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• 1. The Council approves the issuance of the Bonds by the <br />Authority, as required by Section 147(f) of the Code to permit <br />the Authority to undertake to finance the Projects. <br />2. 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 Projects or the Authority. <br />3. 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 the date of <br />its adoption. <br />4. This resolution shall take effect immediately upon its <br />adoption. <br />• Adopted by the Council of the City of Charlottesville, <br />Virginia, this 21st day of November, 1988. <br />L <br />rk, Council of the City of <br />'Charlottesville, Virginia <br />[SEAL] <br />• 88-6-63 <br />-2- <br />