ANNE ARUNDEL COUNTY

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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 April 4, 1985.

Resolution No. 31-85:

A RESOLUTION authorizing and providing for the issuance from
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 $750,000
designated "Anne Arundel County, Maryland Economic Development
Revenue Bonds (Spear Lancaster Facility)," 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) (the "Act") in order to lend the proceeds
thereof to Simon Spearman Lancaster, III, a resident of the State
of Maryland (hereinafter referred to as the "Borrower"), for the
sole and exclusive purpose of financing (i) the acquisition of
approximately 1.48 acres of land located at Priest Bridge
Business Park, Crofton, Anne Arundel County, Maryland 21114 (the
"Land"); (ii) the construction on the Land of a building
containing approximately 12,500 square feet to be used as an