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Section 1. The foregoing resolutions 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: <br />(a) Section 147(f) of the Code by the applicable elected representative of a <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. <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 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 <br />execute and deliver any and all documents which they deem necessary or advisable in <br />order to carry out, give effect to and comply with the terms and intent of this resolution <br />and the financing transaction approved 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. Carvalho. <br />City AttoMgy <br />By: <br />Ryan <br />Attorney <br />Resolution No. 2017-088 <br />Page 2 of 3 <br />