ANNE ARUNDEL COUNTY

4653

shall constitute the present intent of the County to issue the
revenue bonds and other obligations so authorized and that the
authority and present intent of the County to issue revenue bonds
and other obligations pursuant to this Resolution shall be of a
limited duration and making provision for the extension of the
authority contained herein; authorizing the County Executive of
the County to accept, on behalf of the County, the letter of
intent to the County from the Borrower dated July 15, 1985 as
supplemented and amended by the supplemental letter of intent
dated October 15, 1985, copies of which are attached hereto as
Exhibit A and made a part hereof (collectively, the "Letter of
Intent"); providing that such revenue bonds and other obligations
(i) shall be payable solely from revenue derived by the County in
connection with the financing of the facility, including (without
limitation) loan repayments (both principal and interest) made to
the County by the Borrower or from the proceeds of bonds or other
obligations issued for the purposes of refunding other
obligations, and (ii) shall not ever constitute, within the
meaning of any statutory limitation, constitutional or charter
provision or otherwise (a) an indebtedness of the County or (b) a
charge against the general credit or taxing powers of the County;
providing the maximum term of maturity for the bonds or other
obligations issued pursuant to this Resolution; authorizing the
County Executive of the County, or the Director of
Administration, Deputy Director of Administration, Budget Officer
or Controller of the County with the approval of the County
Executive of the County, to specify, prescribe, determine,
provide for or approve certain details, forms, documents or
procedures in connection with the bonds or other obligations
issued hereunder and the loan of the proceeds of such bonds or
other obligations to the Borrower and any other matters necessary
or desirable in connection with the authorization, issuance, sale
and payment of such revenue bonds or other obligations;
authorizing the County Executive, or the Director of
Administration, Deputy Director of Administration, Budget Officer
or Controller of the County with the approval of the County
Executive, to take certain actions, to execute documents and make
certain commitments on behalf of the County in connection with
the issuance, sale and delivery of such bonds or other
obligations; authorizing the execution and delivery of the bonds
or other obligations and such other documents as may be necessary
or desirable to effectuate the aforementioned borrowing and the
issuance, sale and delivery of the bonds or such other
obligations; providing that approval of this Resolution by the
County Executive shall constitute the agreement of the County
Executive to report to the County Council on certain matters
pertaining to the bonds or other obligations; and generally
providing for, and determining, various matters in connection
with the issuance, sale, delivery and payment of such bonds or
other obligations.

Approved November 12, 1985