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196 BE IT RESOLVED by the Council of the City of Charlottesville, that: The Letter Agreement dated August 30, 2000 between Sun Trust Bank and the City of Charlottesville for a revolving line of credit in the amount of One Million Five Hundred Thousand Dollars ($1,500,000), and the terms, conditions and provisions thereof, are hereby approved. Loans made pursuant to this line of credit shall be repayable in a term or terms up to a maximum period of seven (7) years at interest rates which will float and be tied to the term of the lease and set as a percentage of the current prime rate. The Equipment Lease Purchase Agreement dated October 2, 2000 between Sun Trust Bank and the City of Charlottesville, and the terms, conditions and provisions thereof, are hereby approved. Such agreement shall be for a term not to exceed seven (7) years to finance firefighting equipment in an aggregate principal amount not to exceed $818,000 at an interest rate not to exceed 63% of the current prime rate. In the event that funds are not appropriated in any additional fiscal year to cover regular payments required by loans made pursuant to this line of credit, the loan agreement affected shall terminate on the last day of the fiscal period for which appropriations were received and the property shall be surrendered to the financing institution. The loan and line of credit loan are hereby designated as"qualified tax- exempt obligations" for purposes of Section 265 of the Internal Revenue Code. BE IT FURTHER RESOLVED that the City Manager, or his express designee, is hereby authorized and directed to execute and deliver any and all documents necessary to close the above-described loans, and any future loans made to the City under this line of credit, including but not limited to, notes, security instruments, UCC financing statements, and corporate resolutions, in form approved by the City Attorney. f. RESOLUTION: Settlement of Lawsuit BE IT RESOLVED, that the City of Charlottesville, Virginia (the "City") (i) enter into a settlement with the plaintiffs in the lawsuit styled Gertrude Weber, et al. v. Rivanna Solid Waste Authority, et al., pending in the United States District Court for the Western District of Virginia, Charlottesville Division, Civil Action No. 98-0109-C and (ii) execute a Settlement Agreement and Release (the "Settlement Agreement'') with such plaintiffs and certain plaintiff-related parties, except for Gertrude and Michael Weber (the "Webers") and Pamela and Ed Strange (the "Stranges"); and BE IT RESOLVED, that the Settlement Agreement is in all respects approved, subject to its signature by all plaintiffs and plaintiff-related parties, except for the Webers and the Stranges; and BE IT RESOLVED, that the Settlement Agreement and Exhibits thereto, substantially in the form of the draft presented to the City Council, are authorized and approved in all respects, with such changes therein as the officer or officers executing the same shall approve; and BE IT RESOLVED, that the City Manager is hereby authorized in the name of and on behalf of the City to execute and deliver the Settlement Agreement; and BE IT RESOLVED, that the City Manager is hereby authorized to execute and deliver such other documents and instruments and to take such other and further actions as may be in any wa)' necessary or appropriate to effectuate the foregoing resolutions and to carry out the purposes thereof, and that the taking of any such action and the execution by such individuals of any such additional documents or instruments shall conclusively evidence the due authorization thereof by the City. ORDINANCE: "AN ORDINANCE AMENDING AND REORDAIING SECTIONS 14-2 AND 14-21, OF CHAPTER 14, AND SECTIONS 30-221, 30-222, 30-223, AND 30-227 OF ARTICLE VIII,