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• BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA: <br />1. The Council approves the issuance of the Bonds by the <br />Authority for the benefit of the Applicant, as required by <br />Section 103(k) of the Code and Section 15.1-1378.1 of the Act, to <br />permit the Authority to assist in the financing of the Project. <br />2. It is hereby found and determined that the Project <br />meets the criteria set forth in Section 5 of the Ordinance. <br />3. The approval of the issuance of the Bonds, as required <br />by Section 103(k) of the Code and Section 15.1-1378.1 of the Act, <br />does not constitute an endorsement to a prospective purchaser of <br />the Bonds of the creditworthiness of the Project or the <br />Applicant. <br />4. This Resolution shall take effect immediately upon its <br />adoption. <br />is <br />CERTIFICATE <br />• <br />The undersigned Clerk of the Council of the City of <br />Charlottesville, Virginia (the "City Council") hereby certifies <br />that the foregoing is a true, correct and complete copy of a <br />res lution adopted by the City Council at a meeting held on <br />1983. <br />l� <br />C k, Council of the City of <br />C rlottesville, Virginia <br />-2- <br />$3-� - 38 <br />