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• Section 3. Recital of Representations Made by the Borrower. <br /> (a) The Borrower has agreed to pay any and all costs incurred by the City in <br /> connection with the issuance of the Bonds, whether or not such issuance is carried to completion. <br /> (b) The Borrower has represented to the City that no public official of the City has <br /> either a direct or indirect financial interest in the Project nor will any public official either <br /> directly or indirectly benefit financially from the Project. <br /> Section 4. Public Hearing. <br /> (a) As required by the Acts and Section 147(f) of the Code a Notice of Public <br /> Hearing was published in the City's official newspaper and newspaper of general circulation, for <br /> a public hearing on the proposed issuance of the Bonds and the proposal to undertake and <br /> finance the Project. <br /> (b) As required by the Acts and Section 147(f) of the Code the City Council has on <br /> this same date held a public hearing on the issuance of the Bonds and the proposal to undertake <br /> and finance the portion of the Project located within the jurisdictional limits of the City, at which <br /> all those appearing who desired to speak were heard and written comments were accepted. <br /> Section 5. Host Approval. The City Council hereby gives the host approval required <br /> under Section 147(f) of the Code and, pursuant to Minnesota Statutes §471.656, Subd. 2(2), the <br /> • City Council hereby consents to the issuance of the Bonds. <br /> it/a;nleyviffarpsCea'd,if(4ayor <br /> ATTEST: <br /> Ronald J. Moorse, Administrator <br /> 2345557v2 3 <br />