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NOW, THEREFORE, BE IT ORDAINED by the City of Lakewood, Ohio, that: Section 1. Definitions. All words and terms used herein as defined words and terms but not otherwise defined herein shall have the respective meanings given to them in the Trust Indenture with respect to the Series 2000 Bonds (the "Indenture") between the Issuer and the bank or trust company identified therein, serving as trustee in accordance with the provisions thereof (the "Tmstee"), the substantially final form of which is on file with Council. Any reference herein to the Issuer or Council or to any officers, employees or members thereof, shall include those which succeed to their functions, duties or responsibilities pursuant to or by operation of law or who are lawfully performing their functions. Section 2. Determinations. This Council determines, based on the representations of the Borrower contained in its application to the CIC, that: (a) The Project constitutes a "project" within the meaning of that term as defined in Section 165.01 (H), Ohio Revised Code; (b) The Project is consistent with the purposes of Section 13 of Article VIII, Ohio Constitution, to create or preserve jobs and employment opportunities and to improve the economic welfare of the people of the State of Ohio; and (c) Provision of the loan to finance costs of the Project will require the issuance, sale and delivery of the Series 2000 Bonds. Section 3. Public Approval. This Council determines that, following reasonable notice, and prior to passage of this Bond Legislation, a public hearing was held with respect to the issuance of the Bonds, as required by Section 147(f) of the Code. Section 4. A~lthorization of Series 2000 Bonds. It is hereby determined to be necessary to, and the Issuer shall, issue, sell and deliver, as provided herein and in the Indenture and pursuant to the authority of the Act, the Series 2000 Bonds in the principal amount of not to exceed $12,500,000, in one or more series, for the purpose of making a loan to assist the Borrower in financing the costs of acquiring, constructing, equipping and improving the Project, including a portion of the costs of the issuance of the Series 2000 Bonds. Section 5. Terms and Provisions of Series 2000 Bon~. (a) General. The Series 2000 Bonds shall be issued and secured under the terms of the Indenture and shall be issued in the forms and shall be numbered and payable as provided in the Indenture. The forms of the Series 2000 Bonds submitted to this Council, subject to appropriate insertions and revisions in order to comply with the prowsions hereof and o~' the Indenture, are hereby approved, and when the same shall be executed on behalf of the Issuer by the appropriate officers thereof in the manner contemplated hereby and by the Indenture, in an aggregate principal amount of not to exceed $12,500,000, shall represent the approved forms of Series 2000 Bonds.