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"EXHIBIT A" <br /> RESOLUTION NO. 11 <br /> A RESOLUTION OF THE BOARD OF DIRECTORS OF THE INDUSTRIAL <br /> DEVELOPMENT CORPORATION OF THE CITY OF EVERETT, TAKING <br /> OFFICIAL ACTION WITH RESPECT TO THE ISSUANCE OF ITS <br /> NONRECOURSE REVENUE BONDS IN THE AMOUNT OF UP TO <br /> $4,100,000 TO PROVIDE FUNDS TO ELIZABETH A. LYNN TRUST. <br /> WHEREAS, pursuant to Chapter 300, Laws of Washington 1981, codified as Chapter <br /> 39.84 RCW, as amended (the "Act"), Ordinance No. 866-62, (the "Ordinance") of the City <br /> Council of the City of Everett (the "City Council") and the Charter of the Industrial Development <br /> Corporation of the City of Everett (the "Development Corporation"), the Development <br /> Corporation is authorized to issue nonrecourse revenue bonds to finance industrial development <br /> facilities (as defined in the Act) under the conditions and limitations set forth in the Act; and - <br /> WHEREAS, the Elizabeth A. Lynn Trust, a Washington private trust (the "Borrower"), <br /> intends to undertake a project consisting of the acquisition, construction and equipping of <br /> manufacturing facilities as described with particularity on Schedule 1 attached hereto and <br /> incorporated by this reference herein (the "Project") within the boundaries of the City, which <br /> Project constitutes an industrial development facility under the Act; and <br /> WHEREAS, the Board of Directors of the Development Corporation deems it advisable <br /> for the Development Corporation (i) to issue its nonrecourse revenue bonds (the "Bonds") for the <br /> purpose of financing the Project and (ii) to enter into contracts and agreements with the Borrower <br /> whereunder the Borrower will provide money sufficient to pay the principal of, premium, if any, <br /> and interest on such Bonds; Now, Therefore, <br /> BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE INDUSTRIAL <br /> DEVELOPMENT CORPORATION OF THE CITY OF EVERETT, as follows: <br /> Section 1. It is hereby determined that (a) the acquisition, construction and equipping of <br /> the Project and its operation as an industrial development facility; (b) the issuance of up to <br /> $4,100,000 principal amount of the Bonds of the Development Corporation to finance all or a <br />