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4. Evans Park, Inc., the other Borrower, Dorsey & Whitney LLP, as bond counsel, <br />officers of the City, and other City representatives and officials, together with officers of the <br />other Joint Powers Jurisdiction, are also authorized to initiate the preparation of such loan <br />agreements, indentures and related documents as may be necessary or appropriate to the <br />financing and refinancing of the projects to be financed and refinanced from the proceeds of the <br />Bonds so that, when and if this Council gives its final approval thereto, such financing and <br />refinancing may be carried out expeditiously. <br /> <br /> 5. In no event shall the Bonds ever be payable from or charged upon any funds of <br />the City other than amounts payable under the revenue agreements which are to be pledged to the <br />payment thereof; no holder of the Bonds shall ever have the right to compel the exercise of the <br />taxing power of the City to pay the Bonds or the interest thereon, nor enforce the payment <br />thereof against any property of the City other than the City's interest in the Project facilities; the <br />Bonds shall not constitute a general or moral obligation of the City or a charge, lien or <br />encumbrance, legal or equitable, upon any property of the City; and the Bonds do not constitute <br />an indebtedness of the City within the meaning of any constitutional, statutory, or charter <br />limitation. <br /> <br />Adopted this 10 day of January ,20Q0. <br /> <br />-3- <br /> <br /> <br />