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described herein. If the Council authorizes the City of Bethel to issue the Notes,the Notes will be issued as a <br /> conduit revenue bond of the City of Bethel secured solely by the revenues derived from the loan agreement to <br /> be executed by the Borrower and from other security provided by the Borrower. The Notes will not <br /> constitute a general or moral obligation of the City, will not be secured by or payable from any property or <br /> assets of the City, and will not be secured by any taxing power of the City. The Notes will not be subject to <br /> any debt limitation imposed on the City and the issuance of the Notes will not have any adverse impact on the <br /> credit rating of the City, even in the event that the Borrower encounters financial difficulties with respect to <br /> the Project. <br /> Please contact me if you have questions regarding the foregoing. <br /> Sincerely, <br /> Julie A.Eddington <br /> Error!Unknown document property name. <br />