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Disclosure Undertaking on behalf of the City shall approve, the official's execution thereof to <br /> constitute conclusive evidence of the approval of such changes. When the Continuing Disclosure <br /> Undertaking is executed and delivered on behalf of the City as herein provided, the Continuing <br /> Disclosure Undertaking will be binding on the City and the officers, employees and agents of the <br /> City, and the officers, employees and agents of the City are hereby authorized, empowered and <br /> directed to do all such acts and things and to execute all such documents as may be necessary to <br /> carry out and comply with the provisions of the Continuing Disclosure Undertaking as executed. <br /> Notwithstanding any other provision of this Ordinance, the sole remedies for failure to comply <br /> with the Continuing Disclosure Undertaking shall be the ability of the beneficial owner of any <br /> Bond to seek mandamus or specific performance by court order,to cause the City to comply with <br /> its obligations under the Continuing Disclosure Undertaking. <br /> Section 23. Record-Keeping Policy and Post-Issuance Compliance Matters. On <br /> November 15, 2010, the Council adopted a record-keeping policy (the "Policy") in order to <br /> maintain sufficient records to demonstrate compliance with its covenants and expectations to <br /> ensure the appropriate federal tax status for the debt obligations of the City,the interest on which <br /> is excludable from"gross income"for federal income tax purposes or which enable the City or the <br /> holder to receive federal tax benefits, including, but not limited to, qualified tax credit bonds and <br /> other specified tax credit bonds. The Council amended the Policy on August 5,2013. The Council <br /> and the City hereby reaffirm the Policy. <br /> Section 24. Municipal Bond Insurance. In the event the payment of principal and interest <br /> on the Bonds is insured pursuant to a municipal bond insurance policy (the "Municipal Bond <br /> Insurance Policy") issued by a bond insurer(the "Bond Insurer"), and as long as such Municipal <br /> Bond Insurance Policy shall be in full force and effect, the City and the Bond Registrar agree to <br /> comply with such usual and reasonable provisions regarding presentment and payment of the <br /> -28- <br />