The Department shall award Revenue Bonds sold pursuant to a competitive bidding process to the winning bidder thereof in accordance with the terms and conditions set out in the financing documents described in Section 11.28.5 above. Revenue Bonds sold by private sale shall be awarded by the Department by the execution of the bond purchase agreement with the underwriting firm(s) identified pursuant to Section 11.28.4(b) of this Administrative Code, provided that said bond purchase agreement shall contain such material terms and conditions as shall have previously been approved in a resolution or other Board action described in Section 11.28.1 or 11.28.5 of this Administrative Code. If the Board delegated the award of such Revenue Bonds to its General Manager or his or her designee pursuant to one or more resolution(s) or action(s) approved under Sections 11.28.2, 11.28.4 or 11.28.5 of this Administrative Code, such award within the parameters previously approved by the Board and the Council shall be final and shall not be subject to further review by the Council whether under Section 245 of the Charter or otherwise.
SECTION HISTORY
Added by Ord. No. 172,353, Eff. 1-30-99.
Amended by: Ord. No. 173,234, Eff. 6-19-00, Oper. 7-1-00;Ord. No. 173,306, Eff. 6-30-00, Oper. 7-1-00.