4622

COUNTY LOCAL LAWS

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 January 8, 1985, as such letter may be
supplemented or amended; 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 such 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 such 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 such
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 such 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 such 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 February 25, 1985.

Resolution No. 17-85
A RESOLUTION for the purpose of approving the assignment by