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newspaper of general circulation of a notice setting forth, among other things, the time and place of the hearing; stating the general nature of the Program and an estimate of the principal amount of the Bonds or other obligations to be issued to finance the Project; and stating that all parties who appear at the public hearing shall have an opportunity to express their views with respect to the proposal. 2. The Borrower will be required to pay all the expenses of the City paid or incurred with respect to the Program, including attorneys’ fees, and to indemnify the City for any potential liability incurred by the City with respect to the Program. 3. The Program and the issuance of the Bonds by the Issuer tofinance the Project, are hereby approved, subject only to final approval and authorization by the Issuer of the Bonds, and agreement by the Issuer, Borrower and purchaser of the Bonds, as to the details of the Bonds and provisions for their payment. 4. In no event shall the Bonds ever be payable from or charged upon any funds of the City; no holder of the Bonds shall ever have the right to compel the exercise of the taxing power of the City to pay the Bonds or the interest thereon, nor enforce the payment thereof against any property of the City; the Bonds shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the City; and the Bonds do not constitute an indebtedness of the City within the meaning of any constitutional or statutorylimitation. 5. The City hereby approves the Program and approves, and thereby provides host approval to, the issuance of the Bonds by the Issuer, for purposes of Minnesota Statutes, Section 471.656, and in accordance with section 147(f) of the Internal Revenue Code of 1986, as amended, and regulations thereunder. 2