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Resolution No. 2025-XXX <br />Page 2 of 3 <br />Section 3. The issuance of the Bonds shall be subject to the approval of the <br />Authority of all financing documents relating thereto to which the Authority is a party. <br />Neither the City, official, officer nor any department thereof shall have any responsibili ty <br />or liability whatsoever with respect to the Bonds or the Project. <br />Section 4. The adoption of this Resolution shall not obligate the City, official, <br />officer, or any department thereof to (i) provide any financing with respect to the Project; <br />(ii)approve any application or request for or take any other action in connection with any <br />planning approval, permit or other action necessary with respect to the Project; (iii) make <br />any contribution or advance any funds whatsoever to the Authority or the Borrowers; or <br />(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 <br />hereby authorized and directed, jointly and severally, to do any and all things and to <br />execute and deliver any and all documents which they deem necessary or advisable in <br />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.