TIF Doc's - 11-28-01 - Laserfiche WebLink

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Lease) to the Owner for a period of 99 years; and (c) a Tax Increment Financing Revenue Note, Series 2001 (the "TIF Note") to be executed by the HRA in favor of the Owners; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF ORONO HOUSING AND REDEVELOPMENT AUTHORITY: 1. Authorization of Documents Presented. The forms of the Development Agreement, the Ground Lease and the TIF Note (collectively, the "Documents") are approved, with such additions or modifications thereto and deletions therefrom as may be approved by the Chair or the Secretary prior to the execution and delivery thereof, such approval to be conclusively evidenced by the execution and delivery thereof by the appropriate officers of the City. 2. Execution and Delivery of Bond Documents. The Chair and the Secretary (or in their absence, the deputy or acting Chair or Secretary) are hereby authorized in their discretion at such time, if any, as they may deem appropriate, to execute and deliver the Documents in the name and on behalf of the HRA. 3. Certificates, etc. The Chair and the Secretary (or in their absence the deputy or acting Chair or Secretary) are authorized in their discretion, at such time, if any, as they may deem appropriate, to prepare and furnish to bond counsel and the purchaser of the Bonds, when issued, certified copies of all proceedings and records of the HRA relating to the Bonds, and such other affidavits and certificates as may be required to show the facts appearing from the books and records in the officers' custody and control or as otherwise known to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the HRA as to the truth of all statements contained therein. 4. Authorized Officers. The Documents and any other documents referred to herein are authorized to be executed on behalf of the HRA by its Chair and its Secretary; provided that in the event any of the officers of the HRA authorized to execute documents on behalf of the HRA under this Resolution shall have resigned or shall for any reason be unable to do so, the deputy or acting Chair or Secretary, is hereby directed and authorized to do so on behalf of the HRA, with the same effect as if executed by any officer specifically authorized to do so in the Indenture or this Resolution. 5. Effective Date. Be It Further Resolved that this Resolution shall be in full force and effect immediately from and after its passage.