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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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Council Resolutions RE: TIF - File Cabinet 1
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Reso 4705
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Last modified
8/22/2023 4:55:47 PM
Creation date
10/7/2021 1:42:24 PM
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x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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(0 ,==� to, _ CITYofORONO <br /> \S. 0410 os/ RESOLUTION OF THE CITY COUNCIL <br /> i)// NO. 4705 <br /> 7. Execution and Delivery of Bond Documents. The Mayor,the City Clerk, <br /> the Finance Director and the City Administrator (or in their absence, the deputy or <br /> acting Mayor or City Clerk)are hereby authorized in their discretion at such time,if any, <br /> as they may deem appropriate,to execute and deliver the Bond Documents in the name <br /> and on behalf of the City. <br /> 8. Official Statement. The City hereby consents to the completion of the <br /> Official Statement and its circulation by the Underwriter in offering the Bonds for sale <br /> and the completion of a final form of the Official Statement to reflect the final terms of <br /> the Bonds and the foregoing described agreements;provided,however,that the City has <br /> not been requested to and has not participated in the preparation of the Official <br /> Statement or reviewed or verified the information in the Official Statement and takes no <br /> responsibility for and makes no representations or warranties as to, the accuracy, <br /> sufficiency or completeness of such information or the information to be included in the <br /> final form of the Official Statement. <br /> 9. Certificates,etc. The Mayor,the City Clerk,the Finance Director and the <br /> City Administrator(or in their absence the deputy or acting Mayor, City Clerk,Finance <br /> Director or City Administrator) are authorized in their discretion, at such time, if any, <br /> as they may deem appropriate,to prepare and furnish to bond counsel and the purchaser <br /> of the Bonds, when issued, certified copies of all proceedings and records of the City <br /> relating to the Bonds, and such other affidavits and certificates as may be required to <br /> show the facts appearing from the books and records in the officers' custody and control <br /> or as otherwise known to them; and all such certified copies, certificates and affidavits, <br /> including any heretofore furnished, shall constitute representations of the City as to the <br /> truth of all statements contained therein. <br /> 10. Nature of City's Obligations. No covenant, stipulation, obligation, <br /> representation, or agreement herein contained or contained in the Bonds or the Bond <br /> Documents shall be deemed to be a covenant, stipulation,obligation, representation, or <br /> agreement of any Council member, officer, agent, or employee of the City in that <br /> person's individual capacity, and neither the Council nor any officer or employee <br /> executing the Bonds or such documents shall be liable personally on the Bonds or be <br /> subject to any representation, personal liability or accountability by reason of the <br /> issuance thereof. No provision,representation, covenant or agreement contained in the <br /> Bonds or in any other document related to the Bonds,and no obligation therein or herein <br /> Page 4 of 6 <br />
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