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_ _ . i . . <br />agreement (the "Financing Agreement") with the City providing <br />for the payment by the Borrowers of amounts sufficient to pay <br />when due the principal of and premium, if any, and interest on <br />the Bonds. The City shall have no financial responsibility with <br />respect to the Bonds or the Project except from the proceeds of <br />the Bonds or revenues produced pursuant to the Financing <br />Agreement. <br />3. The Borrowers agree that all laborers and <br />mechanics (if any) employed on the Project shall be paid as <br />provided in Section 165.031 of the Ohio Revised Code, so that <br />laborers and mechanics shall be paid at the prevailing rates of <br />wages determined in accordance with Chapter 4115, Ohio Revised <br />Code, by the Ohio Department of Industrial Relations (the <br />"Department"); provided that if the Borrowers or other non- public user beneficiaries of the Project undertake, as part of <br />the Project, construction to be performed by their regular <br />bargaining unit employees who are covered under a collective <br />bargaining agreement which was in existence prior to the date of <br />this Agreement, the rate of pay provided under such collective <br />bargaining agreement may be paid to such employees. The <br />Borrowers shall comply, and shall require compliance by all <br />contractors or subcontractors working on the Project, with all <br />applicable requirements of Sections 4115.03 through 4115.16 of <br />the Ohio Revised Code. Without limiting the generality of the <br />foregoing, if construction work is undertaken with respect to <br />the Project (1) the Borrowers shall obtain, or cause any <br />contractors and subcontractors working on construction work with <br />-3-