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Last modified
7/17/2007 9:19:43 AM
Creation date
4/25/2005 12:22:43 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
7779
Resolution Title
Final Note Resolution $3,750,000 Commercial Development Revenue Note of 1985, Series E (Oakcrest Office Plaza Project)
Resolution Date Passed
8/1/1985
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<br />ARTICLE FOUR <br /> <br />MISCELLANEOUS <br /> <br />4-1. Severability. <br /> <br />If any provision of this Resolution shall be held or <br />deemed to be or shall, in fact, be inoperative or unenforceable <br />as applied in any particular case in any jurisdiction or <br />jurisdictions or in all jurisdictions or in all cases because <br />it conflicts with any provisions of any constitution or statute <br />or rule or public policy, or for any other reason, such <br />circumstances shall not have the effect of rendering the <br />provision in question inoperative or unenforceable in any other <br />case or circumstance, or of rendering any other provision or <br />provisions herein contained invalid, inoperative, or <br />unenforceable to any extent whatever. The invalidity of any <br />one or more phrases, sentences, clauses or paragraphs in this <br />Resolution contained shall not affect the remaining portions of <br />this Resolution or any part thereof. <br /> <br />4-2. Authentication of Transcript. <br /> <br />The officers of the City are directed to' furnish to <br />Bond Counsel certified copies of this Resolution and all <br />documents referred to herein, and affidavits or certificates as <br />to all other matters which are reasonably necessary to evidence <br />the validity of the Note. All such certified copies, <br />certificates and affidavits, including any heretofore <br />furnished, shall constitute recitals of the City as to the <br />correctness of all statements contained therein. <br /> <br />4-3. Registration of Resolution. <br /> <br />The City Manager is authorized and directed to cause <br />a copy of this Resolution to be filed with the County Auditor <br />of Ramsey County, and to obtain from said County Auditor a <br />certificate that the ~ote as a bond of the City has been duly <br />entered upon his bond register. <br /> <br />4-4. Authorization to Execute Agreements. <br /> <br />The forms of the proposed Loan Agreement, the Pledge <br />Agreement, the Construction Loan Agreement, the Guaranty, the <br />Mortgage and the Assignment of Rents and Leases are hereby <br />approved in substantially the form heretofore presented to the <br />City Council, together with such additional details therein as <br /> <br />22 <br />
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