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4
or other costs incident thereto. The Bonds shall not constitute an indebtedness within the meaning
of any constitutional or statutory debt limitation or restriction.
9.
The Purchaser hereby agrees to satisfy all applicable federal, state and local laws
with respect to the Project, including, but not limited to, any applicable fair housing requirements.
10.
No public hearing is required to be conducted by the Authority to provide its
Consent Agreement as requested by the Purchaser to purchase the Project, since such a public
hearing regarding the issuance of the Bonds was previously conducted by the Authority in
accordance with Section 147(f) of the Internal Revenue Code and Section 15.2-4906 of the Code
of Virginia and the governing body approval of the City Council was obtained.
11.
Any obligation of the Authority to provide the authorization, approval and
execution of the Consent Agreement as requested by the Purchaser is contingent upon the
satisfaction of all legal requirements and the Authority (including its officers, commissioners,
employees and agents) shall not be liable and hereby disclaims all liability to the Borrower and all
other persons or entities for any damages, direct or consequential, with respect to the Project for
any reason.
12.
The provisions of this Resolution are hereby declared to be separable, and if any
section, phrase or provision of this Resolution shall be declared invalid, such invalidity shall not
affect the validity of the remainder of the sections, phrases and provisions of this Resolution.
13.
The Authority hereby appoints Williams Mullen, as requested by the Purchaser, to
serve as Bond Counsel.
14.
By submitting its request to the Authority by the Purchaser for the authorization,
approval and execution of the Consent Agreement to purchase the Project, the Purchaser has
agreed to indemnify and hold harmless the Authority, its officers, commissioners, employees and
agents from and against all liabilities, obligations, claims, damages, penalties, losses, costs and
expenses connected to the Consent Agreement.
15.
The approval of the acquisition by the Purchaser of the Project does not constitute
an endorsement to the Purchaser of the Project or the creditworthiness of the Project.
16.
The Purchaser shall perform such other acts and adopt such further resolutions as
may be required to implement its undertakings hereinabove set forth as reasonably requested by
the Authority.
17.
The Authority hereby approves the execution of this Resolution and the Consent
Agreement and any related items by either the Chair or the Executive Director.
18.
This Resolution shall take effect immediately upon its adoption.
Date: April 21, 2026
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