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That submission by City Staff to the Minnesota Department of Finance of an <br />application for allocation with respect to the Bonds is hereby approved. <br /> <br />4) <br /> <br />That the Borrower is hereby authorized to enter into such contracts, in its own <br />name and not as agent for the City, as may be necessary for the carrying out of <br />thc Project by any means available to it and in the manner it determines, without <br />advertisement for bids as may be required for the acquisition or construction of <br />municipai facilities, but the City shall not be liable on any such contracts. <br /> <br />5) <br /> <br />That the City reserves the right, in its sole discretion, to withdraw the approvals <br />given by this resolution and the preliminary approval of the Project, if given <br />after the public hearing at any time prior to the issuance and sale of the Bonds, <br />if the Council determines that it is in the best interests of the City to do so. <br /> <br />The moliort for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Pearson and upon vote being taken thereon, the following voted in favor <br />thereof: <br /> <br />Mayor Reimann <br />Councilmember Peterson <br />Cot.tnci Imember Pearson <br />(2,,~unci Imember DeLuca <br /> <br />and the ti>llowmg voted against the same: <br /> <br />and the tollowing abstained: <br /> <br />and the follow:ng were absent: <br /> <br />(2~ mnci[member Cich <br /> <br />whereupon said. resolution was declared duly passelcl and adopted by the Ramsey City <br />C°uncil °n thir:: the 22nd day °f May' 1990' /4j/ <br /> <br /> Mayor <br /> <br />City Administrator <br /> <br />Resolution #90-05-155 <br />Page 2 of 2 <br /> <br /> <br />