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financing thereof) to finance the entire cost of the Project upon agreement being reached as to the <br />ultimate details of the Project and its financing. <br />8. In anticipation of the final approval by the City of the issuance of the Revenue <br />Bonds to finance all or a portion of the Project, and in order that completion of the Project will <br />not be unduly delayed when approved, the Borrower is hereby authorized to make such <br />expenditures and advances toward payment of that portion of the costs of the Project to be <br />financed from the proceeds of the Revenue Bonds as Borrower considers necessary, including <br />the use of interim, short -term financing, subject to reimbursement from the proceeds of the <br />Revenue Bonds if and when delivered but otherwise without liability on the part of the City. <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF LITTLE <br />CANADA, MINNESOTA, THIS 9TH DAY OF JULY, 2002. <br />MAYOR <br />ATTEST: <br />City Administrator <br />I425528vl 4 <br />-7 <br />