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<br />. <br /> <br />to the procedure contemplated by the documents described <br />in Section 2 hereof. Approval for such financing is hereby <br />granted, and the appropriate officers of the City are hereby <br />authorized to execute on behalf of the City the contracts <br />listed in (a), (b) and (d) of Section 2 and such other documents, <br />instruments and certificates relating thereto as shall be <br />required by the parties to the financing and as are approved <br />by the City Attorney, and all certifications, recitals and <br />representations therein shall constitute the certifications, <br />recitals and representations of the City. Execution of any <br />instrument or document by one or more appropriate officers <br />of the City shall constitute, and shall be deemed the conclusive <br />evidence of, the approval and authorization by the City and <br />this Council of the instrument or document so executed. <br /> <br />Section 4. Designation of Lease as Qualified <br />Tax-Exempt Obligation. The Lease is hereby designated as <br />a "qualified tax-exempt obligation" within the meaning of <br />H.R. 3838 as passed by the United States House of Representatives <br />on December 17, 1985 (the Tax Reform Bill). The City hereby <br />covenants and agrees with Lessor under the Lease and its <br />assignees that the City will not designate more than $10,000,000 <br />of obligations as "qualified tax-exempt obligations" within <br />the meaning of the Tax Reform Bill for this calendar year. <br /> <br />. <br /> <br />Adopted this 11th day of August, 1986. <br /> <br />,/~~~;:-:~=~) / // ~',!/> <br /> <br />, . // ..A'C<> ~>",.,.l "'~-K" , "".'1::> .pC / <br />Mayor ' <br /> <br />Attest: <br /> <br />A~ . 1/- .. /,1 <br />,//. c-' '-:7 '. /.. <br />/,--2. ~} ~,e:'1/'d-" <br />City Administrator <br /> <br />The motion for the adoption of the foregoing resolution <br /> <br />was duly seconded by Councilmember Williams <br /> <br />and, upon vote being taken thereon, the following voted In <br /> <br />favor thereof: Mayor Hinkle, Council Members Engstrom, <br />Williams and Gunkel <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />whereupon the resolution was declared duly passed and adopted <br /> <br />and was signed by the Mayor, which signature was attested <br /> <br />. <br /> <br />by the City Administrator. <br /> <br />-2- <br />