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• BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, <br />VIRGINIA: <br />1. The Council approves the location and financing <br />of the Project and the issuance of the Bonds by the Authority <br />for the benefit of the Company, as required by Section <br />103(k) and Section 15.1-1378.1 of the Virginia Code, <br />to permit the Authority to assist in the financing of <br />the Project. <br />2. It is hereby found and determined that the <br />Project meets the criteria set forth in Section 5 of <br />the Ordinance. <br />3. The approval of the issuance of the Bonds <br />does not constitute an endorsement to a prospective purchaser <br />of the Bonds of the creditworthiness of the Project or <br />the Company. <br />4. The Bonds shall not be issued unless they <br />shall have received an allocation of the State Ceiling <br />(as defined in Executive Order Number 50 of the Governor <br />of the Commonwealth of Virginia, dated August 1, 1984), <br />and nothing in this resolution shall be construed as <br />any assurance that such allocation will be available <br />or, if available, will be made. <br />5. Pursuant to the limitations contained in Temporary <br />Income Tax Regulations Section 5f.103 -2(f)(1), this resolution <br />shall remain in effect for a period of one year from <br />the date of its adoption. <br />6. This resolution shall take effect immediately <br />upon its adoption. <br />Approved by Council <br />September 17, 1984 <br />%3EA,u-- <br />QArk of Council <br />0 <br />84-6-47 <br />