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(f) Pesi-pation as uakfied Tax-Exem,tions. The City hereby designates the p1,9b_!iga_ Notes as "qualified tax-exempt obligations" as defined in section 265(b)(3) of the Code. In JiJ_bPY_!,jW"_ r it: '11 1:11"ItS 11111 1 it"Itli 'I JXIW�; LIIC t.;U10111till J Cal III 7113XIMPUrl has not designated nor will designate bonds, which when aggregated with the Notes, will result in more than $10,000,000 of "qualified tax-exempt obligations" being issued; (b) that the City reasonably anticipates that r of tax-exempt obligations issued, during the calendar year in which the Notes are issued, by the City (or any subordinate entities) will not exceed $ 10,000,000; and (c) that the City will take such action or refrain from such action as necessary, and as more particularly set forth in this Section, in order that the Notes will not be considered 11private activity bonds" within the meaning of section 141 of the Code. Meetion 10. SALE OF NOTES AND APPROVAL OF OFFICIAL STATEMENT; FURTHER PROCEDURES; APPLICATION OF [NET] PREMIUM FROM SALE OF VOTES. (a) The Notes are hereby sold and shall be delivered to (the "Purchaser' for the purchase price of $ (representing the aggregate principal amount of the Notes, plus [net] reoffering premium of $ , less an underwriter's discount of $_ ). The Notes sh initially be registered in the name of the Purchaser or its designee. It is hereby officially foun I detrmind d andeclared that the terms of this sale are the most advantageous reasonab obtainable. �1 ee INN1.11 at puMic 7 sare-17ffe—sm, U an Official Notice of Sale and Bidding Instructions. It is further officially found, determined declared that the Notes have been offered pursuant to a Preliminary Official Statement prepar and distributed in connection with the sale of the Notes. Said Preliminary Official Stateme undnt, t Official Statement, and any addenda, supplement or amendment thereto, have been and are here approved by the governing body of the City, and its use in the offer and sale of the Notes is her approved. It is further officially fo, determined and declared that the statements a representations contained in said Official Statement are true and correct in all material respects], the best knowledge and belief of the Council. (c) The Authorized Officials, individually or jointly, shall be and they are herebp from time to time and at anN time to do and i` 1, -T I ll such acts and things and to execute, acknowledge and deliver in the name and under t corporate seal and on behalf of the City such documents, certificates and instruments, whether not herein mentioned, as may be necessary or desirable in order to carry out the ternins a Wiuer Letter of Represent 3 Cations- the Notes and the saJe of the Notes. In addition, prior to the delivery of the Notes, the Authorized Officials are ea nwlf corrections to this Ordinance or to ani, of the documents authorized and approved by this Ordinance: (i) in order to cure any ambigui formal defect, or omission in this Ordinance or such other document, or (ii) as requested by t ii19) TC4 '�v ,4 j in case any officer whose signature shall appear on any Note shall cease to be such officer befoa 0