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• A RESOLUTION MAKING CERTAIN FINDINGS CONCERNING THE BIDS
<br />SUBMITTED FOR THE PURCHASE OF GENERAL OBLIGATION PUBLIC
<br />IMPROVEMENT AND REFUNDING BONDS, SERIES 1993, OF THE CITY OF
<br />CHARLOTTESVILLE, VIRGINIA; ACCEPTING A PROPOSAL TO PURCHASE
<br />SUCH BONDS AND APPROVING THE DETAILS OF SUCH BONDS,
<br />INCLUDING THE MATURITY DATES, INTEREST PAYMENT DATES,
<br />INTEREST RATES AND REDEMPTION PROVISIONS THEREOF;
<br />DESIGNATING SUCH BONDS AS "QUALIFIED TAX-EXEMPT
<br />OBLIGATIONS" FOR PURPOSES OF SECTION 265 OF THE INTERNAL
<br />REVENUE CODE OF 1986; APPOINTING A REGISTRAR AND PAYING
<br />AGENT FOR SUCH BONDS; APPROVING THE FORM OF AN ESCROW
<br />DEPOSIT AGREEMENT RELATING TO THE REFUNDED BONDS AND
<br />APPOINTING AN ESCROW AGENT; DESIGNATING THE REFUNDED
<br />BONDS FOR REDEMPTION; AND OTHERWISE PROVIDING FOR THE
<br />ISSUANCE OF SUCH BONDS AND THE REFUNDING AND REDEMPTION
<br />OF THE REFUNDED BONDS
<br />WHEREAS, pursuant to an ordinance, entitled "AN ORDINANCE
<br />AUTHORIZING THE ISSUANCE OF FOUR MILLION DOLLARS ($4,000,000) PRINCIPAL
<br />AMOUNT OF GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS OF THE CITY
<br />OF CHARLOTTESVILLE, VIRGINIA, FOR THE PURPOSE OF PROVIDING FUNDS TO
<br />. PAY THE COST OF PUBLIC IMPROVEMENT PROJECTS OF AND FOR THE CITY;
<br />FIXING THE FORM, DENOMINATION AND CERTAIN OTHER FEATURES OF SUCH
<br />BONDS; AND PROVIDING FOR THE SALE OF SUCH BONDS", adopted by the Council
<br />of the City of Charlottesville, Virginia (the "City") on April 19, 1993, there were authorized to
<br />be issued $4,000,000 principal amount of general obligation bonds of the City;
<br />WHEREAS, pursuant to an ordinance, entitled "AN ORDINANCE
<br />AUTHORIZING THE ISSUANCE OF NOT TO EXCEED SIX MILLION DOLLARS
<br />($6,000,000) PRINCIPAL AMOUNT OF GENERAL OBLIGATION PUBLIC
<br />IMPROVEMENT REFUNDING BONDS OF THE CITY OF CHARLOTTESVILLE,
<br />VIRGINIA, FOR THE PURPOSE OF PROVIDING FUNDS TO REFUND IN ADVANCE OF
<br />THEIR STATED MATURITIES ALL OR A PORTION THE CITY'S $750,000 OUTSTAND-
<br />ING PRINCIPAL AMOUNT OF GENERAL OBLIGATION PUBLIC IMPROVEMENT
<br />BONDS, SERIES 1987, DATED MAY 1, 1987 AND MATURING JULY 15, 2000 TO 2002,
<br />BOTH INCLUSIVE, THE CITY'S $1,750,000 OUTSTANDING PRINCIPAL AMOUNT OF
<br />GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS, SERIES 1989, DATED
<br />JANUARY 15, 1989 AND MATURING ON JULY 15, 2003 TO 2009, BOTH INCLUSIVE,
<br />AND THE CITY'S $1,950,000 OUTSTANDING PRINCIPAL AMOUNT OF GENERAL
<br />OBLIGATION PUBLIC IMPROVEMENT BONDS, SERIES 1990, DATED FEBRUARY 15,
<br />1990 AND MATURING ON AUGUST 15, 2005 TO 2010, BOTH INCLUSIVE; FIXING THE
<br />FORM, DENOMINATION AND CERTAIN OTHER FEATURES OF SUCH BONDS;
<br />PROVIDING FOR THE SALE OF SUCH BONDS; AND OTHERWISE PROVIDING FOR
<br />THE ISSUANCE OF SUCH BONDS", adopted by the Council of the City on April 28, 1993
<br />• (collectively, with the ordinance referred to in the first "WHEREAS" clause hereof, the "Bond
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