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A RESOLUTION EXPRESSING THE CONCURRENCE OF THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA. WITH THE INDUCEMENT RESOLUTION ADOPTED BY THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF HENRICO, VIRGINIA AND APPROVING THE ISSUANCE OF HOSPITAL REVENUE REFUNDING BONDS FOR THE BENEFIT OF MARYVIEW HOSPITAL AND BON SECOURS HEALTH SYSTEMS, INC. WHEREAS, the Industrial Development Authority of the County of Henrico, Virginia (the "Henrico Authority"), on May 20, 1993, adopted an inducement resolution (the "Inducement Resolution") (a copy of which is attached hereto as Attachment A) for the benefit of Bon Secours Health System. Inc., a Maryland not-for-profit corporation ("BSHSI"), wherein the Hera4co Authority has agreed to issue its revenue bonds to assist Maryview Hospital, a Virginia nonstock, nonprofit corporation ("Mm'yview Hospital"), located in Portsmouth. Virginia, in refunding bonds previously ~ssued on behalf of Maryview Hospital; and WI-IEREAS~ on December 24, 1985 the Henrico Authority issued its $10,400,000 Adjustable Rate Revenue Bonds (Maryview Hospital Project), Series 1985B (the "Series 1985B Bonds") and its $10,400,000 Adjustable Rate Revenue Bonds (Maryview Hospital Project), Series 1985C (the "Series 1985C Bonds") to (i) finance a portion of the costs of the construction and acquisition of land, improvements, renovations and equipment for Muryview Hospital's health care facilities, (ii) pay a portion of the interest accruing on the Series 1985B Bonds and the Series 1985C Bonds during the period of construction, (iii) fund debt service reserve funds and (iv) pay certain expenses incurred in connection with the issuance of the Series 1985B Bonds and the Series 1985C Bonds. and the interest rates on the Series 1985B Bonds and the Series 1985C Bonds have been converted to a fixed rate of interest; and WHEREAS, BSHSI and Maryview Hospital have requested that the Henrice Authority issue one or more series of its Hospital Revenue Refunding Bonds, Series 1993 (Bon Secours Health System Project) (the "Bonds"), a portion of the proceeds of which will be used to (i) advance refund the outstanding portion of the Series 1985B Bonds, (ii) advance refund the outstanding portion of the Series 1985C Bonds, Czii) fund a debt service reserve fund if such fund is deemed necessary or desirable by Maryview Hospital and the Hem-ice Authority and (iv) pay certain expenses incurred in connection with the issuance of the Bonds and the advance refunding of the Series 1985B Bonds and the Series 1985C Bonds. including, without limitation, the cost of bond insurance for the Bonds if bond insurance is deemed necess~, or desirable by Maryview Hospital and the Henfico Authority; and WHEREAS, the aggregate principal amount of the pontion of the Bonds issued for the benefit of Maryview Hospital will not exceed $27,000,000; and