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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, as elected legislative body, constitutes such applicable elected representative within the meaning of the Code; and WHEREAS, on January 21, 2025, pursuant to the requirements of Section 147(f) of the Code and the Act, the Portsmouth Authority held a public hearing concerning the proposed issuance of the Bonds; and WHEREAS, on January 21, 2025, the Portsmouth Authority adopted a resolution approving the issuance of the Bonds by the Henrico Authority and recommending 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 by the Henrico Authority to comply with Section 147(f) of the Code and Section 15.2-4905 of the Act; and WHEREAS, a copy of the Portsmouth Authority Resolution and a Summary of the statements expressed at the public hearing have been filed with the Council. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA: 1. The recitals made in the preamble to this Resolution are hereby adopted as a part of this resolution. 2. The City Council of the City of Portsmouth, Virginia, approves the issuance of the Bonds by the Henrico Authority for the benefit of BSMH and its nonprofit affiliates, including Maryview, and concurs in the Inducement Resolution adopted by the Henrico Authority for all purposes for which such concurrence and approval is required, including without limitation, Section 147(f) of the Code and Section 15.2-4905 of the Act. 3. The approval of the issuance of the Bonds, as required by Section 147(f) of the Code, and the concurrence in the Inducement Resolution adopted by the Henrico Authority as required by Section 15.2-4905 of the Act, does not constitute an endorsement to a prospective purchaser of the Bonds of the creditworthiness of BSMH, nor does it constitute indebtedness of or a pledge of contributions from the City of Portsmouth, Virginia or the Portsmouth Authority. Neither the faith and credit nor the taxing power of the City of Portsmouth is pledged to the payment of the principal or interest on such Bonds or any other costs related thereto. Neither the Portsmouth Authority nor the City of Portsmouth nor any of their representatives, commissioners, officers or employees shall have any liability for or related to the Bonds. 4. The City Clerk is hereby instructed to forward a copy of this resolution to the Portsmouth Authority, the Henrico Authority and representatives of BSMH. 5. This Resolution shall take effect on the date of its adoption.