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0 <br />RESOLUTION OF THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF CHARLOTTESVILLE, VIRGINIA <br />WHEREAS, the Industrial Development Authority of the City <br />of Charlottesville, Virginia, a political subdivision of the <br />Commonwealth of Virginia (the "Authority"), adopted an induce- <br />ment resolution (the "Inducement Resolution") for the benefit <br />of Automotive Parts Incorporated, a Virginia corporation (the <br />"Corporation"), at a meeting duly called and 'held on May 27, <br />1981, relating to the issuance by the Authority of its revenue <br />bonds in the amount of up to $200,000 to assist in the financing <br />of the acquisition, construction and equipping of an automotive <br />parts sales facility (the "Project"), in the City of Charlottesville, <br />Virginia; <br />WHEREAS, the Corporation has now determined that it is in <br />its best interests to change the location of the Project from <br />the original location described to the Authority at its May 27, <br />1981 meeting, which change in location will result in an increase <br />in the estimated cost of acquiring, constructing and equipping the <br />Project; <br />• WHEREAS, the Authority desires to evidence (a) its consent to <br />the new location for the Project in the City of Charlottesville, <br />Virginia, and (b) its desire to increase the amount of bonds <br />authorized by the Inducement Resolution. <br />11 <br />NOW, THEREFORE, BE IT RESOLVED BY THE INDUSTRIAL DEVELOPMENT <br />AUTHORITY OF THE CITY OF CHARLOTTESVILLE, VIRGINIA: <br />1. The Authority hereby consents to the change in the loca- <br />tion of the Project from 801 Harris Street, Charlottesville, <br />Virginia, to the Garrett Street Project area near the intersection <br />of Monticello Avenue and Garrett Street in Charlottesville, Virginia. <br />2. The Authority hereby amends the Inducement Resolution by <br />increasing the amount of bonds authorized thereunder from $200,000 <br />to $235,000. <br />3. Except as otherwise provided herein, the Inducement <br />Resolution is hereby ratified and confirmed in all respects. <br />4. This resolution shall take effect immediately. <br />Copy teste: <br />Clerk of Council <br />Adopted by Council <br />June 15, 1981 <br />