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presentment and payment of the Bonds, subrogation of the rights of the Bondholders to the Bond <br /> Insurer when holding Bonds, amendment hereof, or other terms, as approved by the Council on <br /> advice of counsel, their approval to constitute full and complete acceptance by the City of such <br /> terms and provisions under authority of this Section. <br /> Section 25. 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 (such as the Bonds) or which <br /> enable the City or the holder to receive federal tax benefits, including, but not limited to, qualified <br /> tax credit bonds and other specified tax credit bonds. The Council amended the Policy on <br /> August 5, 2013. The Council and the City hereby reaffirm the Policy, as amended. <br /> Section 26. Severability. If any section,paragraph, clause or provision of this Ordinance <br /> shall be held invalid, the invalidity of such section,paragraph, clause or provision shall not affect <br /> any of the other provisions of this Ordinance. <br /> [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] <br /> -33- <br />