Laserfiche WebLink
<br />Bonds. The Bonds shall recite in substance that Bonds, including <br />the interest thereon, are payable solely from the revenue and <br />proceeds pledged to the payment thereof. The Bonds shall not <br />constitute a debt of the City within the meaning of any <br />constitutional or statutory limitation. <br /> <br />9. In anticipation of the approval by all necessary <br />entities of the housing program and the issuance of the Bonds to <br />finance all or a portion of the Project, and in order that <br />completion of the project will not be unduly delayed when <br />approved, the Developer is hereby authorized to make such <br />expenditures and advances toward payment of that portion of the <br />costs of the Project to be financed from the proceeds of the <br />Bonds, as the Developer considers necessary, including the use of <br />interim, short-term financing, subject to reimbursement from the <br />proceeds of the Bonds if any when delivered but otherwise without <br />liability on the part of the city. <br /> <br />Adopted by the City council of the City of Roseville, <br />Minnesota this 26th day of July, 1993. <br /> <br />244231 <br /> <br />5 <br />