4650

COUNTY LOCAL LAWS

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 November 12, 1985.

Resolution No. 91-85

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 $4,000,000
designated "Anne Arundel County, Maryland Industrial Development
Revenue Bonds (Patapsco Central Limited Partnership 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 1985 Cumulative Supplement) (the "Act") in order to
loan the proceeds thereof to Patapsco Central Limited
Partnership, (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 (A)
land containing 11.1 acres, more or less, located at the east
side of Central Avenue north of Nursery Road in the Patapsco
Industrial Park (the "Land"); (B) the construction on the Land of
a 140,000 square foot warehouse building of metal construction
containing a ten (10) foot high masonry curtain wall (the
"Building"); (C) all tenant improvements as may be necessary or
useful in connection therewith; (D) the installation of such
machinery and equipment as may be necessary and useful in the
operation of the Building as a warehouse and distribution center;