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-3- • Form for the submission of proposals for the purchase of the Bonds in the respective forms thereof presented at the meeting of the Council at which this resolution is being adopted and the form and contents of such Preliminary Official Statement, Summary Notice of Sale, Detailed Notice of Sale and Official Proposal Form, and the details of the Bonds described therein, are hereby approved, ratified and confirmed. The City Manager or the Deputy City Manager and the Director of Finance of the City are hereby authorized to prepare and deliver to the Purchaser a final Official Statement relating to the Bonds, dated the date of adoption of this resolution, substantially in the form of the Preliminary Official Statement, and to execute and deliver to the Purchaser the "CERTIFICATE CONCERNING OFFICIAL STATEMENT" described in such final Official Statement. The Preliminary Official Statement is "deemed final" for purposes of Rule 15c2-12 ("Rule 15c2-12") promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. The City Manager is hereby further authorized to execute and deliver to the Purchaser a Continuing Disclosure Certificate relating to the Bonds evidencing the City's undertaking to comply with the continuing disclosure requirements of Paragraph (b) of Rule 15c2-12 in such form as shall be approved by the City Mayor upon advice of counsel (including the City Attorney or Bond Counsel), such approval by conclusively evidenced by his execution thereof. 4. (a) The details of the Bonds as set forth in the Detailed Notice of Sale are hereby ratified and confirmed. In accordance with the Detailed Notice of Sale, the Bonds shall be dated June 1, 1996; shall be numbered from R-1 consecutively upward in order of issuance; shall be issued in fully registered form in the denomination of $5,000 each or any integral • multiple thereof; and shall bear interest from their date payable on December 15, 1996 and semiannually on each June 15 and December 15 thereafter. The Bonds shall mature and become due and payable on June 15 in each of the years 1997 to 2016, both inclusive, in the principal amounts set forth opposite each such year below, with the Bonds maturing in each such year bearing interest at the rate per annum set forth opposite such year, as follows: Year Principal Interest Year Principal Interest June 15 Amount Rate June 15 Amount Rate 1997 $475,000 5.60% 2007 $475,000 S.OS% 1998 475,000 5.50 2008 475,000 5.10 1999 475,000 5.50 2009 475,000 6.a0 2000 475,000 5.50 2010 475,000 5.30 2001 475,000 S.50 2011 475,000 5.40 2002 475,000 S•SO 2012 475,000 5.50 2003 475,000 5.50 2013 475,000 5.50 2004 475,000 S.50 2014 475,000 5.50 2005 475,000 5.30 2015 475,000 5. SO 2006 475,000 5.00 2016 475,000 S.So 135139.1 017300 RES