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Section 3. The issuance of the Bonds shall be subject to the approval of the Authority of <br />all financing documents relating thereto to which the Authority is a party. The City shall have no <br />responsibility or liability whatsoever with respect to the Bonds. <br />Section 4. The adoption of this Resolution shall not obligate the City or any department <br />thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the <br />Project; (ii) approve any application or request for or take any other action in connection with any <br />planning approval, permit or other action necessary for the acquisition, construction, rehabilitation, <br />installation or operation of the Project; (iii) make any contribution or advance any funds <br />whatsoever to the Authority; or (iv) take any further action with respect to the Authority or its <br />membership therein. <br />Section 5. The officers of the City are hereby authorized and directed, jointly and severally, <br />to do any and all things and to execute and deliver any and all documents which they deem <br />necessary or advisable in order to carry out, give effect to and comply with the terms and intent of <br />this resolution and the financing transaction approved hereby. <br />Section 6. This resolution shall take effect immediately upon its adoption. <br />Introduced by Councilmember Lopez and passed and adopted this 71h day of February <br />2022, by the following vote: <br />Members of the Council: <br />AYES: Councilmembers Aguilar, Azevedo, Ballew, Cox, Lopez, Simon, Mayor Cutter (7) <br />NOES: None (0) <br />ABSENT: None <br />ATTEST: <br />�Lz xl��D <br />I. uel, City Cle tc' e <br />(0) <br />RESOLUTION NO. 2022-033 2 <br />