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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />ARDEN HILLS, MINNESOTA, AS FOLLOWS: <br />1. The City Council hereby consents to, approves, authorizes, and directs the execution <br />of the Allonges by the Mayor and the City Administrator, substantially in the forms on file <br />with the City on the date hereof, which are hereby approved, with such changes as shall be <br />approved by the Mayor and the City Administrator; provided that the execution thereof by <br />the Mayor and the City Administrator shall be conclusive evidence of such approval. <br />2. As provided in the 2011A Loan Agreement, the 2012A Loan Agreement, and the <br />2015 Loan Agreement (together, the "Loan Agreements"), and the 2011 Resolution and <br />2015 Resolution, the Notes shall not be payable from nor charged upon any funds other than <br />the revenues pledged to their payment, nor shall the City be subject to any liability thereon, <br />except as otherwise provided in this paragraph. No holder of the Notes shall ever have the <br />right to compel any exercise by the City of its taxing powers to pay any of the Notes or the <br />interest or premium thereon, or to enforce payment thereof against any property of the City <br />except the interests of the City in the Loan Agreements and the revenues and assets <br />thereunder, which have been assigned to the Lender. The Notes shall not constitute a <br />charge, lien, or encumbrance, legal or equitable, upon any property of the City, except the <br />interests of the City in the Loan Agreements, and the revenues and assets thereunder, which <br />have been assigned to the Lender. <br />3. The Mayor and/or the City Administrator are authorized and directed to execute and <br />deliver any additional documents or certificates deemed necessary to carry out the <br />transactions described in the Allonges and the intention of this resolution. <br />4. This resolution shall be in full force and effect from and after its passage. <br />APPROVED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS, <br />MINNESOTA, THIS 8TH DAY OF MAY, 2023. <br />Mayor <br />ATTEST: <br />City Clerk <br />To view the final document, access adopted Resolutions via Arden Hills Public Laserfiche Weblink by visiting <br />cityofardenhills. org and clicking on Archived Documents under Helpful Links on our main webpage. <br />AR200-21-870719.v1 <br />