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RESOLUTION OF CITY COUNCIL <br />OF THE CITY OF CHARLOTTESVILLE, VIRGINIA <br />WHEREAS, the Industrial Development Authority of the <br />City of Charlottesville, Virginia (the Authority), has consid- <br />ered the application of East Market Square, Ltd. (the Company) <br />for the issuance of the Authority's industrial development rev- <br />enue bonds in an amount not to exceed $525,000 (the Bonds) to <br />assist in the financing of the Company's acquisition, construc- <br />tion and equipping of a complex for studio office, warehouse <br />and multipurpose commercial uses (the Project) to be located on <br />the south side of East Market Street in the City of <br />Charlottesville, Virginia, and has held a public hearing there- <br />on on September 13, 1983; and <br />WHEREAS, the Authority has requested the City Council <br />(the Council) of the City of Charlottesville, Virginia (the <br />City), to approve the issuance of the Bonds to comply with Sec- <br />tion 103(k) of the Internal Revenue Code of 1954, as amended; <br />and <br />WHEREAS, a copy of the Authority's resolution approving <br />the issuance of the Bonds, subject to terms to be agreed upon, <br />a record of the public hearing and a "fiscal impact statement" <br />with respect to the Project have been filed with the Council; <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA: <br />