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<br />. <br /> <br />. <br /> <br />, <br /> <br />4. In accordance with Subdivision 7a of section 474.01 <br />Minnesota Statutes, the Mayor of the City is hereby authorized <br />and directed to submit the proposal for the Project to the <br />Authority requesting its approval, and other officers, <br />employees and agents of the City are hereby authorized to <br />provide the Authority with such preliminary information as it <br />may require; <br /> <br />5. Borrower has agreed and it is hereby determined that <br />any and all costs incurred by the City in connection with the <br />financing of the project whether or not the project is carried <br />to completion and whether or not appr9ved by the Authority will <br />be paid by Borrower; <br /> <br />6. Briggs and Morgan, Professional Association, acting as <br />bond counsel. is authorized to assist in the preparation and <br />review of necessary documents relating to the Project, to <br />consult with the City Attorney, Borrower and the purchaser of <br />the Revenue Bonds as to the maturities, interest rates and <br />other terms and provisions of the Revenue Bonds and as to the <br />covenants and other provisions of the necessary documents and <br />to submit such documents to the Council for final approval; <br /> <br />7. Nothing in this resolution or in the documents pre- <br />pared pursuant hereto shall authorize the expenditure of any <br />municipal funds on the Project other than the revenues derived <br />from the Project or otherwise granted to the City for this <br />purpose. The Revenue Bonds shall not constitute a charge, lien <br />or encumbrance, legal or equitable, upon any property or funds <br />of the City except the revenue and proceeds pledged to the <br />payment thereof, nor shall the City be subject to any liability <br />thereon. The holder of the Revenue Bonds shall never have the <br />right to compel any exercise of the taxing power of the City to <br />pay the outstanding principal on tlie Revenue Bonds or the <br />interest thereon, or to enforce payment thereof against any <br />property of the City. The Revenue Bonds shall recite in <br />substance that the Revenue Bonds, including interest thereon, <br />is payable solely from the revenue and proceeds pledged to the <br />payment thereof. The Revenue Bonds shall not constitute a debt <br />of the City within the meaning of any constitutional or <br />. statutory limitation; <br /> <br />8. In anticipation of the approval by the Authority the <br />issuance of the Revenue Bonds to finance all or a portion of <br />the Project, and in order that completion of the Project will <br />not be unduly delayed when approved, Borrower is hereby <br />