Laserfiche WebLink
557 <br /> <br /> Section 2: That the Project, the Improvements and the Working Capital proposed <br />to be financed hy the issuance of the Bond be, mad hereb,2 are, deemed appropriate for <br />such financing, and, accordingly, the msuance of the Bond be, and hereby is, approved <br />for all purposes for which such approval is required,/ncluding without limitation Section <br />15.1-1378.1 of the Act and Section 147(f) of the Code. <br /> <br /> Section 3: That the designation of the Bond by the Authority as "a qualified tax- <br />exempt obligation" within the meaning of Section 265(b) of the Code is hereby authorized <br />and approved. <br /> <br /> Section 4: That the City Clerk be, and hereby is, instructed To forward a copy of <br />this resolution to the Authority and to the Applicant. <br /> <br /> Section 5: That this resolution shall take effect/mmed/ately upon the date of its <br />adoption. <br /> <br />Ayes: Clemons, Griffin, Hawks, Martin, Pitts, Robinett <br />~ys: None <br /> <br />On motion meeting adjourned 3:12 p.m. <br /> <br />Johnny M. Clemons <br /> Vice Mayor <br /> <br />Shella Powell Pittman, <br /> City Clerk <br /> <br />CMC/AAE <br /> <br />Mayor Gloria O. Webb was absent. <br /> <br /> <br />