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waived iiae appl.ication o� Section 7.1(d) which precZudes the issuance oi any tax-exeznpt obligatians by <br />any unit of govei•nmen� other than the City. <br />The Final Resn]ution: wili be the_ fYnal aetion reqZzired to ha taken by t�e City Counail to authozize <br />the issaanee and deli�rery of #.be Nofes. If tlie Ciiy Coeuicil:adopts -t�e Final Resolution, the Borrower will <br />finalize the terms of the security to be proviiieai by the Borrower ta the purchaser of flie Nntes a�d vvi21 <br />arrange for the closing of the financing transaction and the cozistruction of the Project. <br />Please cnntact the undersigned at your eonvenience with any q�zestzons �v�€th regard to the <br />foregaing. <br />KENNEDY & GRAVEN, CHARTERED <br />' <br />Utle3� <br />a�oo-o�z (,rr�} <br />33i08Gv.1 <br />-2- <br />