4634

COUNTY LOCAL LAWS

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 July 3, 1985.

Resolution No. 57-85

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 $1,200,000
designated "Anne Arundel County, Maryland Economic Development
Revenue Bonds (Morauer II 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 and 1984 Cumulative
Supplement) (the "Act") in order to loan the proceeds thereof to
Roy M. Morauer, a Maryland resident (hereinafter referred to as
the "Borrower"), for the sole and exclusive purpose of financing
(i) the acquisition by the Borrower of a certain facility
consisting generally of (i) the acquisition of approximately 3.92
acres of land together with any improvements thereon, located in
Priest Bridge Business Park on the southside of Espey Court near
Patuxent River Road, in Crofton, Anne Arundel County, Maryland
(the "Land"); (ii) the construction on the Land of two (2)
buildings: the first building containing approximately 16,800
square feet, and the second building containing approximately
10,000 square feet, and the renovation of any existing
improvements on the Land; (iii) the acquisition and installation
of certain equipment and machinery that is necessary or useful in
connection with the operation of the buildings described in (ii)
above and any other improvements on the Land; and (iv) the
acquisition of such interests in land as may be necessary or
desirable for such buildings together with roads, other rights of
access, utilities and other necessary facilities to be used as
offices, warehouses, and laboratory facilities (which facility is
to be leased by the Borrower to R. J. O. Enterprises, Inc., a
Maryland corporation, and to a certain tenant or tenants yet to
be determined (hereinafter referred to, collectively, as the