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CC RES 06-096 RESOLUTION AUTHORIZING THE SALE AND ISSUANCE OF VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE BONDS (THE LANDINGS AT SILVER LAKE VILLAGE PROJECT), SERIES 2007; ESTABLISHING THE SECURITY THEREFOR AND AUTHORIZING THE EXECUTION OF DOCUMENTS
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CC RES 06-096 RESOLUTION AUTHORIZING THE SALE AND ISSUANCE OF VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE BONDS (THE LANDINGS AT SILVER LAKE VILLAGE PROJECT), SERIES 2007; ESTABLISHING THE SECURITY THEREFOR AND AUTHORIZING THE EXECUTION OF DOCUMENTS
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RES 2006
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CC RES 06-096 RESOLUTION AUTHORIZING THE SALE AND ISSUANCE OF VARIABLE RATE DEMAND MULTIFAMILY HOUSING REVENUE BONDS (THE LANDINGS AT SILVER LAKE VILLAGE PROJECT), SERIES 2007; ESTABLISHING THE SECURITY THEREFOR AND AUTHORIZING THE EXECUTION OF DOCUMENTS
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• marketability of the Bonds as such facts appear from the books and records in the officers' <br /> custody and control or as otherwise known to them; and all such certified copies, certificates and <br /> affidavits, including any heretofore furnished, shall constitute representations of the City as to <br /> the truth of all statements of fact contained therein. <br /> Section 8. Limitations of the City's Obligations. Notwithstanding anything contained in <br /> the Bonds or the Documents,the Bonds shall not constitute a debt of the City within the meaning <br /> of any constitutional or statutory limitation, and shall not be payable from nor shall constitute a <br /> charge, lien or encumbrance, legal or equitable, upon any funds or any property of the City other <br /> than the revenues specifically pledged to the payment thereof pursuant to the Documents, and no <br /> holder of the Bonds shall ever have the right to compel any exercise of the taxing power of the <br /> City to pay the Bonds or the premium, if any, or interest thereon, or to enforce payment thereof <br /> against any property of the City other than those rights and interests of the City which have been <br /> pledged to the payment thereof pursuant to the Documents. The agreement of the City to <br /> perform the covenants and other provisions contained in this resolution or the Bonds or the <br /> Documents shall be subject at all times to the availability of the revenues furnished by the <br /> Borrower sufficient to pay all costs of such performance or the enforcement thereof, and the City <br /> shall not be subject to any personal or pecuniary liability thereon. <br /> Adopted this 11th day of December, 2006. <br /> • <br /> Mayor <br /> Attest: <br /> City Clerk <br /> Reviewed for Administration: <br /> City Mana er <br />
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