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<br />trustee for the purchasers of the Bonds) as to the maturities, <br />interest rates and other terms and provisions of the Bonds and as <br />to the covenants and other provisions of the necessary documents <br />and submit such documents to the city for final approval. <br /> <br />9. Nothing in this Resolution or the documents <br />prepared pursuant hereto shall authorize the expenditure of any <br />municipal funds on the Project other than the revenues derived <br />from the Project or otherwise granted to the city for this <br />purpose. The Bonds shall not constitute a charge, lien or encum- <br />brance, legal or equitable, upon any property or funds of the <br />city except the revenue and proceeds pledged to the payment <br />thereof, nor shall the City be subject to any liability thereon. <br />The holder of the Bonds shall never have the right to compel any <br />exercise of the taxing power of the City to pay the outstanding <br />principal on the Bonds or the interest thereon, or to enforce <br />payment thereon against any property of the City, except such <br />property as may be expressly pledged for the security of the <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 />10. 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 13th day of September , 1993. <br /> <br />247198 <br /> <br />5 <br />