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10. That the Council hereby elects pursuant to Section 15.2 -2601 of the Virginia Code <br />to incur the Obligation under the Public Finance Act without regard to the requirements, <br />restrictions or other provisions contained in the Charter of the City. <br />BE IT FURTHER RESOLVED by the Council of the City of Portsmouth, Virginia that <br />this Resolution shall take effect immediately upon the date of its adoption. <br />ADOPTED by the Council of the City of Portsmouth, Virginia at a meeting held <br />on January 22, 2019. <br />Teste: <br />City Clerk <br />