ANNE ARUNDEL COUNTY
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Park), the acquisition of such interests in land as may be
necessary and desirable for such buildings together with roads,
the rights of access, utilities and other necessary facilities,
in order to provide (1) that the Bond and other loan documents
approved and authorized by Resolution No. 117-82 be amended to
change the rate of interest and the dates upon which the
Bondholder may call the Bond; approving the form of, and
authorizing the execution and delivery on behalf of Anne Arundel
County, Maryland of, certain amendments to the Bond; and
generally providing for and determining various matters and
details in connection with the consummation of the transactions
contemplated by this Resolution; and (ii) that the findings set
forth in Resolution No. 117-82 are hereby confirmed with respect
to the new borrower.
Approved February 8, 1985.
Resolution No. 6-85
A RESOLUTION authorizing and providing for the issuance for
the time to time by Anne Arundel County, Maryland (the "County"),
of one or more series of its revenue bonds, bond anticipation
notes, notes in the nature of commercial paper and other
instruments, certificates or evidences of obligation as
determined pursuant to this Resolution in a principal amount not
to exceed $5,000,000 designated "Anne Arundel County, Maryland
Industrial Development Revenue Bonds (Airport Square Tech Park
Project), Series 1985" pursuant to the provisions of the Maryland
Economic Development Revenue Bond Act, Sections 266A through
266-I, inclusive, of Article 41 of the Annotated Code of Maryland
(1982 Replacement Volume and 1984 Cumulative Supplement), as
amended (the "Act") in order to loan the proceeds thereof to
United Properties, a Maryland general partnership (hereinafter
referred to as the "Borrower"), for the sole and exclusive
purpose of financing (i) the acquisition and construction of
roads, water lines and other utilities and other necessary or
desirable facilities for the operation of an industrial park to
be located on 160 acres of land at the northeast corner of
Nursery and Andover Roads, near BWI Airport, in Anne Arundel
County, Maryland . (the "Land"); (ii) the construction and
installation of improvements (excluding buildings) for the
development of the Land as an industrial park; (iii) the
acquisition of such interests in land as may be necessary or
desirable in connection therewith; (iv) the necessary costs of
preparing, printing, selling and issuing of the bonds or other
obligations; (v) the funding of reserves; and (vi) the payment of
interest with respect to such financing or to refund outstanding
bonds issued under the Act, all as provided in this Resolution;
making certain findings and determinations, among others,
concerning the public benefit and purpose of the revenue bonds
and' other obligations authorized to be issued hereby; providing
that this Resolution shall constitute the present intent of the
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