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upon all taxable property within the City, over and above all other taxes, authorized or <br />limited by law and without limitation as to rate or amount, sufficient to pay when due the <br />principal of and premium, if any, and interest on the Bonds to the extent other funds of <br />the City are not lawfully available and appropriated for such purpose. <br /> <br />6. CUSIP identification numbers may be printed on the Bonds, but no such number shall <br />constitute a part of the contract evidenced by the particular Bonds upon which it is <br />printed and no liability shall attach to the City or any officer or agent thereof (including <br />any paying agent for the Bonds) by reason of such numbers or any use made thereof <br />(including any use thereof made by the City, any such officer or any such agent) or by <br />reason of any inaccuracy, error or omission with respect thereto or in such use. All <br />expenses in relation to the printing of such numbers on the Bonds shall be paid by the <br />City; provided, however, that the CUSIP Service Bureau charge for the assignment of <br />such numbers shall be the responsibility of and shall be paid for by the purchaser of the <br />Bonds. <br /> <br />7. The City covenants and agrees to comply with the provisions of Sections 103 and <br />141-150 of the Internal Revenue Code of 1986 and the Treasury Regulations promulgated <br />under such Sections 103 and 141-150 throughout the term of the Bonds. <br /> <br />8. The proceeds of the sale of the General Obligation Public Improvement Bonds shall <br />be applied to the payment of the cost of the following public improvement projects of and <br />for the City in substantially the following respective amounts: <br /> <br />Projects Amounts <br /> <br />Schools <br />Courts <br />Parks and Downtown Mall <br />Public Safety <br />Comprehensive Plan Implementation <br /> <br />$ 8,500,000 <br /> 4,000,000 <br /> 1,500,000 <br /> 2,500,000 <br /> 500,000 <br /> <br />$17,000,000 <br /> <br />If any project set forth above shall require less than the entire respective amount so set <br />forth, the difference may be applied to any of the other projects so set forth. <br /> <br />9. (a) There is hereby delegated to the City Manager authority, without further action by <br />the Council, to sell the Bonds authorized for issuance under this resolution in accordance <br />with the provisions hereof at competitive sale at such price as shall be determined by the <br />City Manager, plus accrued interest thereon from their date to the date of delivery thereof <br />and payment therefor, and on such other terms and conditions as shall be provided in the <br />Notice of Sale relating to the Bonds. The City Manager is hereby authorized to cause to <br />be published and distributed a Notice of Sale of the Bonds of each series in such form <br />and containing such terms and conditions as he may deem advisable, subject to the <br />provisions hereof. In lieu of publishing the full text of the Notice of Sale of the Bonds in <br />accordance with the provisions of the immediately preceding sentence, the City Manager <br />is hereby authorized to cause a Summary Notice of Sale of the Bonds in such form as the <br />City Manager shall approve to be published in The BondBuyer on a date selected by the <br />City Manager and is hereby further authorized to cause to be prepared and distributed a <br />Preliminary Official Statement and a final Official Statement and a Detailed Notice of <br />Sale relating to the Bonds of each series. <br /> <br />(b) There is hereby delegated to the City Manager the authority to receive bids for the <br />purchase of the Bonds of each series and, without further action by the Council, to accept <br />the bid offering to purchase the Bonds of each series at the lowest true interest cost to the <br />City, computed in accordance with the provisions of the Detailed Notice of Sale of the <br />Bonds of such series; provided (i) that such bid is accompanied or preceded by a surety <br />bond meeting the conditions specified in the Detailed Notice of Sale of such series and is <br />otherwise in conformity with the provisions of the Detailed Notice of Sale of the Bonds <br />of such series, (ii) that the true interest cost to the City as specified in such bid is not in <br />excess of seven and one-half percent (7~A%), (iii) the redemption premium payable upon <br />the redemption of the Bonds shall not exceed two percent (2%) of the principal amount <br />thereof and (iv) in the case of Bonds issued to refund the Refunded Bonds, the net present <br /> <br /> <br />