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RESOLUTION <br />OF THE COUNCIL OF THE <br />. CITY OF CHARLOTTESVILLE, VIRGINIA <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 (the <br />"Authority"), pursuant to the Virginia Industrial Development and <br />Revenue Bond Act to fulfill the purposes of such Act; and <br />WHEREAS, the Ordinance adopted by the Council on July 19, <br />1976, as amended on February 3, 1980, which created the Authority <br />(the "Ordinance"), provides that the Authority shall not finance <br />any facility until the location and financing of such facility <br />have been approved by the Council; and <br />t•7IiEREAS, Section 5 of the Ordinance sets forth certain <br />standards to be considered by the Authority and the Council in <br />determining the nature and location of facilities to be financed <br />by the Authority; and <br />WHEREAS, the Authority on November 15, 1983, adopted an <br />inducement resolution agreeing to assist University of Virginia <br />Health Services Foundation (the "Hospital") in the financing of <br />the acquisition and renovation of the Hospital's administration <br />building, the acquisition of certain real estate and the <br />construction and equipping of an ambulatory surgical facility <br />• located in the City of Charlottesville, Virginia (the "Project"), <br />by the issuance of the Authority's industrial development revenue <br />bonds in an amount estimated not to exceed $3,300,000; and <br />WHEREAS, preliminary plans for the Project and the financing <br />have been described to the Council in a presentation by <br />representatives of the Hospital; and <br />WHEREAS, the Project is located at 1400 Jefferson Park <br />Avenue, 1312 Lane Road, 337 15th Street, 15th Street Parking Lot <br />and 435 Monroe Lane in the City of Charlottesville, Virginia. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA: <br />1. it is hereby found and determined that the Project will <br />be in the public interest and will promote the safety, health, <br />welfare, convenience or prosperity of the City of <br />Charlottesville, Virginia, and its citizens. <br />2. The Council hereby approves the location and financing <br />of the Project. <br />3. It is hereby found and determined that the Project <br />meets the criteria set forth in Section 5 of the Ordinance. <br />• 4. This Resolution shall take effect immediately. <br />Approved by Council December 19, 1983 <br />Ctdrk <br />83-6-63 <br />