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7.C. - Page 45 of 54 <br />2020. <br />appropriations limit for the CFD in the amount of $25,000,000; and <br />(iii) issue bonds and incur other debt ("bonds") for the CFD in the <br />maximum aggregate principal amount of $25,000,000 with interest <br />at a rate or rates not to exceed the maximum interest rate <br />permitted by law at the time of sale of such bonds on behalf of the <br />CFD, the proceeds of which bonds will be used to acquire and/or <br />construct certain facilities, reimburse certain costs of the facilities <br />paid prior to the date of issuance of the bonds, and pay for the <br />costs of issuing the bonds and related expenses? <br />IN WITNESS WHEREOF, I HAVE HEREUNTO SET MY HAND this day of <br />ma <br />City Clerk <br />ATTY/RESO.0134/CC RESO DECLARING RESULTS OF SPECIAL ELECTIONS IN RWC CFD SEAPORT <br />REV: 11-13-2020 MI <br />Page 4 of 4 <br />607 <br />