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counsel, their approval to constitute full and complete acceptance by the City of such terms and <br /> provisions under authority of this section. <br /> Section 27. Record-Keeping Policy and Post-Issuance Compliance Matters. On <br /> November 15, 2010, the Council adopted a record-keeping policy to assist the City in <br /> demonstrating compliance with its covenants and expectations to ensure the appropriate federal <br /> tax status for the Bonds or other bonds or debt obligations of the City (collectively, the <br /> "Policv"). The Council hereby amends the Policy to include the following provision: <br /> Training. The Compliance Officer shall undertake to maintain <br /> reasonable levels of knowledge concerning the rules related to <br /> tax-exempt bonds (and build America bonds and tax credit bonds <br /> to the extent the City has outstanding build America bonds or tax- <br /> credit bonds) so that such officer may fulfill the duties described in <br /> this Section. The Compliance Officer may consult with counsel, <br /> attend conferences and presentations of trade groups, read <br /> materials posted on various web sites, including the web site of the <br /> Tax-Exempt Bond function of the IRS, and use other means to <br /> maintain such knowledge. Recognizing that the Compliance <br /> Officer may not be fully knowledgeable in this area, the <br /> Compliance Officer may consult with outside counsel, consultants <br /> and experts to assist him or her in exercising his or her duties <br /> hereunder. The Compliance Officer will endeavor to make sure <br /> that the City's staff is aware of the need for continuing compliance. <br /> The Compliance Officer will provide copies of this Ordinance and <br /> the Tax Exemption Certificate and Agreement or other applicable <br /> tax documents for each series of Tax-Exempt Obligations then <br /> currently outstanding (the "Tax Agreements") to staff members <br /> who may be responsible for taking actions described in such <br /> documents. The Compliance Officer will review this Ordinance <br /> and each of the Tax Agreements periodically to determine if there <br /> are portions that need further explanation and, if so, will attempt to <br /> obtain such explanation from counsel or from other experts, <br /> consultants or staff. <br /> Section 28. Publication of Ordinance. A full, true and complete copy of this Ordinance <br /> shall be published within ten days after passage in pamphlet form by authority of the Council. <br /> -33- <br /> 48 <br />