Financial- COPS (Due Diligence Authorizing Resolutions)

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(3) each Credit Facility and all amounts drawn or paid thereunder; and (4) all of the proceeds of the foregoing, including without limitation investment income derived therefrom. SECTION 3. SALE OF 1998 CERTIFICATES; APPROVAL OF FINANCING DOCUAtENTS. The 1998 Certificates shall be sold in a negotiated sale to Prudential Securities Incorpor~,ted, as senior managing underwriter (the "Underwriters' Representative"). The Marion County Courthouse Square Coordinator (the "Coordinator") is hereby authorized, empowered and directed to: (1) cause to be prepared a preliminary official statement in substantially final form describing the 1998 Certificates and setting forth such information concerning the County, the Project and the 1998 Certificates as may be necessary or appropriate in order to disclose all material information which a prospective investor would need in order to make an informed decision with respect to an investment in the 1998 Certificates; (2) establish: (A) the aggregate principal amount of the 1998 Certificates, the principal amount of the 1998 Certificates to mature in each year, and the principal amounts of the 1998 Certificates to be issued as serial certificates and as term certificates; provided that in no event shall the 1998 Certificates mature over a term in excess of twenty-five and one-half years from the date of issuance thereof; (B) with respect to the 1998 Certificates to be issued as term certificates, the principal amount of the term certificates of each maturity to be subject to mandatory sinking fund redemption in each year; (C) the rate of interest per annum to be applicable to the 1998 Certificates of each maturity; provided that in no event shall the true interest costs of the 1998 Certificates exceed 6.0%; and (D) the dates upon which the 1998 Certificates (or specified maturities thereo fl shall be subject to redemption at the option of the County and prices at which such 1998 Certificates shall be so subject to optional redemption, which prices may include a premium; and (3) negotiate the terms of the sale of the 1998 Certificates to the Underwriters' Representative, which terms shall be set forth in a Certificate Purchase Agreement to be entered into among the County, the Trustee and the Underwriters' Representative (the RESOLUTION AUTHORIZING FINANCING PAGE 3