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06-20-2022 Council Packet
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06-20-2022 Council Packet
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73850847v2 <br /> <br /> <br />14 <br /> <br />persons or circumstances other than those as to whom it shall be held invalid or unenforceable <br />shall not be affected thereby, and this Agreement and all the terms, provisions and conditions <br />hereof shall, in all other respects, continue to be effective and to be complied with to the full extent <br />permitted by law. <br />Section 7.09. No Joint Venture. The relationship between the Lender and Borrower is <br />solely that of lender and borrower and is not, nor shall it be deemed to create, a partnership or joint <br />venture in the Project. <br />Section 7.10. Limitation on City Liability. No provisions contained in this Agreement <br />nor any agreement, covenant or undertaking by the City contained in any document executed by <br />the City in connection with the Project shall give rise to any pecuniary liability of the City or <br />charge against its general credit or taxing powers or shall obligate the City financially in any way <br />except with respect to the funding of the TIF Loan Proceeds. <br /> <br />(Signature pages follow.)
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