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• RESOLUTION NO. 1847 <br /> PAGE FIVE <br /> 15. The City reserves the right to deny any application <br /> for any reason and to revoke approval of an <br /> application at any time before actual issuance of <br /> bonds or a loan without liability of the City, its <br /> councilmembers , officers , or agents to the applicant , <br /> the underwriter , attorneys, or other counsel <br /> associated with the project. The City ' s posiion is <br /> that no applicant has a right to have the City <br /> finance any such project and in submitting such an <br /> application , the applicant recognizes and accepts <br /> that policy decision whether or not these guidelines <br /> are followed in other respects. <br /> 16 . The City reserves the right to discontinue the <br /> financing at any time prior to actual issuance of the <br /> bonds or note ( s ) without any stated reason or <br /> justification to the applicant, in which event the <br /> applicant shall have no right to recover any alleged <br /> or actual damages from the City and no right to <br /> require the City to complete the financing . <br /> 17. The applicant shall have no right to assign any <br /> • asserted "right or privilege" under any preliminary <br /> action by the City, its council or administrative <br /> staff to any other person or firm. All applications <br /> will name the real parties in interest in the project <br /> including the principal stockholders , if a <br /> corporation. <br /> Adopted this 17th day of December, 1984 . <br /> ATTEST : LC11✓ <br /> May* . <br /> ( SEAL) <br /> Ole -t .ministratkei- <br /> 4-8 <br />