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funds other than the revenue pledged to the payment thereof; the City is not subject to any liability thereon; no holder of the Note shall ever have the right to compel any exercise of the taxing powers of the City to pay the Note or the interest thereon, nor to enforce payment thereof against any property of the City except the Project mortgaged by the Note; the Note shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the City except the Project; the Note shall recite that it is payable solely from the revenue pledged to the payment thereof; and the Note shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation. 3. The form of Loan Agreement, Assignment, Construc- tion Loan Agreement and Note referred to in paragraph 1 hereof are approved. Each such document, with such variations, insertions and additions as the City Attorney may hereafter deem appropriate, are directed to be executed in the name and on behalf of the City by the Mayor and City Administrator. In the absence or disability of the Mayor any of the documents authorized by this Council to be executed shall be executed by the Acting Mayor and in the absence of the City Administrator by an officer of the City who in the opinion of the City Attorney has authority to execute such documents. Copies of all of the documents shall be delivered, filed and recorded as provided therein. The form of Mortgage is also approved and the issuance of the Note is hereby conditioned upon execution and delivery of the Mortgage by the Partnership. 4. In anticipation of the collection of revenues of the Project, the City shall proceed forthwith to issue the Note in the principal amount of $400,000 to the Lender; which is hereby authorized to disburse the proceeds to the parties entitled thereto in payment of or reimbursement for costs of the Project in accordance with the terms of the Construction Loan Agreement and Loan Agreement. 5. The Mayor, City Administrator and other officers of the City are authorized and directed to prepare and furnish to the Lender and bond counsel certified copies of all proceed- ings and records of the City relating to the Note, and such other affidavits and certificates as may be required by bond counsel, and approved by the City Attorney, to show the facts relating to the legality and marketability of. the Note. Approved: ' P• � 'L� Mayor At to s t : (Ra,vpW P City Administrator