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Section 1. The foregoing recitals are true and correct. <br />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 <br />147(f) of the Code by the applicable elected representative of the governmental unit <br />having jurisdiction over the area in which the Project is located, in accordance with said <br />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. <br />The 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 <br />further 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 <br />hereby. <br />Section 6. This resolution shall take effect immediately upon its adoption. <br />ADOPTED this 1 gth day of December, 2017. <br />APPROVED AS TO FORM: <br />Sonia R. _Qarvako, City Attorney <br />M <br />Attorney <br />Resolution No. 2017-081 <br />Page 2 of 3 <br />