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w <br /> Bonds. Neither the faith and credit nor any taxing power or revenues of the City shall ever be <br /> pledged to pay the principal of, premium, if any, or interest on the Bonds. <br /> Section 2. This resolution is intended solely to constitute approval of the issuance of <br /> the Bonds within the meaning of RCW 39.84.060 and RCW 39.84.100. This approval shall not <br /> in any way be deemed to be a review or final approval of any development permit for the Project <br /> which may be in process, or may be submitted at a future date. <br /> Section 3. Resolution No. 14 of the Board of Directors of the Development <br /> Corporation, a copy of which is attached hereto, identified as Exhibit A, and incorporated in full <br /> by this reference is hereby approved. <br /> Section 4. This resolution shall take effect immediately from and after its adoption. <br /> ouncilmember Introducing Resolution <br /> PASSED AND APPROVED this 24th day of November, 1999. <br /> Council P 44rent <br /> -2- P:\CMW\CMW49E 99/11/23 <br />