09-80 Agreement w/ Court Club Lakewood Assoc

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The Issuer shall not have any financial responsibility with respect to the Bonds or the Project except from "revenues" (as defined in Section 165~01, Ohio Revised Code) derived by the Issuer with respect to the Bonds and the Project. 2. Upon receipt of a request from the Owner or its Designee, the Issuer will promptly issue the Bond(s) in the form of one or more bonds or notes as permitted under Section 165.01, Ohio Revised Code, matur- ing in such amounts and at such times, bearing interest at such rate or rates, payable on such dates and containing such optional and mandatory redemption and other features and prices as are requested by the Owner or its Designee, and will deliver the Bonds to the purchaser or purchasers thereof and cooperate to its fullest extent ~n consummating the transaction. 3. All wages paid to laborers and mechanics employed on the Project shall be paid at the prevailing rates of wages of laborers and mechanics for the class of work called for on the Project, which wages shall be determined in accordance with the requirements of Chapter 4115, Ohio Revised Code, for determination of prevailing wage rates; provided that if the Owner or its Designee undertakes, as part of the Project, construction to be performed by its regular bargaining unit employees who are covered under a collective bargaining agreement which was in existence prior to the date of this Agreement, then, in that event, the rate of pay provided under the applicable bargaining agreement may be paid to such employees. 4. in order to induce the Issuer to execute and deliver this Agreement and ultimately to issue the Bonds, the Owner hereby agrees to defend, indemnify and hold the Issuer and any and all officials thereof harmless against any and all loss, cost, expense, claims or actions arising out of or in connection with the execution of this Agreement and the prepara- tion of proceedings for, and the issuance, sale or delivery of, the Bonds. IN WITNESS WHEREOF, the Issuer, pursuant to an ordinance duly adopted on , 1980, by its City Council, has caused this Agreement to be executed by the Finance Director and'the Owner has caused it to be executed by and attested by all as of the day and year first above written° LAKEWOOD COURT CLUB ASSOCIATES CITY OF LAKEWOOD, OHIO ATTEST: ATTEST: -2-