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5. Briggs and Morgan, Profess�anal Associa�ian, <br />the City's bond counsel, is au�horized in consultation with <br />: the City's Fiscal Consultant and.Attorney and any other neces- <br />i sary parties to assist in the preparation and review of' <br />� necessary docume�ts relating to the Project, and to consult <br />with the Homes ar�d the purch�aser of the Rev�nue Bond as ta <br />���; the maturities, interest rates and other terms and provisions <br />. of the bond and the covenants and other provisions of the <br />'�. � <br />,`�,__ necessary documents and to"submit such docu.ments to the Council- <br />` for final approval. <br />I : <br />6. Nothing in this resolution or in iche documents <br />prepared pursuant hereto shall authorize tre expenditure of <br />any municipal funds on the Project other t'r_an �he revenues ' <br />thereof or the proceeds of the Revenue Bon� or other funds <br />-granted:to the City for this purpose. T'ne bond shall not can- <br />stitute a charge, lien or encumbrance,_1eg�,l cr equitable, <br />upon any property or funds of the City exce�t the Project and <br />the revenue pledged to the payment thereof nor`sha11 the City <br />be subject to any liability thereon. The �ondholder shall : <br />never have the r3ght to compel any exercise of the taxing <br />I `power of the City to pay the bond or:the irterest thereon, <br />nor ta enforce payment thereof again.st any.property of the <br />: City except 'che Proj ec�. The bond shall recite in substance <br />that the bond, including interest thereon, is �ayable solely <br />G from the revenue pledged to the payment thereof. No bond <br />� issued hereunder shall constitute a debt oi �h� City within <br />' - the meaning of any consitutional or statutery Iimi�ation. <br />7. Zn anticipation of the'approval by the Com- <br />�, missioner of Economic Development and the issuance of the <br />Revenue Bond to finance a portion of the Projec�, and in <br />order that completion af the;Project wi11 ro� be unduly de- <br />layed when approved, the Homes is hereby autnorized 'co make <br />such expenditures and advances toward paymen� of that portion <br />'� :of the costs of the Project to be financed from the proceeds : <br />� of-the Revenue Bond as the Homes considers necessary, in- <br />cluding the use of interim, short-term financ�ng, subject to <br />- reimbursement from the proceeds of the Revenue Bond wh�n_.__,�_� <br />delivered bu� otherwise without liability on the'part of :the <br />j City. <br />' ( , <br />, ,_, <br />f <br />_ <br />i <br />-4- <br />f <br />� <br />, <br />� <br />