RM 08-04-60 - Laserfiche WebLink

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'Re� the volution No. `L3} Section 5. That if any Project Land is leased, instead of sold, by cal f ublic Agency, the reasonable and proper costs incurred from tim� to time by the Local Public Agency during the period of such lease, Whi and th e suc the and upo ect the vis pri. costs -are for the Local Public Agency's maintenance, management, administration during such period of Project Land so leased, may, to extent necessary, be paid from those lease proceeds referred to as i in Section 4 hereof which are deposited in the Project Temporary Repayment Fund, but from no other moneys therein. Section6. That Project Temporary Loan Notes issued pursuant to provisions of this Resolution shall, as to both the principal thereof the interest thereon, constitute an exclusive first lien and charge n the funds which, by the terms of this Resolution, comprise the Proj- Tei- n - -racy Loar. Repayment Fund after provision therefrom for only costs ;.mentioned in Section 5 hereof, which Fund, subject only to pro- as aforesaid, is hereby irrevocably pledged to the payment of the ipal of and interest on such Project Temporary Loan Notes. Section 7. That the is he eby authorized to file requisitions, together with necessary supporting do uments. with the Government, from time to time as Project Temporary or Project Capital Grant funds are required, requesting payments to be �nad.e on account of the Project Temporary Loan or the Project Capital Griot provided for in the said Contract for loan and grant, and to do and pe�form all other things and acts required to be done or performed in order to Obtain such payments. Section 8. That, when and as directed by further resolution or re4olutions, the proper officers of the Local .Public Agency shall prepare, cute, and deliver to the Government the Project Temporary Loan Notes he�eby authorized and shall accept payment therefor from the Government. 9 -