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FROM BAIGGS&MOBGAN (TUE) 12. 02' 97 13: 16/ST. 12: 18/NO. 3561674903 P 6/17 powers to pay any of the Bonds or the interest or premium thereon, or to enforce payment thereof against any property of the City except the interests of the City is the Loan Agreement which have been assigned to the Be n4 Trustee eerier the Indenture; the Bonds shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the City except the interests of the City in the Loaa Agreement which have been assigned to the Trustee under the Indenture; the Bonds shall recite that the Bonds do not constitute or give rise to a.pecuniazy liability or moral obligation of the City, the State of Minnesota or any of its political subdivisions, and that the Bonds, including interest thereon, are payable solely from the revenues pledged to the payment thereof; and the Bonds shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation. 5. Approval of Forms: Execution. The City's honniaa program for the Pra-iect is hereby approved. Subject to the approval of the City Attorney, and the provisions � of paragraph 9 hereof, the forma of the Bond Documents and exhibits rhoreto and all orh.ar :documents listed in paragraph 3 hereof are approved substantially in the form submitted. ,Subject to the provisions of paragraph 9 hereof, the Bond Documents, is substantially the forms submitted, are directed to be executed is the name and ea behalf of the City by the Mayor and Manager or. naminfatrator. Subject to the previsions of paragraph 9 hereof, the Bonds are to be executed in the name of and an behalf of the City by the Mayor and Manager or Administrator, and are to be delivered to the Trustee for authentication. and delivery to the Purchaser. Amy other City documents and. - certificates necessary to the transaction described above may be. executed by the appropriate City officers. Copies of all of the documents necessary to the transaction herein described shall be delivered, filed and recorded as provided herein and in the Loan Agreement and Indenture, 6. Pfficial Statement. The City hereby consents to the dated onoor�abouttDeeccember of the 1997, and Preliminary final Statement Statement (collectively, the "Official Statement ") to be used ere the. Purchaser in the eublic offering of the Ser3,es 1997A 9onds, The City has relied upon the Company and the Purchaser and legal counsel retained by them to assure the accuracy and completeness of the information apt forth in the official Statement and tt,.- refcre the City has not participated, and will not participate significantly, in the preparation of the Official Statement. The City has not made, and will not make, any independent investigation of the information contained therein, except under the hcndlego bead.a "TIDE CITY" r "TEE :BE'tin , and it assumes no responsibility for the accuracy or completeness of such information. The drafts A draft of the Preliminary Official Ctatemcnte Statement',.a on file with the City as of the date hereof are hereby dcoigneted -ae a "nee final" Officia3. Etntcment . The Cif' Administrator is hereby aathoriz®d and directed to deem the e 19726.2 Page 5