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155 <br /> <br /> 4. Region Ten is also hereby authorized to effect (1) <br />a loan from the Department of Housing and Community <br />Development in the principal amount not to exceed <br />$103,000.00, upon such terms and conditions as the Board of <br />Directors agree to be in the best interest of Region Ten, and <br />(2) the assumption of the indebtedness secured by (a) a deed <br />of trust, dated February 9, 1983, to Lloyd T. Smith, Jr. and <br />M. E. Gibson, Jr., Trustees to secure the original principal <br />amount of $25,000.00 owing to Guaranty Savings & Loan <br />Association of record in the Clerk's Office of the Circuit <br />Court of the City of Charlottesville (the Clerk's Office) in <br />Deed Book-435, page 578 (the Guaranty Deed of Trust), and (b) <br />a deed of truSt, dated February 9, 1983, to Ronald R. Tweel <br />and John V. Little, Trustees to secure the original principal <br />amount of $20,000.00 owing to the Charlottesville <br />Redevelopment and Housing Authority of record in the Clerk's <br />Office in Deed Book 435, page 583 (the CRHA Deed of Trust). <br />Guaranty Deed of Trust and the CHRA Deed of Trust. The <br />Executive Director of Region Ten is hereby authorized to <br />execute on behalf of Region Ten any such loan documents, <br />including, without limitation, a note and deed of trust <br />creating a lien against the Properties to secure the note to <br />the Department of Housing and Community Development, in order <br />to consummate the procuring of the loan from the Department <br />of Housing and Con~aunity Development and the assumption of <br />the indebtedness secured by the Guaranty Deed of Trust and <br />the CHRA Deed of Trust. <br /> <br /> 5. Each officer, official and employee of the City of <br />Charlottesville and Region Ten is authorized to execute and <br />deliver on behalf of the City and Region Ten such <br />instruments, documents or certificates, and to do and perform <br />such things and acts, as they shall deem necessary, <br />appropriate to carry out the transaCtions authorized by the <br />resolution or such instruments, documents or certificates; <br />and all of the foregoing Previously being done or performed <br />by such officers, officials and employees of the City and <br />Region Ten are in all respects approved, ratified and <br />confirmed. <br /> <br /> 6. Notwithstanding any language contained herein which <br />might appear to the contrary, nothing in this resolution <br />shall obligate the City of Charlottesville to grant or loan <br />money to any of the parties or entities involved in this <br />project in any amount or for any reason. <br /> <br />~UBLIC <br /> <br />7. This resolution shall take effect immediately. <br /> <br />There were no matters by the public. <br /> <br />OTHER BUSINESS <br /> <br /> On motion by Mr. Towe, seconded by Mr. Vandever, Council <br /> unanimously voted to meet in executive session to the <br /> employee personnel matters and appointing members to boards <br /> or agencies and for the purpose of consultation with legal <br /> coUnsel concerning matters pertaining to actual or probable <br /> litigation or other matters requiring legal advice, and more <br /> specifically described as an item related~to extension or <br /> cancellation of certain contracts as authorized by Section <br /> 2.1-344(a)(1) and (7) of the Virginia Freedom of Information <br /> Act. <br /> <br /> Council reconvened in open 'session and, on motion by <br />Rev. Edwards, seconded by Mr. Vandever, unanimously certified <br />that, to the best of each member's knowledge, (i) only public <br />business matters lawfully exempted from open meeting <br />requirements by Virginia law were discussed in the executive <br />meeting to which this certification resolution applies, and <br />(ii) only such public business matters as were identified in <br />the motion convening the executive meeting were heard, <br /> <br /> <br />