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. . . City out of other City funds, prior to the initial payment thereof (or within applicable time limits thereafter) the City has made or will have made a duly qualifying statement of its official intent to bond for such costs; otherwise, the proceeds of the Bonds are to be used for initial payment, and not for such reimbursement, of costs of the Improvements. 27. ~endment of Prior Resolution. FOllowing the adoption on August 16, 1993, of that certain resolution of the Council (the "Prior Resolution") initiating the process ~or the sale of the Bonds, the City determined that it was necessary to modify the maturity schedule for the Series 1993B Improvement Bonds (and, accordingly, of the Bonds as a whole) to better correspond to the anticipated receipt of certain assessment income related thereto. Said revised maturity schedule for the Bonds is hereby approved and ratified by the Council, and the Prior Resolution is hereby amended with the same force and effect as though the corrected maturity schedule for the Bonds had appeared therein at the time of its adoption. 28. Severabilitv. If any section, paragraph or prov~s~on of this Resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Resolution. 29. Headinqs. Headings in this Resolution are included for convenience of reference only and shall not limit or define the meaning of any provision hereof. Council. Adopted on September 7, 1993, by the Elk River City The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Scheel and upon a vote being taken thereon, the following voted in favor thereof: Mayor Duitsman, Councilmembers Holmgren and Scheel and the following voted against the same: None Whereupon said resolution was declared duly passed and adopted. 246005 25