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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 in <br /> 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. 12 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 /> C:li' ‘- '\ Z, <br /> Cncilmember Ioducing Resolution <br /> PASSED AND APPROVED this 23rd day of April, 1997. <br /> 41'(ePt-ii-dia'4#7A. <br /> Council President <br /> -2- CMW2MN.DOC 97/04/21 <br />