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5
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 Purchaser shall provide evidence to the Authority of the consent of the
Department of Housing and Community Development (“HUD”) to the assignment and assumption
by the Purchaser of the Housing Assistance Payment Agreement promptly following the receipt
thereof.
14.
The Authority hereby appoints Williams Mullen, as requested by the Purchaser, to
serve as Bond Counsel.
15.
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 in any way connected with the Project.
16.
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.
17.
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.
18.
All capitalized terms not otherwise defined herein shall have the meaning set forth
in the Bond Documents.
19.
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.
20.
This Resolution shall take effect immediately upon its adoption.
Date: April 21, 2026
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