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4. In accordance with Subdivisian 7a of Section 474.01 Minnesota Statutes, the Mayor of the City is hereby autharized : and directed to submit the proposal for the Project to the Authority requesting its approval, and other officers, employees and agents of the City are hereby authorized to �^, provide the Authority with such preliminary information as it may require; _ 5. Borrower has agreed and it is hereby determined that any and all costs incurred by the Citg in connection with the financing of the Project whether Qr not the Project is carried to completion and whether or not approved by the Authority will be paid by Borrower; 6. Briggs and Morgan, Professional Association, acting as bond counsel, is authorized to assist in the preparation and review of necessary documents relating to the Project, to consult with the City Attorney, Borrower and the purchaser of the Revenue Bonds as to the maturitie�, interest rates and other terms and provisions of the l�evenue Bonds and as to the covenants and other provisions of the n�eessary documents and _ to submit such documents to the Council for final approval;' 7. Nothing in this resolution or in the documents pre- : pared pursuant hereto shall authorize the expenditure of any - municipal funds on the Project other than the revenues derived from the Project or atYierwise grantea to the City for this purpose. The Revenue Bonds shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property or funds of the City except the revenue and proceeds pledged to the payment thereof, nor shall the City be subject to any liability thereon. The holder of the Revenue Bonds shall never have the, right to compel any exercise of the taxing power of the City to pay the outstanding principal on tY'►e Revenue Bonds or the : interest thereon, or to enforce payment thereof against any � property of the City. The Revenue Bonds shall reeite in substance that the Revenue Bonds, including interest thereon, is payable solely from the revenue and proceeds pledged to the payment thereof. The Revenue Bonds shall not constitute a debt: of the City within the meaning of any canstitutional or . �statutory limitation; , 8. In anticipation of the approval by the Authority the issuance of the Revenue Bonds to finance all or a portion of the Project, and in ozder that completian of the Project will not be unduly delayed when approved, Borrower is hereby : � ;.