Laserfiche WebLink
approval of the issuance of the Bonds by the Authority, for the purposes of <br />(a) Section 147(f) of the Code by the applicable elected representative of the <br />governmental unit having jurisdiction over the area in which the Project is located, in <br />accordance with said Section 147(f) and (b) Section 4 of the Agreement. <br />Section 3. The issuance of the Bonds shall be subject to the approval of the <br />Authority of all financing documents relating thereto to which the Authority is a party. The <br />City shall have no responsibility or liability whatsoever with respect to the Bonds. <br />Section 4. The adoption of this Resolution shall not obligate the City or any <br />department thereof to (i) provide any financing to acquire or construct the Project or any <br />refinancing of the Project; (ii) approve any application or request for or take any other <br />action in connection with any planning approval, permit or other action necessary for the <br />acquisition, construction, rehabilitation, installation or operation of the Project; (iii) make <br />any contribution or advance any funds whatsoever to the Authority; or (iv) take any further <br />action with respect to the Authority or its membership therein. <br />Section 5. The officers of the City are hereby authorized and directed, jointly and <br />severally, to do any and all things and to execute and deliver any and all documents, <br />which they deem necessary or advisable in order to carry out, give effect to and comply <br />with the terms and intent of this resolution and the financing transaction approved hereby. <br />Section 6. This resolution shall take effect immediately upon its adoption. <br />ATTY/RESO.0150/CC RESO APPROVING BOND ISSUANCE <br />REV: 12-14-2020 SK <br />Page 2 of 2 <br />RESO. NO. 15927 <br />MUFF NO. 454 <br />