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Section 4. The adoption of this Resolution shall not obligate the City or any <br />department thereof to: (i) provide any financing to acquire or construct the Project or <br />any refinancing of the Project; (ii) approve any application or request for or take any <br />other action in connection with any planning approval, permit or other action necessary <br />for the acquisition, rehabilitation or operation of the Project; (iii) make any contribution or <br />advance any funds whatsoever to the Authority; or (iv) take any further action with <br />respect to the Authority or its membership therein. <br />Section 5. The City Manager, the Director of Finance and Management <br />Services, the Clerk of the Council and all other proper officers and officials of the City, <br />are hereby authorized and directed, jointly and severally, to do any and all things and to <br />execute and deliver any and all documents that 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. The Clerk of the Council shall forward a certified copy of this <br />Resolution to the Authority in care of its counsel: <br />Harriet M. Welch, Esq. <br />Squire, Sanders & Dempsey, LLP <br />555 South Flower St., Suite 3100 <br />Los Angeles, CA 90071 -2300 <br />Section7. This Resolution shall take effect immediately upon its adoption by <br />the City Council, and the Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br />ADOPTED this day of , 2010. <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br />Laura Sheedy <br />Assistant City Attorney <br />Miguel A. Pulido <br />Mayor <br />Resolution No. 2010 -XXX <br />75C -5 Page 3 of 4 <br />