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Section 2. The City Council hereby approves the issuance of the Bonds by the <br /> Authority. It is the purpose and intent of the City Council that this resolution constitutes <br /> approval of the issuance of the Bonds by the Authority, for the purposes of(a)Section 147(f) <br /> of the Code by the applicable elected representative of the governmental unit having <br /> jurisdiction over the area in which the Project is located, in accordance with said Section <br /> 147(f) and (b) Section 4 of the Agreement. <br /> Section 3. The issuance of the Bonds shall be subject to approval of the Authority of <br /> all financing documents relating thereto to which the Authority is a party. The City shall have <br /> no responsibility or liability whatsoever with respect to repayment or administration of the <br /> Bonds. <br /> Section 4. The adoption of this Resolution shall not obligate the City or any <br /> department thereof to: (i) provide any financing with respect to the Project; (ii) approve any <br /> application or request for or take any other action in connection with any planning approval, <br /> permit or other action necessary with respect to the Project; (iii) make any contribution or <br /> advance any funds whatsoever to the Authority; or (iv) take any further action with respect <br /> to the Authority or its membership therein. <br /> Section 5. The City Manager and applicable Executive Directors of the City are <br /> hereby authorized and directed, jointly and severally, to do any and all things and to execute <br /> and deliver any and all documents that they deem necessary or advisable in order to carry <br /> out, give effect to and comply with the terms and intent of this resolution and the financing <br /> approved hereby. <br /> Section 6. This Resolution shall take effect immediately upon its adoption by <br /> the City Council and the City Clerk shall attest to and certify the vote adopting this <br /> Resolution. <br /> ADOPTED this 61" day of May, 2025. <br /> 4rie Amez a <br /> M r <br /> APPROVED AS TO FORM: <br /> Sonia R. Carvalho, CC' ttorney <br /> By.An rea Garcia-Miller <br /> Assistant City Attorney <br /> Resolution No. 2025-014 <br /> Page 2 of 3 <br />