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where the facilities are located concurs with the inducement resolution of this Authority and shows ~ts concurrence in a duly adopted resolution: and WHEREAS. in irt application and other materials submitted to the Authority, and irs appearance before the Authority, Bon Secours has described on behalf of the Institutions (1) the proposed refunding of the Prior Bonds (collectively, the "Refunding") and the benefit thereof to Bon Secours and the Insntutions in providing medical care to the residents of Hem-ico County., the City. of Portsmouth. the City of Suffolk and surrounding environs at the [owest possible cost. and (2) the Improvement Projects and the benefits thereof in supplying quality medical care to such residents: aha WHW_REAS. the Authority. has determined that both the Refundingand the undermkSng of the Improvement Projects by the Authority for Bon Secours and the Institutions- will protect and promote the beakh and welfare of the inhabitants of the Commonwealth of Virginia and in particular of Henrico County, the City of Portsmouth. the City of Suffolk and surrounding environs, w/il be in the public interest and w/il be consistent with and serve the purpose of the Act: NOW ~ORE BE IT RESOLVED. BY WrtE INDUS'IXIAL DEVELOPMF_xNT AUTHORITY OF TIlE Cor_rN'I'Y OF HEN1KICO. VIRGINIA: (1) It is hereby found and determined that the Refunding and the undertaking of the Improvement Prejecrt w/il reduce the cost of providing medical care to residents of the Commonwealth of Virginia and in particular Henrico County, the City of Portsmouth. the City of Suffolk. wilt result in hnproved medical facilities in such jurisdictions and the surrounding environs, will be in the public interest, wilt be of benefit te the inhabitants of the area served by the Authority and will oe consistent with and serve the purposes of the Act.. (2) In order to refund some or all of the St. Mary's Bonds. the Authority hereby agrees to issue im Series 1992 Bonds ~n a principal amount (excluding original issue discount) not to exceed 547,325,000, upon terms and conditions to be mutually agreed upon among the Authority, St. Mary's Hospital. Bon Secours and the purchasers of such bonds. (3) In order ro refund some or all of the Maryview Hospital Bonds. the Authority hereby agrees m issue its Series 1992 Bonds in a principal amount (excluding ori~_qnal issue discount) not to exceed $33.475,000, upon terms and conditions to be mutually agreed upon among the Authority, Maryview Hospital. Ben Secours and the purchasers of such bonds. (4) In order to refund some or alt of the Mary?iow Center Bonds. the Authority agrees to issue its Series 1992 Bonds in a pnncipal amount (excludIng original issue discount) not to exceed $5.305.000. upon terms and conditions to be mutually ageed upon among the Authority. Maryv. iow Center. Bon Secours and the purchasers of such bonds. (5) In order to finance the Improvement Projects. the Authority agrees te issue irt Series I992 Bonds in principal amounts as follows: