ANNE ARUNDEL COUNTY

4629

Arundel County, Maryland Industrial Development Revenue Bonds
(West Garrett Joint Venture Project)," 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, 1984 Cumulative
Supplement), as amended (the "Act") in order to loan the proceeds
thereof to West Garrett Joint Venture, a Maryland general
partnership (the "Borrower") for the sole and exclusive purpose
of financing the acquisition by the Borrower of the Facility (as
defined in the Resolution) and providing that all other terms and
conditions in the Resolution shall remain in full force and
effect.

Approved May 2, 1985.

Resolution No. 45-85

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
$22,740,000 designated "Anne Arundel County, Maryland Economic
Development Revenue Bonds (The Beacon Companies/B.W.I. HSR
Limited Partnership 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 The Beacon
Companies, a Massachusetts limited partnership and B.W.I. Limited
Partnership, a Massachusetts limited partnership in formation
(whether one or more hereinafter referred to as the "Borrower"),
for the sole and exclusive purpose of financing (i) the
acquisition of approximately seven acres of land located at the
corner of Winterson, Concourse, and Elkridge Landing Roads
adjacent to Baltimore-Washington International Airport,
Linthicum, in the First (1st) Election District of Anne Arundel
County, Maryland (the "Land"); (ii) the construction on the Land
of a building containing approximately 193,000 square feet to be
used as an executive suite hotel facility; (iii) the acquisition
and installation of certain equipment and machinery that is
necessary or useful in connection with the operation of the
building described in (ii) above and the other improvements on
the land; (iv) the acquisition of such interests in land as may
be necessary or desirable for such building together with roads,
other rights of access, utilities, and other necessary
facilities; (v) the necessary costs of preparing, printing,
selling, and issuing of the bonds or other obligations; (vi) the
funding of reserves; and (vii) 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