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3. The Project is hereby given preliminary approval by <br />the City subject to later preliminary approval by this City <br />Council after a hearing on the Project and further subject to <br />the approval of the Project by the Commissioner, and further <br />subject to final approval by this Council, the Company, and the <br />purchaser of the Revenue Bonds as to the ultimate details of <br />the financing of the Project. <br />4. The Company has agreed and it is hereby determined <br />that any and all costs incurred by the City in connection with <br />the financing of the Project, whether or not the Project is <br />carried to completion and whether or not approved by the <br />Commissioner, will be paid by the Company. <br />5. Briggs and Morgan, Professional Association, acting as <br />bond counsel and City Attorney, and the Company and its counsel <br />are authorized to assist in the preparation and review of <br />necessary documents relating to the application for an <br />allocation of authority to issue private activity bonds for the <br />Project, and to submit such documents to the Mayor or <br />Clerk-Administrator or both for its submission to the <br />Commissioner. <br />6. The Mayor or City Clerk-Administrator or both are <br />hereby authorized and directed to submit to the Commissioner an <br />application for an allocation of authority to issue private <br />activity bonds. The City shall provide the application deposit <br />required for such application, but solely from moneys given to <br />the City. in advance by the Company. <br />7. Nothing in this resolution or in the documents pre- <br />pared pursuant hereto shall authorize the expenditure of any <br />municipal funds on the Project other than the revenues derived <br />from .the Project or otherwise granted to the City for this <br />purpose. <br />8. In anticipation of the approval by the Commissioner <br />and the. issuance of the Revenue Bonds to finance all or a <br />portion of the Project, and in anticipation that the City will <br />procure and devote to the Revenue Bonds an adequate allocation <br />of authority to issue private activity bonds (which allocation <br />is not made hereby), and in order that completion of the <br />Project will not be unduly delayed when approved, the Company <br />is hereby authorized to make such expenditures and advances <br />toward payment of that portion of the costs of the Project to <br />