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1.4. The undertaking of the proposed Projects and the issuance of the Revenue Bonds to finance the cost thereof will promote the public purposes and legislative objectives of the Act by providing substantial inducement for the Borrower to acquire and construct the Projects, and each of the Projects constitute a "project" within the meaning of the Act. 2. Manner of Exercisina Power. Minneapolis and each of the Cities has adopted or will adopt a resolution authorizing the joint issuance of the Revenue Bonds in an aggregate principal amount not in excess of $43,000,000, of which amount the maximum principal amount to be issued with respect to Minneapolis and each City and each Project shall be as shown in Schedule II. Minneapolis shall exercise the powers of the Act on behalf of itself and the Cities by adopting, approving and executing such resolutions, documents, and agreements as shall be necessary or convenient to authorize, issue and sell the Revenue Bonds and such other resolutions, documents and agreements as shall be necessary or required in connection with the issuance of the Revenue Bonds and giving effect to or carrying out the provisions of this Agreement and documents under which the Revenue Bonds are issued and/or secured. 3. Source and Contribution of Funds: Allocation Qf Funds. The source of funds for the Projects shall be the proceeds of the Revenue Bonds and, if necessary, a contribution to be made by the Borrower. The funds shall be deposited and applied as provided in an Indenture of Trust (the "Indenture") between Minneapolis and a bank as trustee. The Indenture shall provide for separate accounts in which the proceeds of the Bonds to be used to finance each of the Projects shall be deposited. The proceeds of the Revenue Bonds deposited in such accounts may be used only for the specified Project and may not be used or applied by the Trustee or the Borrower for any other Project. 4. Nature of Revenue Bonds. The Revenue Bonds shall be special, limited obligations of Minneapolis, payable solely from proceeds, revenues and other amounts pledged thereto and more fully described in the Indenture. The Revenue Bonds and the interest thereon shall neither constitute nor give rise to a pecuniary liability, general or moral obligation or a pledge of the full faith or loan of credit of Minneapolis or any of the Cities, within the meaning of any charter, Constitutional or statutory provisions. 5. Term of Aareement: Termination. Unless otherwise provided by concurrent action of Minneapolis and the Cities, this Agreement shall terminate upon the retirement or defeasance of the last outstanding Revenue Bond, and this Agreement may not be terminated in advance of such retirement or defeasance. -2-