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4 rr <br />• Virginia of 1950, as amended ("Virginia Code") to permit the Authority to assist in the financing <br />of the Project. <br />2. The Council concurs with the resolution adopted by the Orange Authority and <br />approves the issuance of the Bonds by the Orange Authority for the benefit of HSF as required <br />by Section 15.2-4905 of the Act. <br />The approval of the issuance of the Bonds does not constitute an endorsement to a <br />prospective purchaser of the Bonds of the creditworthiness of the Project or HSF. <br />4. Pursuant to the limitations contained in Temporary Income Tax Regulations <br />Section 5f. 103-2(f)(1), this resolution shall remain in effect for a period of one year from the <br />date of its adoption. <br />This resolution shall take effect immediately upon its adoption. <br />Adopted by the City Council of the City of Charlottesville, Virginia this 711yof <br />C City Council, <br />City of Charlottesville, Virginia <br />[SEAL] <br />0 -2- <br />