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incidental expenses on account of the issuance of the Bonds. The Bonds shall be lettered and <br /> numbered R-1 upward. The Bonds shall be special and limited obligations of the City, payable <br /> solely from the trust estate created and established under the Indenture(the"Trust Estate"), which <br /> Trust Estate shall consist of the funds and accounts created under the Indenture together with a <br /> pledge by the Redevelopment Commission of the Riverwalk Allocation Area TIF Revenues, <br /> subject to the terms and conditions of a Pledge Agreement between the Redevelopment <br /> Commission and the City (the "Pledge Agreement"), and, to the extent the Riverwalk Allocation <br /> Area TIF Revenues are insufficient for the payments of the principal of and interest due on the <br /> Bonds, a pledge by the Developer to pay such amounts (the "Minimum Taxpayer Payment") in <br /> order to make such principal and interest payments during such period as described in the <br /> Development Agreement and in a Taxpayer Agreement between the City, the Redevelopment <br /> Commission and the Developer (the "Taxpayer Agreement") and, in the event the Riverwalk <br /> Allocation Area TIF Revenues and the Minimum Taxpayer Payments are insufficient, from loan <br /> payments (each a"Loan Payment")made by the Developer under the Loan Agreement, and upon <br /> such terms and conditions as otherwise provided in the Financing Documents and this Ordinance. <br /> The Bonds and the interest thereon do not and shall never constitute an indebtedness of, or charge <br /> against the general credit of, or taxing power of the City, but shall be special and limited <br /> obligations of the City,payable solely from the Riverwalk Allocation Area TIF Revenues pursuant <br /> to the Pledge Agreement and, if necessary, the Minimum Taxpayer Payment as described in the <br /> Taxpayer Agreement and the Financing Documents and the Loan Payment as described in the <br /> Loan Agreement. <br /> The Mayor of the City(the"Mayor") and the Clerk(the"Clerk") are hereby authorized to <br /> approve with the advice of counsel, a Bond Purchase Agreement (the "Bond Purchase <br /> Agreement") with the Developer or the Developer's designee in a form and substance acceptable <br /> to the Mayor and the Clerk to provide for the sale of the Bonds. The Mayor and the Clerk are <br /> hereby authorized and directed to execute and deliver the Bond Purchase Agreement in a form and <br /> substance acceptable to them and consistent with the terms and conditions set forth in this <br /> Ordinance, with such acceptance of the form and substance thereof to be conclusively evidenced <br /> by their execution thereof. <br /> SECTION V. Execution and Delivery of Financing Documents. Each of the Mayor and <br /> the Clerk and any other officer of the City are authorized and directed to execute the Financing <br /> Documents, such other documents approved or authorized herein and any other document which <br /> may be necessary, appropriate or desirable to consummate the transaction contemplated by the <br /> Financing Documents, the Bond Purchase Agreement, and this Ordinance, and their execution is <br /> hereby confirmed on behalf of the City. The signatures of the Mayor, the Clerk and any other <br /> officer of the City on the Bonds which may be necessary or desirable to consummate the <br /> transaction, and their execution is hereby confirmed on behalf of the City. The signatures of the <br /> Mayor, the Clerk and any other officer of the City on the Bonds may be facsimile signatures or <br /> electronic signatures. The Mayor, the Clerk and any other officer of the City are authorized to <br /> arrange for the delivery of such Bonds to the purchaser thereof, payment for which will be made <br /> in the manner set forth in the Financing Documents. The Mayor, the Clerk and any other officer <br /> of the City may, by their execution of the Financing Documents requiring their signatures and <br /> imprinting of their facsimile signatures thereon, approve any and all such changes therein and also <br /> in those Financing Documents which do not require the signature of the Mayor, the Clerk or any <br /> other officer of the City without further approval of this Common Council or the Economic <br /> 4 <br />