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WHEREAS, it is intended that this resolution shall constitute the approval of the issuance of the <br />Bonds and the facilities required by Section 147(f) of the Code; <br />NOW THEREFORE, BE IT RESOLVED AND ORDERED by the City Council of the City as <br />follows: <br />1. The City Council hereby approves the issuance of the Bonds by the Authority for the <br />facilities to be financed and refinanced thereby. It is the purpose and intent of the City Council that this <br />resolution constitute approval of the Bonds for the purposes of Section 147(f) of the Code for the <br />facilities. The City does not bear any responsibility for the tax-exempt status of the Bonds, the debt <br />service on the Bonds or any other matter related to the Bonds. <br />2. The Mayor and the staff of the City are hereby authorized and directed, jointly and <br />severally, to do any and all things and to execute and deliver any and all documents which they deem <br />necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this <br />resolution and the financing transaction approved hereby. <br />3. This resolution shall take effect immediately upon its adoption. <br />PASSED AND ADOPTED by the City Council of the City of Roseville, Minnesota this 28th <br />day of July, 2008. <br />AYES: Roe, Pust, Willmus and Klausing <br />NOES: Ihlan <br />ABSENT: None <br />By: <br />C~~,~. ~~ <br />Christopher K. Miller, Acting City Manager <br />Page 4 of 5 <br />