel any exercise of the taxing power of the <br /> City to pay the Bonds or the premium, if any, or interest thereon, or to enforce payment thereof <br /> against any property of the City other than those rights and interests of the City which have been <br /> pledged to the payment thereof pursuant to the Documents. The agreement of the City to <br /> perform the covenants and other provisions contained in this resolution or the Bonds or the <br /> Documents shall be subject at all times to the availability of the revenues furnished by the <br /> Borrower sufficient to pay all costs of such performance or the enforcement thereof,and the City <br /> shall not be subject to any personal or pecuniary liab' ity thereon. <br /> Passed this 26th day of June, 2012. <br /> Mayor <br /> Attest: <br /> &440X� <br /> Ci erk <br /> -3- <br />
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