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. 1.4) It is proposed that: (01) The City will transfer possesslon of site of the fire station to Norwest under the terms of a Ground Lease between the City, as lessor and Norwest, as lessee (the "Ground Lease"); (02) Norwest will lease the land, building and other improvements that are the site of the fire station back to the City under the terms of the certain Lease and Purchase Option Agreement between Norwest, as lessor, and the City, as lessee (the "Lease and Purchaser option Agreement"). . 1.5) There are no actions, suits or proceedings pending, or, to the best of the knowledge of the members of this Council, threatened against the City, questioning the organization or boundaries of the City, or the right of any officer of the City to hold his or her office, or in any manner questioning the right and power of the city to execute and deliver the Ground Lease or the Lease and Purchase Option Agreement, or otherwise questioning the validity of either of such instruments, or questioning the appropriation of revenues for the payment of rentals and other obligations under the Lease and Purchase Option Agreement or which, if adversely determined, will have a materially adverse effect on the ability of the City to perform its obligations under the Ground Lease and the Lease and Purchase Option Agreement. 1.6) No approval, consent or withholding of objection is required from any governmental body or authority or any other person, firm or corporation with respect to the City entering into and performing the Ground Lease and the Lease and Purchase option Agreement. 1.7) Neither the execution and delivery of the Ground Lease or the Lease and Purchase Option Agreement, nor the performance by the city of its obligations under those instruments, will violate any judgment, order, law or regulation applicable to the City, or result in any breach of, or constitute a default under, or result in the creation of any lien, charge, security interest or other encumbrance upon any assets of the City under the provisions of any indenture, mortgage, deed of trust, bank loan or credit agreement or other instrument to which the City is a party by which it or its assets may be bound. section 2. Authorization to Execute, Deliver and Perform Documents. . 2.1) Documents. Copies of the proposed form of the Ground Lease and the Lease and Purchase Option Agreement have been prepared and presented to this Council, each of which are directed to be placed on file in the offices of the City Clerk. 3 .