5.2. SR 07-07-2008 - Laserfiche WebLink

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and at such high casts of ba~TO~ing ~~~ the canon~~c fea~~~~~t of aerat~r~g ~~~c rod ec~ ~auld ~e ~gn~~~an~l~r reduced; ~~} a ~u~~~c af~c~ai of the ~t~ ~~as either a d~r~ct ar indirect ~nancia~ interest ~ the 'raj cct nar ~riil and public official either directly ar ind~rectl~ henet nanc~aiy f~an~ the P~•a~ cct, N, T~~~F~E, BE TT R~L~ by the ~~ty aunc~l of tic its of ~~ fiver, ~in~~esata, as falla~v; ~. The aunci~ ~~ereb~ ~nd~cates its prelin~inar~ intent to undertake the Pra~ect p~~~•suant to the pct and to issue tl~e revenue and zn the appra.i~ate principal an~aunt of ~,~aQ,aaa pursuant to tl~e pct to '~na~ce t~~e ~ra~ect. ?, ~ the basis of infarn~at~an available to the auncil ~~ appear, a~~d tine ounci~ l~~reb~ ~~nds, that t~~e fa~ect ~anst~tutes prape~ties, real and personal, used or use.~l ~. ca~u~ectian v~rith a~~c ar mare reven~.c praducing enterprises within tl~e meaning of ubd~v~ian ?~a~ of ectian ~~. ~ S of the pct; teat the ~ra~ect f~~rthers the p~~rposes stated in ~itn~esata tatu~es, ectian ~9. ~ ? ~ ~~~~ the availability of ~~~~ financing under ~~. .ct and ~vill~ng~aess of tl~e ~~~ to furnish such fia~ci~g ~~~ be a substantial inducement to the a~~any to undertake tl~c raj ec~, and that ~~~ effect of the Pray ect, ~~ undertal~en, ~~~ be to encaurage tl~e develapn~ent of canan~ically sound i~~dustry aid can~n~erce~ to assist in tl~e prevention of the emergence of blighted and marginal land, to help prevent cl~rai unen~plan~e~.t, to help the ~~~ retain a~~d in~prave the ~~ base a~~d to provide the range of service and en~playent opportunities required by the population, to help prevent tl~e n~aven~ent of talented and educated persons out of the tats and to areas ~vitlain tl~e state where their services ~. not be as effectively used, to prc~n~ate mare intensive develapn~ent and use of land within the pity and e~ventuall~r to increase the tai base of ~~~~ co~x~n~unity. Tl~e issuance of the ~.evenue ~a~d by the ~~~ i subject ta, an~o~~ other ~i~i~~~s, ~a} the balding of a public hearing a~~ tl~e prapasal, ~~} the approval afthe ~ra~ect ~ the pity and the i~n~esata ~e~artn~ent of ~n~play~nent and ~canan~ic ~evelapn~ent, ~c~ re~riev~ and approval o~ the pra~ased Project ~ fond ~aunsel, ~d~ final appravat b this auncil, tl~e an~pany, and the purchaser of the revenue Bands as to the ultimate details of the financing of the Pra~ect and ~~~ receipt of federal bonding allacatian far the eve~ue hands, ~. The ampany has agreed and ~~ is hereby dctern~ined ghat any and all casts i~~c~~~-red by the ~~~, including all Fees required by the pity's administrative policies, in a~~nectian ~~~~ the financing of the ~ra~ect rl~ether or not the ~raject ~ car,~ied to carnpietian and ~vhether or not approved by the pity will be paid. by an~pan3r, , ~atl~ing in this resolution ar i~ the dacun~ents prepared pursuant hereto shall autharie the epeuditure of any municipal fends an the Pra~ect other than the revenues derived franc the Project ar atl~er~~rise granted to tl~e ~~~~ for this ~t~rpase. The revenue Ba~~ds shall not constitute a ~hargc, lien ar encumbrance, legal ar equitable, upon any property ar funds of tl~e pity except the revenue and proceeds pledged to tl~e payment thereat', nor shall the ~~ be subject to any liability thereon. Tl~e holder of the revenue fonds shall never have tl~c ri~l~t to ~ ~~~~~W~