Laserfiche WebLink
NOW. TI�REFORE. BE IT RESOLED THAT; <br />1. The portion of the Project to be located m the City (as described in the Notice of <br />Public Hearing published prior to the date of consideration of this resolution) is heteby appi'o�'cd <br />by the City and the issuance of the Notes by the City for such purpose (in the amount described <br />in the Notice of Public Hearing) and in an aggregate principal not to exceed ���&�•� is <br />hereby approved. <br />2. Obligations will be issued by thc City of Btainerd to financc the Project and the <br />Notes to be issued by the City of Braincrd to fiaat�ce the Project sha11 not constitute a charge. <br />lien. ot encumbrance. legal or equitable, upon any properiy of any othct city: and the Notes, <br />when. at5, and if issued. sha11 recite in substance that the Notes. including the interest thereon. are <br />payable solely from the revenues rcceived from the Project and the property pledged to the <br />payment thereof: and the Nvtes sha11 not constitute an oblibat�on of any other city and sha11 not <br />be secured by any ta�ng power of any other city. <br />3. The Borrower shall pay any and all costs incurred by the ettle.s w�ete the j.SS <br />facil�[ies are locatcd in connection with the portion of the Project located in those cities. whether <br />or not thc Project is approved. the Notes arc issued. or the Project is carried to completion. <br />4. All prior acil�ns taken by the City staff with respect to d�rectira� Kcnnedy & <br />Graven. Chartered to prepare the Notice of Public Hearing causing notice of the hearing �� be <br />given one publication in the official newspaper of City and a newspaper of general circulation <br />dti'ailxble in the City. not less than 14 days nor more than 30 days prior to the date f�xed for the <br />hcanng are hereby ratified, affirmed and approved. <br />„� �. ,�� , .'� <br />h ����.,,�, <br />B-2 <br />+i�evuh q i��u�nv_-Nnr.J � <br />Ob�bi n� n <br />