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• 7 . Nothing in this resolution or in the documents prepared pursuant hereto shall authorize the expenditure of any municipal funds on the Project other than the revenues derived from the Project or otherwise granted to the City for this purpose . The Revenue Bonds shall not constitute a charge, lien or encumbrance , legal or equitable, upon any property or funds of the City except the revenue and proceeds pledged to the payment thereof , nor shall the City be subject to any liability thereon. The holder of the Revenue Bonds shall never have the right to compel any exercise of the taxing power of the City to pay the outstanding principal on the Revenue Bonds or the interest thereon, or to enforce payment thereof against any property of the City. The Revenue Bonds shall recite in substance that the Revenue Bonds , including interest thereon , are payable solely from the revenue and proceeds pledged to the payment thereof. The Revenue Bonds shall not constitute a debt of the City within the meaining of any constitutional or statutory limitation. 8 . In anticipation of the approval by the Commissioner of Energy , Planning and Development and the issuance of the Revenue Bonds to finance all or a portion of the Project , and in order that completion of the Project will not be unduly delayed when approved, the Company is hereby authorized at its risk to make such expenditures and advances toward payment of that portion of the costs of the Project to be financed from the proceeds of the Revenue Bonds as the Company con- siders necessary, including the use of interim, short-term financing • subject to reimbursement from the proceeds of the Revenue Bonds if and when delivered but otherwise without liability on the part of the City; 9 . The adoption of this Reoslution does not constitute a guarantee or a firm commitment that the City will issue the Revenue Bonds as requested by the Company. The City retains the right in its sole descrition to withdraw from participation and accordingly not issue the Revenue Bonds should the City at any time prior to the issuance thereof determine that it is in the best interests of the City not to issue the Revenue Bonds or should the parties to the transaction be unable to reach agreement as to the terms and conditions of any of the documents required for the transaction; and 10 . In accordance with Minnesota Statutes , Section 474 . 01 , Sub- division 7a, the Mayor is hereby authorized and directed to submit the proposal for the Project to the Commissioner of Energy , Planning and Development for approval of the Project. The Mayor , the Admin istrator-Clerk, the City Attorney and other officers , employees and agents of the City are hereby authorized to provide the Commissioner of Energy, Planning and Development with any preliminary information needed for this purpose, and the City Attorney is authorized to initiate and assist in the preparation of such documents as may be appropriate to the Project if it is approved by the Commissioner of Energy, Planning and Development. 111 4 .