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Bonds is located must approve the issuance of the Bonds in order for the interest on the Bonds to be entitled to certain exemptions from taxation provided by the Code, and the City Council of the City of Portsmouth, Virginia constitutes such highest elected governmental official within the meaning of the Code; and WHEREAS, representatives of BSHSI and Maryview have appeared before the Portsmouth Authority at a public hearing held on the date hereof (as to which proper notice was given by publication in a newspaper of general circulation May 24, 2013 and June 3, 2013), such public hearing being required by Section 15.2-4906 of the Act and Section 147(f) of the Code; and WHEREAS, BSHSI and Maryview have requested that the Portsmouth Authority approve the issuance of the Bonds and recommend that the City Council of the City of Portsmouth, Virginia express its concurrence with the Inducement Resolution and approve the issuance of the Bonds to comply with Section 147(f) of the Code and Section 15.2-4905 of the Act so that the Henrico Authority may issue the Bonds for the benefit of, among others, BSHSI and Maryview as described above; Now THEREFOR BE IT RESOLVED BY THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF PORTSMOUTH, VIRGINIA: 1. The Portsmouth Authority approves the issuance of the Bonds by the Henrico Authority for the benefit, among others, of BSHSI and Maryview and the application of the proceeds thereof for the purposes described above for all purposes for which such approval is required. 2. The approval granted in this Resolution shall be contingent upon (a) the approval of the issuance of the Bonds by the Henrico Authority, and (b) the approval and concurrence by the City Council of the City of Portsmouth, Virginia, as recommended in Section 3 below. 3. The Portsmouth Authority recommends that the City Council of the City of Portsmouth, Virginia concur in the Inducement Resolution of the Henrico Authority and approve the issuance of the Bonds to the extent required by Section 147(f) of the Code and Section 15.2- 4905 of the Act. 4. The approval of the issuance of the Bonds does not constitute an endorsement by the Portsmouth Authority to a prospective purchaser of the Bonds of the creditworthiness of BSHSI or Maryview, nor does it constitute a pledge of contributions of any kind from the Portsmouth Authority or the City of Portsmouth, Virginia. 5. The Secretary of the Portsmouth Authority is directed to forward a copy of this Resolution and the minutes of the public hearing held by the Portsmouth Authority to the City Council of the City of Portsmouth, Virginia. 6. This Resolution shall take effect immediately upon its adoption. - 2 -