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The execution of any instrument by the appropriate officer or officers of the City herein authorized shall be conclusive evidence of the approval of such documents in accordance with the terms hereof. In the absence or disability of the Mayor, any of the documents authorized by this Resolution to be executed may be executed by the acting Mayor, and in the absence or disability of the City Manager by the Assistant City Manager or Finance Director. 3. Official Statement. The 1997 Bonds will be offered for sale by the Purchaser to the public by means of a Preliminary Official Statement, a draft of which has been presented to this Council, and an Official Statement to be substantially in the form of the Preliminary Official Statement. The City hereby consents to the distribution of the Preliminary Official Statement and Official Statement to prospective purchasers of the 1997 Bonds. The City has not participated in the preparation of the Preliminary Official Statement and Official Statement, has made no independent investigation with respect to the information contained therein and assumes no responsibility for the accuracy or completeness of such information. 4. Letters of Credit. Pursuant to the Indenture, the payment of the principal of, purchase price and interest on the 1997 Bonds will be initially secured by a Letter of Credit issued by the West Allis Savings Bank and Standby Letter of Credit issued by the Federal Home Loan Bank of Chicago. The Trustee is authorized pursuant to the Indenture to accept such credit enhancement for the 1997 Bonds (and any Alternate Credit Facility hereinafter delivered by the Partnership to secure the 1997 Bonds pursuant to the provisions of the Indenture), but the City has not participated in the negotiation of the terms of any such credit enhancement and makes no representation as to the adequacy or sufficiency of such credit enhancement or the terms thereof. 5. The 1997 Bonds: Terms. Sale and Execution. 5.01. Authorization. The City hereby authorizes the issuance of the 1997 Bonds in a principal amount not to exceed $1,550,000, in the general form and upon the general terms set forth in the Loan Agreement, the Indenture and this Resolution. The Mayor and City Manager are authorized to approve the final terms and conditions of the 1997 Bonds; provided that the principal amount thereof shall not exceed $1,550,000 and the final maturity date shall not be later than September 1, 2027. Unless converted to a fixed rate as provided in the Indenture, the Bonds shall bear interest at a variable interest rate reset from time to time by the Remarketing Agent as provided in the Indenture; provided that the interest rate shall not at any time exceed 11% per annum. The 1997 Bonds shall be sold to the Purchaser pursuant to the Bond Purchase Agreement at a price not less than par, and the Partnership shall pay to the Purchaser an underwriting fee not in excess of $60,000.