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RESOLUTION NO. 2025-150 2 <br />Section 2. The City Council hereby approves the issuance of the Bonds by the Authority. It is the <br />purpose and intent of the City Council that this resolution constitute approval of the issuance of <br />the Bonds by the Authority, for the purposes of (a) Section 147(f) of the Code by the applicable <br />elected representative of the governmental unit having jurisdiction over the area in which the <br />Project is located, in accordance with said Section 147(f) and (b) Section 4 of the Agreement. <br />Section 3. The issuance of the Bonds shall be subject to the approval of the Authority of all financing <br />documents relating thereto to which the Authority is a party. The City shall have no responsibility <br />or liability whatsoever with respect to the Bonds. <br />Section 4. The adoption of this Resolution shall not obligate the City or any department thereof to <br />(i) provide any financing to acquire or construct the Project or any refinancing of the Project; (ii) <br />approve any application or request for or take any other action in connection with any planning <br />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 whatsoever <br />to the Authority; or (iv) take any further action with respect to the Authority or its membership <br />therein. <br />Section 5. The officers of the City are hereby authorized and directed, jointly and severally, to do <br />any and all things and to execute and deliver any and all documents which they deem necessary or <br />advisable in order to carry out, give effect to and comply with the terms and intent of this resolution <br />and the financing transaction approved hereby. <br />Section 6. This resolution shall take effect immediately upon its adoption. <br />Introduced by Councilmember Azevedo and passed and adopted this 17th day of November 2025 <br />by the following vote: <br />AYES: Councilmember Aguilar, Azevedo, Boldt, Bowen, Simon, Viveros-Walton, and (7) <br />Mayor González <br />NOES: None (0) <br />ABSENT: None (0) <br /> <br />ATTEST: ______________________ <br /> Sarah K. Bunting <br /> Acting City Clerk <br /> <br /> <br />