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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 Martha Jefferson Hospital ("Hospital') to approve the issuance of revenue bonds by the Industrial Development Authority of Albemarle County, Virginia ("Albemarle Authority") in a amount not to exceed $7,000,000 ('Bonds") to assist the Hospital in financing the replacement and installation of certain equipment, including, but not limited to, magnetic resonance imaging, CAT scanner and other radiographic equipment and other clinical equipment and computer hardware to be used by the Hospital at its existing facilities located at 459 Locust. Avenue, in the City of Charlottesville, Virginia, and has held a public hearing on April 15, 1999; WIHEREAS, Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), provides that the governmental unit having jurisdiction over the issuer of private activity bonds and 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 15.2-4906 of the Industrial Development and Revenue Bond Act, Chapter 49, Title 15.2, Code of Virginia of 1950, a 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 created by the second locality; WHEREAS, the City Council of the City of Charlottesville, Virginia ("Council) has created an industrial development authority, the Project is located in the City of Charlottesville, Virginia ("City") and the 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, as well as a copy of the Albemarle 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: I. The Council concurs with the resolution adopted by the Albemarle Authority and approves the issuance of the Bonds by the Albemarle Authority for the benefit of the Hospital, as required by Section 147(f) of the Code and Section 15.2-4906 of the Code of Virginia of 1950, • as amended ("Virginia Code").