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-2- <br />• CITY; FIXING THE FORM, DENOMINATION AND CERTAIN OTHER <br />FEATURES OF SUCH BONDS; PROVIDING FOR THE SALE OF SUCH <br />BONDS AND PRESCRIBING THE FORM OF A NOTICE OF SALE THEREFOR; <br />AND AUTHORIZING AND PROVIDING WITH RESPECT TO THE ISSUANCE <br />AND SALE OF A LIKE PRINCIPAL AMOUNT OF GENERAL OBLIGATION <br />BOND ANTICIPATION NOTES IN ANTICIPATION OF THE ISSUANCE AND <br />SALE OF SUCH BONDS" (the "Bond Ordinance"), offers to <br />purchase the Notes on a fair and reasonable basis and the <br />acceptance of the proposal is in the best interest of the <br />City. <br />2. The Proposal of the Purchaser to purchase the <br />• Notes for a purchase price equal to OA4L million <br />thousand Dollars ($(,SDo Joo. and accrued interest <br />from the date of the Notes to the date of the payment in <br />full of the purchase price thereof is accepted. In <br />accordance with the terms of the Proposal the Notes shall <br />bear interest at the rate per annum as set forth in <br />paragraph 4. <br />3. All action taken to date by the officials of <br />the City with respect to the sale of the Notes, including <br />the action of the City Manager of the City in negotiating <br />the sale of the Notes, and the actions of the Mayor, the <br />City Manager and other officials of the City are approved, <br />• ratified and confirmed. <br />