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EXHIBIT 3 <br /> Section 3. The issuance of the Bonds shall be subject to approval of the Authority of all <br /> financing documents relating thereto to which the Authority is a party. The City shall have no <br /> responsibility or liability whatsoever with respect to repayment or administration of 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 with respect to the Project; (ii) approve any application or request <br /> for or take any other action in connection with any planning approval, permit or other action <br /> necessary with respect to 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 therein. <br /> Section 5. The City Manager and applicable Executive Directors of the City are hereby <br /> authorized and directed,jointly and severally, to do any and all things and to execute and deliver any <br /> and all documents that they deem necessary or advisable in order to carry out, give effect to and <br /> comply with the terms and intent of this resolution and the financing approved hereby. <br /> Section 6. This resolution shall take effect immediately upon adoption. <br /> ADOPTED this_ day of 12024. <br /> Valerie Amezcua <br /> Mayor <br /> APPROVED AS TO FORM: <br /> Sonia R. Carvalho <br /> City Attorney <br /> By: VLtw- 1Z <br /> Name: Matthew R. Cody, sq. <br /> Special Counsel to the City <br /> Best, Best, & Krieger <br /> AYES: Councilmembers <br /> NOES: Councilmembers <br /> ABSTAIN: Councilmembers <br /> NOT PRESENT: Councilmembers <br /> City Council 27 — 75 7/16/2024 <br />