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0 <br />RESOLUTION <br />WHEREAS, the Council of the City of Charlottesville, <br />Virginia (the "Council"), has created the Industrial Development <br />Authority of the City of Charlottesville, Virginia <br />(the "Authority"), pursuant to the Virginia Industrial <br />Development and Revenue Bond Act to fulfill the purposes of <br />such Act; and <br />WHEREAS, the Ordinance adopted by the Council on <br />July 19, 1976, which created the Authority (the "Ordinance"), <br />provides that the Authority shall not finance any facility <br />• until the location and financing of such facility have been <br />approved by the Council; and <br />WHEREAS, Section 5 of the Ordinance sets forth certain <br />standards to be considered by the Authority and the <br />Council in determining the nature and location of facilities <br />to be financed by the Authority; and <br />WHEREAS, the Authority on December 19, 1979, <br />adopted an inducement resolution agreeing to assist Wilson and <br />Price, a Virginia partnership, in the financing of the <br />acquisition of a facility to be used for the storing, <br />warehousing, distributing, and selling of products of agriculture, <br />mining, and industry at retail located in the City of Charlottes- <br />ville, Virginia (the Project) by the issuance of the Authority's <br />