Resolution 2203 - Laserfiche WebLink

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. . ~ . by the purchasers of any obligations to be issued as to the ultimate details of the Project. 4. In accordance with Section 474.01, Subd. 7a, Minnesota Statutes, the Mayor, the City Clerk, and such other officers of the City as may from time to time be designated are hereby authorized and directed to submit the proposal for the Project to the Commissioner of Securities and request his approval thereof, and the Mayor, the City Clerk, and other officers, employees and agents of the City are hereby authorized to provide the Commissioner with such preliminary information as he may require. The Company, Messrs. Faegre & Benson as bond counsel, the City Attorney, and other City officials are also authorized to initiate the preparation of proposed loan agreements and such other documents as may be necessary or appropriate to the Project so that, when and if the proposed Project is approved by the Commissioner and this Council gives its final approval thereto, the Project may be carried forward expeditiously. 5. The Company has agreed to pay any and all costs incurred by the City in connection with the Project whether or not the Project is approved by the Commissioner and whether or not the Project is carried to completion and to indemnify the City, its officers and employees from all liability which the City and any officers and employees may incur in connection with the Project or the issuance and sale of the obligations. 6. The Company is hereby authorized to enter into such contracts, in its own name and not as agent for the City, as may be necessary for the acquisition and construction of the Project by any means available to it and in the manner it determines without advertisement for bids as may be required for the acquisi- tion or construction of other municipal facilities, but the City shall not be liable on any such contracts. -3-