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<br />J <br /> <br />.j. <br /> <br />~ <br /> <br />10. In anticipation of the approval by MHFA, the making <br />of an allocation of bond authority, and the issuance of the Bonds <br />to finance all or a portion of the Project, and in order that <br />completion of the project will not be unduly delayed when approved, <br />the Developer is hereby authorized to make such expenditures and <br />advances toward payment of that portion of the costs of the Project <br />to be financed from the proceeds of the Bonds, as the Developer <br />considers necessary, including the use of interim, short-term <br />financing, subject to reimbursement from the proceeds of the Bonds <br />if any when delivered but otherwise without liability on the part <br />of the City. <br /> <br />Adopted by the City Council of the City of New Brighton, <br />Minnesota, this 12th day of April, 1988. <br /> <br />~~~ <br />Robert Ben , Mayor <br /> <br />ATTEST: <br /> <br />~,a~ <br /> <br />Margaret 'fgan, <br />Finance Director/City Clerk <br /> <br /> <br />(SEAL) <br /> <br />-5- <br />