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<br />irrevocably agrees (solely for purposes of said Section 265(b)(3) of the Code) <br />with the other Member Cities of the Commission to the foregoing respective <br />allocations of the principal amount of the Bonds and further agrees and finds that <br />said allocation bears a reasonable relationship to the respective benefits received. <br /> <br />Nothing in this paragraph is intended or shall be interpreted to limit or alter the respective <br />percentage shares of the Member Cities or their respective allocations of debt service <br />obligations on the Bonds, as those may be determined in accordance with the Agreement <br />for 2003 or any subsequent year. <br /> <br />11. This Resolution, and the amendments made to the Agreement, shall be construed to <br />authorize the Commission to contract for and purchase real estate, as part of the Project. <br /> <br />The City officers are authorized to take such actions as may be necessary or desirable to <br />implement the approvals given in this Resolution, including (a) the execution on behalf of <br />the City of an amendment to or an amendment and restatement of the Agreement <br />substantially reflecting the amendments thereto approved hereinabove and (b), upon <br />request, providing to the Commission or bond counsel for the Bonds certifications of this <br />Resolution or certifications of facts and circumstances of the City as may be pertinent in <br />connection with the issuance of the Bonds. This Resolution shall be effective <br />immediately. <br /> <br />Passed and adopted this .J.!i!:: day of ~ A{ ~ /f <br /> <br />12. <br /> <br />. 2002. <br /> <br />CITY OF CENTERVILLE, MINNESOTA <br /> <br />By: <br />Its: J' <br /> <br /> <br />ATTEST: <br /> <br />C--------V~A)~ <br /> <br />----- <br /> <br />/1 <br />< ~t<,,~. moved the adoption of the foregoing Resolution, and <br />Councilmember duly seconded that motion. Upon a vote being taken <br />thereon th~ members of the Council voted in favor thereof: <br />7t1~ :~) kn~Jl~~ ~I ~~/ ~~.iv,.y-- ~J <br />~ (/ J~ / <br />and the following voted against the same: 1/ ~ <br /> <br />~/nu <br />Whereupon said Resolution was declared duly passed and adopted. <br /> <br /> <br /> <br />----------------------------------------------------------------------------------------------------------------Page Break.------------------------------------------------------------------------------------------------------------- <br />