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I . The Council approves the issuance of the Bond by the Authority for the benefit of <br />• the Company, as required by Section 147(f) of the Code and Section 15.2-4906 of the Code of <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 to be adopted by the Authority and <br />approves the issuance of the Bond by the Authority for the benefit of the Company as required <br />by Section 15.2-4905 of the Virginia Code. <br />3. The approval of the issuance of the Bond does not constitute an endorsement to a <br />prospective purchaser of the Bond of the creditworthiness of the Project or the Company. <br />4. This resolution shall take effect immediately upon its adoption. <br />Adopted by the City Council of the City of Charlottesville, Virginia this /gY41day of <br />December, 2006. <br />[SEAL] <br />• <br />I�L <br />*A=A� (A� <br />ClerkVy Council of the City of <br />Charlottesville, Virginia <br />-2- <br />