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<br />6. Briggs and Morgan, Professional Association, acting as <br />bond counsel, are authorized to assist in the preparation and <br />review of rtecessary documents relating to the Project, to <br />consult with the City Attorney, Company and the purchaser of <br />the Note as to the maturities, interest rates and other terms <br />and provisions of the Note and as ~o the covenants and other <br />provisions of the necessary documents and to submit such <br />documents to the council for final approval; <br /> <br />7. Nothing in this resolution or in the documents pre- <br />pared pursuant hereto shall authorize the expenditure of any <br />lTIunicipal funds on the Project other than the revenues derived <br />from the Project or otherwise granted to the City for this <br />purpose. The Note shall not constitute a charge, lien or <br />encurr~rance, legal or equitable, upon any property or funds of <br />the City except the revenue and proceeds pledged to the payrl1ent <br />thereof, nor shall the City be subject to any liability <br />thereon. The holder of the Note shall never have the right to <br />compel any exercise of the taxing power of the City to pay the <br />outstanding principal on the Note or the interest thereon, or <br />to enforce payment thereof against any property of the City. <br />The Note shall recite in substance that the Note including <br />interest thereon, is payable solely from the revenue and <br />proceeds pledged to the payment thereof. The Note shall not <br />constitute a debt of the City within the meaning of any <br />constitutional or statutory limitation; <br /> <br />8. In anticipation of the approval by the Cownissioner <br />and the issuance of the Note to finance all or a portion of the <br />Project, and in order that completion of the Project will not <br />be unduly delayed when approved, Company is hereby authorized <br />to make such expenditures and advances toward payment of that <br />portion of the costs of the Project as Company considers <br />necessary, including the use of interim, short-term financing, <br />subject to reimbursement from the proceeds of the Note if and <br />when delivered but otherwise without liability on the part of <br />the City; <br /> <br />Adopted by the City Council of the city of Roseville, <br />1'1innesota, this 24th day of May , 1982. <br /> <br />, <br />I. <br />/vC11. _+MlL,/~ <br />/' <br /> <br /> <br />Ivlayor <br /> <br />~est: <br />~ /, <br />,/ ,," <br />" ) ...- (. .. ;7 <br />v~j, )(7wi~"- <br /> <br />,-y Cl ty Manager <br />