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SECTION 3, The Bonds shall not constitute a debt, liability or obligation of the County or , pledge of the faith and credit of the County, and the County will not be liable on the Bonds, nor will the Bonds be payable out ofany funds other than those pledged and assigned under the Indenture and the Loan Agreement, pursuant to the terms of which Florida Housing issues the Bonds. SECTION 4. It is expressly stated and agreed that the adoption of this Resolution is not a guaranty, express or implied, that Florida Housing will approve the issuance of the Bonds for the Project. The Developer shall hold the County, the Board and its past, present and future members, officers, staff. attorneys, financial advisors and employees harmless from any liability or claim based upon the failure of Florida Housing to close the transaction and issue the Bonds or any other cause of action arising from the adoption of this Resolution, the processing of the bond volume allocation request for the Project, or the issuance of the Bonds. The Developer recognizes that the County's Bond Counsel, Bryant, Miller and Olive, P.A., is assisting the County in this matter and that any fees and expenses incurred by such counsel shall be paid by the Developer, and that the Developer shall hold the County harmless from any such fees and expenses. SECTION 5. The approval given herein is solely for the purpose of satisfying the requirements of Section 147(f) of the Code and shall not be construed as an approval of any necessary rezoning application or any regulatory permits required in connection with the issuance of the Bonds or the construction of the Project, and this Board shall not be construed by virtue of its adoption of this Resolution to have waived, or be estopped from asserting, any rights or responsibilities it may have in that regard. SECTION 6. The Board hereby authorizes staff to assist the Developer in negotiating and preparing a plan for financing the Project with Florida Housing, which plan shall specifically include the interlocal agreement herein approved by the County as a precondition to the issuance of the Bonds by Florida Housing using any bond volume allocation obtained by the County on behalf of the Developer. The County Administrator, or his designated representative, is hereby authorized to apply and to reapply, as the case may be, on behalf of the Developer to the State of Florida Division of Bond Finance for bond volume allocation in an amount not to exceed S 1,500,000 for calendar year 2001 and 2002. SECTION 7. All resolutions and orders orparts thereof, of the Board in conflict herewith are, to the extent of such conflict, hereby modified to the extent of such conflict. APRIL lo, zoos B 17 P6 8 4 41 -49-