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<br />524239v1 GAF CL162-55 2 <br />pursuant to the requirements of Section 147(f) of the Code and the regulations promulgated thereunder; <br />and (ii) approval of the issuance of the Note by the City of Columbia Heights to finance the Project; and <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO <br />LAKES, MINNESOTA, AS FOLLOWS: <br /> <br /> 1. The City Council finds that it is in the best interest of the City to approve the issuance of <br />the Note by the City of Columbia Heights to finance the Project and hereby consents to the issuance of <br />the Note by the City of Columbia Heights for the purposes set forth herein in an amount not to exceed <br />$3,800,000. <br /> <br /> 2. The Mayor and the City Administrator are hereby authorized and directed to execute and <br />deliver any documents or certificates deemed necessary to fulfill the intentions of this resolution. <br /> <br />3. The Mayor and City Administrator and other officers, employees, and agents of the City <br />are hereby authorized and directed to prepare and furnish to bond counsel and the original purchaser of <br />the Note certified copies of all proceedings and records of the City relating to the approval of the issuance <br />of the Note, including a certification of this resolution. <br /> <br /> 4. The Borrower will, upon demand, reimburse the City for costs paid or incurred by the <br />City in connection with this resolution. <br /> <br /> 5. This resolution shall be in full force and effect from and after its passage. <br /> <br /> <br /> Approved by the City Council of the City of Lino Lakes, Minnesota this 29th day of May, 2018. <br /> <br /> <br /> <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br /> <br /> <br />City Clerk