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SECTION VI. The economic development revenue bonds described herein shall be <br /> limited, special obligations payable solely from the funds provided therefor as described in the <br /> indenture authorizing said bonds and shall not constitute an indebtedness of the City or a loan of <br /> the credit thereof within the meaning of any constitutional or statutory provisions. The City is no <br /> way responsible for any payment obligation created by said bonds. This resolution does not <br /> constitute a binding obligation of the City to issue economic development revenue bonds, but <br /> instead, is a commitment by the City to proceed with negotiations for the financing described <br /> herein with the Applicant and is subject to the adoption of a bond ordinance by this Common <br /> Council in accordance with the provisions of the Act. <br /> SECTION VII. This resolution shall be in full force and effect from and after its <br /> adoption by the Common Council and approval by the Mayor. <br /> Member of the Common Council <br /> ekESENTED Filed in C' ; "Ace <br /> NOT APPROVED <br /> JUN 212017 <br /> ADOPTED <br /> KARE.;: _E-R <br /> I\11958764.2 CITYCLERi^', 's j3ENC,IN <br />