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0 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA WHEREAS, the Industrial Development Authority of the City of Charlottesville, Virginia ("Authority"), has been asked by The University of Virginia Health Services Foundation ("HSF") to approve the issuance of revenue bonds by the Industrial Development Authority of the County of Orange, Virginia (the "Orange Authority") in an amount not to exceed $2,500,000 ('Bonds") to assist HSF in acquiring, constructing and equipping an approximately 24,000 square foot medical and dialysis center, which is currently under construction at 661 University Lane, in the County of Orange, and an approximately 6,300 square foot expansion to the ambulatory surgical center at 337 15th Street, in the City of Charlottesville ('Project"), and has held a public hearing on November 10, 1998; WHEREAS, Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), provides that the governmental unit having jurisdiction over the area in which any facility financed with the proceeds of private activity bonds is located must approve the issuance of the bonds; • WHEREAS, Section 15.2-4905 of the Industrial Development and Revenue Bond Act, Chapter 49, Title 15.2, Code of Virginia of 1950, as amended ("Act"), provides that if a locality has created an industrial development authority, no industrial development authority created by a second locality may finance a facility located in the first locality unless the governing body of such first locality concurs with the inducement resolution adopted by the industrial development authority created by the second locality, WHEREAS, a portion of the Project is located in the City of Charlottesville, Virginia ("City") and the City Council of the City ("Council') constitutes the highest elected governmental unit of the City, WHEREAS, the Authority has recommended that the Council approve the issuance of the Bonds; and WHEREAS, a copy of the Authority's resolution approving the issuance of the Bonds, subject to the terms to be agreed upon, a certificate of the public hearing and a Fiscal Impact Statement have been filed with the Council. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA: 1. The Council approves the issuance of the Bonds by the Orange Authority for the benefit of HSF, as required by Section 147(f) of the Code and Section 15.2-4906 of the Code of