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Section 8. Commitment Conditional. The adoption of this resolution does not constitute a <br />guarantee or a firm commitment that the City will issue the Bonds as requested by the Borrower. If, as a <br />result of information made available to or obtained by the City during its review of the Project, it appears <br />that the Project or the issuance of Bonds to finance or refinance the costs thereof is not in the public interest <br />or is inconsistent with the purposes of the Act, the City reserves the right to decline to give final approval <br />to the issuance of the Bonds. The City also retains the right, in its sole discretion, to withdraw from <br />participation and accordingly not issue the Bonds should the City Council, at any time prior to the issuance <br />thereof, determine that it is in the best interests of the City not to issue the Bonds or should the parties to <br />the transaction be unable to reach agreement as to the terms and conditions of any of the documents for the <br />transaction. <br />Section 9. Effective Date. This Resolution shall be in full force and effect from and after its <br />passage. <br />November 24, 2025 <br />Date <br />ATTEST: <br />City Administrator <br />Mayor <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />whereupon said resolution was declared duly passed and adopted. <br />4939-0502-6935.2 4 <br />