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<br />RESOLUTION
<br />OF THE INDUSTRIAL DEVELOPMENT AUTHORITY
<br />OF THE CITY OF NORFOLK
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<br />WHEREAS, the Industrial Development Authority of the City of Norfolk, a
<br />political subdivision of the Commonwealth of Virginia (the "Authority"), has received a request
<br />from the Young Men's Christian Association of South Hampton Roads (the "YMCA") that the
<br />Authority hold a joint public hearing, on behalf of the Cities of Chesapeake, Norfolk,
<br />Portsmouth, Suffolk and Virginia Beach, all in Virginia, on the issuance of revenue bonds by the
<br />Industrial Development Authority of the City of Alexandria (the "Alexandria IDA") in an
<br />amount not to exceed $14,300,000 (the "Bonds") to assist the YMCA in (i) financing (A) the
<br />cost of the acquisition, construction and equipping of a complete YMCA facility including but
<br />not limited to gym and fitness center, swimming pool, sauna and whirlpools, locker rooms and
<br />equipment for the foregoing, as well as parking areas, located on an 8 acre parcel on the west
<br />side ofD.S. Route 13, 1.5 miles south of the Four Comers Shopping Center and across from
<br />Edwards Seafood Restaurant in Onley in Accomack County, (B) the acquisition of 147 acres of
<br />land and development of a campground including family cabins and staff cabins, stables for
<br />horses, dining areas, a swimming pool, and other recreational facilities for both land and water
<br />sports located on the grounds of the existing Silver Beach Campground on Onnahonock Road
<br />near Silver Beach in NorthhamptoD County, Virginia, (C) the co~ction of a new gym at the
<br />Hilltop Family YMCA at 1536 Laskin Road, Virginia Beach, Virginia 23451 and (D) the
<br />construction of an indoor running track and other improvements at the Downtown Norfolk
<br />YMCA located at 312 West Bute Street, Norfolk, Virginia 23510 and (ii) refmancing (A) an
<br />outdoor pool and renovations, including but not limited to, a new gym, front entrance and lobby
<br />area, new fitness and aerobics rooms and an indoor pool, for the Suffolk Family YMCA located
<br />at 2769 Godwin Avenue, Suffolk, Virginia 23434, (B) an indoor pool and renovations to a
<br />fitness center, child care center, front entrance and lobby areas and corporate offices at the
<br />Downtown Norfolk YMCA located at 312 West Bute Street, Norfolk, Virginia 23510, (C)
<br />lockers, fitness and aerobics areas, saunas, whirlpools, office space and other improvements at
<br />the EffinghamYMCA located at 1013 Effingham Street, Portsmouth, Virginia 23704, (D) the
<br />acquisition and e~pping of a child care center at tL Salem Family Center located at 2029
<br />Salem Road, Virginia Beach, Virginia 23456, (E) the acquisition, construction and equipping of
<br />the full-service Hilltop Family YMCA, including but not limited to cardiovascular, aerobics and
<br />fitness areas, achild care center and indoor pool, located at 1536 Laskin Road, Virginia Beach,
<br />Virginia 23451, (F) the acquisition, renovation and equipping of the Indian River Family
<br />YMCA inpluding a child care "enter located at 5660 Indian River Road, Virginia Beach, Virginia
<br />23464, (G) the acquisition and the renovation and equipping, including but not limited to fitness
<br />and cardiovascular equipment, refurbished aerobics and locker room areas and rebuilt racket ball
<br />courts, of the full-service Greenbrier North YMCA located at 2100 Old Greenbrier Road,
<br />Chesapeake, Virginia 23320, (H) the construction of two outdoor pools and the addition of a
<br />cardiovascular fitness area and equipment and other improvements located at the Mt. Trashmore
<br />Family YMCA at 4441 South Boulevard, Virginia Beach, Virginia 23452, (I) two outdoor pools
<br />and other renovations including but not limited to a fitness center, child care center, office, lobby
<br />and parking lot improvements at the Chesapeake Family YMCA located at 1033 Greenbrier
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