4646

COUNTY LOCAL LAWS

the Addition and the Existing Facility; and (e) construction and
improvement of existing roadways and expanded parking facilities
located at 6731 Baymeadow Drive in the County to be used as a
warehouse and printing production facility, (ii) the necessary
costs of preparing, printing, selling and issuing the bonds or
other obligations, (iii) the funding of reserves, and (iv) 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 findings and determinations, among
others, concerning the public benefit and purpose of the revenue
bonds and other obligations authorized to be issued hereby;
providing that this Resolution shall constitute a commitment to
issue the revenue bonds and other obligations so authorized and
that the authority and commitment 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 August 23, 1985;
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