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9 and containing such terms and conditions as he may deem advisable, subject to the provisions hereof. In lieu of publishing the full text of the Notice of Sale of the Bonds in accordance with the provisions of the immediately preceding sentence, the City Manager is hereby authorized to cause a Summary Notice of Sale of the Bonds in such form as the City Manager shall approve to be published in The Bond Buyer on a date selected by the City Manager and is hereby further authorized to cause to be prepared and distributed a Preliminary Official Statement and a final Official Statement and a Detailed Notice of Sale relating to the Bonds of each series. There is hereby delegated to the City Manager the authority to receive bids for the purchase of the Bonds of each series and, without further action by the Council, to accept the bid offering to purchase the Bonds of each series at the lowest true interest cost to the City, computed in accordance with the provisions of the Detailed Notice of Sale of the Bonds of such series; provided (i) that such bid is accompanied or preceded by a surety bond meeting the conditions specified in the Detailed Notice of Sale of such series and is otherwise in conformity with the provisions of the Detailed Notice of Sale of the Bonds of such series, (ii) that the true interest cost to the City as specified in such bid is not in excess of five and one-half percent (5½%) and (iii) the redemption premium payable upon the redemption of the Bonds shall not exceed two percent (2%) of the principal amount thereof. The City Manager is hereby further authorized to determine, or to modify the provisions of this resolution with respect to, the dated date of the Bonds, the interest payment dates for the Bonds, the dates on which the Bonds shall mature, the principal amount of the Bonds maturing on each such maturity date and the redemption provisions applicable to the Bonds and to fix the rates of interest to be borne by the Bonds of each maturity of each series as specified in the bid accepted by him in accordance with the immediately preceding sentence. The City Manager is hereby further authorized to execute and deliver to the purchasers of the Bonds authorized for issuance under this resolution a Continuing Disclosure Certificate evidencing the City’s undertaking, to comply with the continuing disclosure requirements of Paragraph (b)(5) of such Rule 15c2-12 to the extent applicable to the Bonds. The City Manager, the Chief Financial Officer/Chief Operating Officer, the Director of Finance and the City Attorney are hereby authorized to execute and deliver to the purchasers of the Bonds of each series one or more certificates in the forms provided for in the Official Statement relating to the Bonds. The Bonds, the certificate of authentication of the Registrar and the assignment endorsed on such Bonds, shall be in substantially the form set forth in Exhibit A, with such changes in format as may be appropriate to conform with customs and practices applicable to comparable securities. There is hereby delegated to the Chief Operating Officer/Chief Financial Officer the authority to take any action the City Manager is authorized to take under this resolution in the absence or unavailability of the City Manager. The City Attorney of the City is directed to file a copy of this resolution, certified by the Clerk of Council of the City to be a true and correct copy hereof, with the Circuit Court of the City in accordance with Section 15.2-2607 of the Code of Virginia, 1950. All ordinances, resolutions and proceedings in conflict herewith are, to the extent of such conflict, repealed. This resolution shall take effect upon its adoption. ORDINANCE : RESTRICTING THROUGH TRUCK TRAFFIC ON FRANKLIN nd STREET (2 reading) Mr. O’Connell said that a meeting was held with neighborhood representatives and businesses today, and he feels that an alternative solution was identified that may be as effective as restricting through truck traffic.