Sec. 11.27.40.1. Procedures. Bonds shall be issued according to the following procedures: (a) The Los Angeles Housing Department shall submit any plan for the issuance of Bonds to the City Council and the Mayor, and the plan shall be referred to the Director of the Office of Administrative and Research Services and to the Municipal Housing Finance Fund Administrator for the separate study and report of each. (b) Upon receipt of the two reports, if the City Council approves the plan either as submitted or as modified by the City Council, the City Council shall adopt a resolution (“ Authorizing Resolution ”), which, subject to the approval of the Mayor, authorizes the issuance of Bonds. If the Mayor disapproves the Authorizing Resolution, the City Council may override that disapproval by a two-thirds vote of the whole Council; provided however, that in the event the Mayor fails to disapprove within 10 days after receipt of the Authorizing Resolution, it shall be deemed to have been approved. (c) The Authorizing Resolution may contain findings and declarations with respect to the public purpose for the issuance of the Bonds. It shall also state that it is being adopted pursuant to this article and City Charter Section 248. The findings and declarations shall be conclusive evidence of the existence and sufficiency of the public purpose and powers.