The bonds are to be issued in fully-registered form by means of a book-entry system or
otherwise and shall have such terms and conditions and be in such form, subject to the provisions
of this resolution and applicable law, as shall be determined by the Mayor and the City
Treasurer.
No borrowing for the renovation or construction of a new performing arts center, except
for costs related to acquiring and securing (for safety and security purposes) the property
anticipated to be used as a new performing arts center, shall occur until such time as the Mayor
has determined that private funds totaling at least four million dollars ($4,000,000), to be used
towards a portion of the operating costs of such new performing arts center, have been raised.
RESOLVED FURTHER, that the Mayor is authorized to enter into the required
contracts therefor as well as any amendments to be made thereto or any other documentation
necessary for the receipt of said funds.
