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.Be it furtherresolved that the Borrower is hereby authorized.to enter. into such contracts, in. their own. names and not as agents for the City; asmay b6tikessary for the Transaction by anymeans: available,tothem•and i.n1he manner they determine i %vithottt:advertisement:.for bids,: but the City shall .not be liable on any such contracts, that.in no event shall the Series 1998 Notes ever be payable from or chai`ged upon any funds of the City. *other than amounts payable under the revenue agreement which are - to be pledged to the payment theeeof;:that no.holder of the Series 1998.96tes slialI ever have the right to compel the exercise of taxing power of the -City to. pay the Series 1998 Notes or the. -interest thereon, nor to enforce the payment thereof agafnst any property of the City .other than the City's interest in the Project facilities; that the. Series 1998. Notes shall not constitute a charge, lien. or encumbrance, legal or equitable, upon any property of the City., aod.that. the Series 1998 Notes do not. constitute; air indebtedness of the Citv within the meaning of any constitutional, statutory; queharter.limitation. Be it further resolved.that this apptaval.oftht,City.Council is: given for:purposes of the Act and Sectton*147(f)vf the Internal Revenue. Code .of 1986. The. foregoing Resolution No..98-bS was offered by Council.Membgr _ l�o and was. supported 1iy C nCii Membtrr Kunin .and was declared carried on the following vote: AYES NAYS ABSTENTIONS TI ck 990 Clare %ielseit JR. oloondB rkebak Cowlance- 9(unin 'Paul emooff 1, the titidersigned, being the. duly qualified and appointed-Cleek:gf jhe-dty oftem.Lake, Ramsoy County, Minnesota; do Hereby certify that I: have carefully compared the attached and. foregping extract of triilnutes, of a regular -meeting of the Council. of the City'of Gem lake. ATTEST: 15.J.une 1998 Frederic C.. Magnuson, City. Clerk e-file: resoluteVl9981no9845