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• BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE., V'RGI,IIA: <br />1. The Council approves the location and financing of the <br />Project and the issuance of the bonds by the Authority for the <br />benefit of the Company, as required by Section 103(k) and Section <br />15.1-1378.1 of the Virginia Code, to permit the Authority to <br />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 does not <br />constitute an endorsement to a prospective purchaser of the bonds <br />of the creditworthiness of the Project or the Company. <br />4. Pursuant to the limitations contained in Temporary <br />Income Tax Regulations Section 5£.103-2(f)(1), this Resolution <br />shall remain in effect for a period of one year from the date of <br />its adoption. <br />5. This Resolution shall take effect immediately upon its <br />adoption. <br />• Approved by Council <br />December 17, 1984 <br />• <br />C1 c o Council <br />-2- <br />