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Resolution 1125
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Resolution 1125
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Last modified
10/30/2019 12:07:49 PM
Creation date
10/29/2019 4:33:01 PM
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MV City Council
City Council Document Type
Resolutions
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Iw-.qu I " t I 1, 1. N�1. . I I -, " <br />4- <br />t 1 i;C2 t <br />t-liv Ount (A rmch irupro\,erz.unt w.111 tw gpoulally <br />v. uwvu -lint-0- LUJILtittOd propurt4v-s <br />6. Thia City will thkan im-rtgaqF revenue, note or <br />exc-MIA to iw aasurfied by a <br />3hVJD16tOrQ WitlJoUt <br />racourne to tho clity ilrid Which imPOReN tic' collee- <br />tion or onforrewient 61ilic I I <br />jmt�nns on the City and <br />Whic-h allMinaLeR dnY POssibility of the City or <br />itx officers being named as a party In any <br />11t.1-gation in thv ovont of default by the pri- <br />mary borrower or tenant of the promises. 7�he <br />C I *-',y Will nOt be Qb1i,gAL6d,to find another tenant <br />or buyer of thfj% fLafinchad preatirsen in the eAotnt <br />of default. <br />7. if, othe..: thin sophist'icated )-uyd <br />r, lion recourso <br />X-QK(-Lj4Yw rcvvj1uv nota -ar bond fi�&6cinq in to tie <br />uat.A, the "Ity will not cvj-IbjjLj favurably, pru- <br />PEN jectS, t/he financing fox which will be less than <br />$750,000. <br />H. The City will not favor tAx exempt financing for <br />retail or service e*tabllshments Or businesuen <br />or JnultifajAi'&y ljouijilly. <br />
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