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0 <br />industrial revenue bond or note in the amount of $1,200,000; and <br />WHEREAS, the Project and the financing have been <br />described to the Council and the presentation by a <br />representative of Wilson and Price; and <br />WHEREAS, the Project is located at the <br />intersection of Ridge and McIntire Road in the"City of <br />Charlottesville, Virginia. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF <br />THE CITY OF: -CHARLOTTESVILLE, VIRGINIA: <br />• 1. It is found and determined that the acquisition <br />of the Project will be in the public interest and will <br />promote the safety, health, welfare, convenience, or <br />prosperity of the City of Charlottesville, Virginia, and <br />its citizens. <br />2. The Council hereby approves the location and <br />financing of the Project. <br />3. It is hereby found and determined that the <br />Project meets the criteria set forth in Section 5 of the <br />ordinance. <br />• <br />4. This Resolution shall take effect immediately. <br />4 <br />