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1. The Council approves the issuance of the Bonds by the <br />Fluvanna Authority for the benefit of the Company, as required by <br />Section 147(f) of the Code and Section 15.1-1378.1 of the Code of <br />Virginia of 1950, as amended ("Virginia Code") to permit the <br />Authority to assist in the financing. <br />2. The Council concurs with the resolution adopted by the <br />Industrial Development Authority of Fluvanna County, Virginia, <br />and approves the issuance of the Bonds by the Industrial <br />Development Authority of Fluvanna County, Virginia, for the <br />benefit of the Company as required by Section 15.1-1378 of the <br />Act. <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 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 />5. This resolution shall take effect immediately upon its <br />adoption. <br />Adopted by the City Council of the City of Charlottesville, <br />Virginia this /5- day of July, 1996. <br />[SEAL) <br />C c, City Council of <br />the City of Charlottesville, <br />Virginia <br />-2- <br />