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RESOLUTION OF THE
AUGUSTA-RICHMOND COUNTY COMMISSION
WHEREAS, the Augusta-Richmond County Commission (the "Commission") adopted a
resolution on September 6,2006, for the purpose of submitting to the qualified voters ofthat political
subdivision of the State of Georgia now known as Augusta, Georgia ("Augusta") the question of
whether to impose, levy, and collect a one percent sales and use tax (the "Sales Tax") within
Augusta, conditioned upon approval by the qualified voters voting in an election held on November
8, 2005 for such purpose, and providing that in the event the Sales Tax is approved by the voters
such vote shall also constitute approval ofthe issuance of general obligation debt of Augusta in the
principal amount of$44,000,000 (the "Bonds") for the purpose of financing the cost of certain public
facilities for Augusta, consisting of an exhibit hall and expansion of county jail facilities known as
the Webster Detention Center (collectively, the "ProjeCt"); and
WHEREAS, the election was held on November 8, 2005 in accordance with said resolution
and a majority ofthe qualified voters voting in said election voted in favor of the imposition ofthe
Sales Tax and the issuance ofthe Bonds in the principal amount of $44,000,000.
WHEREAS, prior to the issuance ofthe Bonds, the Commission reasonably expects Augusta
may expend funds on the Project and wishes to be reimbursed for such expenditures from proceeds
ofthe sale of the Bonds; and
WHEREAS, the Commission wishes to adopt this resolution for the purpose of declaring
its official intent to issue the Bonds and to reimburse the above described expenditures from
proceeds of the sale of the Bonds; and
WHEREAS, prior to the issuance ofthe Bonds, the Bonds must be validated in the Superior
Court of Richmond County, and the Commission wishes to authorize the Mayor of Augusta to notify
the District Attorney of the Augusta Judicial Circuit of the proposed issuance of the Bonds and to
request said District Attorney to institute a proceeding to validate the Bonds.
NOW THEREFORE, be it resolved by the Commission as follows:
1. Prior to issuance of the Bonds, the Commission reasonably expects that Augusta may
expend funds on the Project. The Commission wishes to be reimbursed for such expenditures from
Bond proceeds. Therefore, the Commission, pursuant to Treasury Regulation S 1.150-2, hereby
declares its official intent to issue the Bonds in the principal amount of$44,000,000 and to reimburse
original expenditures on the Project with proceeds from the sale ofthe Bonds.
2. The Mayor is hereby authorized and requested to notify the District Attorney of the
Augusta Judicial Circuit of the proposed issuance ofthe Bonds, to request said District Attorney to
institute a proceeding to affirm and validate the Bonds and to pass upon the security therefor, and
the Mayor is further authorized to acknowledge service, submit an answer and execute and deliver
such other documents and papers as may be necessary in connection with the validation proceedings.
CLERK'S CERTIFICATE
The undersigned Clerk ofthe Augusta-Richmond County Commission (the "Commission"),
hereby certifies that the foregoing is a true and correct copy of a resolution duly adopted by the
Commission at a meeting called and held on March 29,2006, at which meeting a quorum of the
Commission members were present and L voted in favor of said resolution, L voted against
the resolution and _ abstained from voting; that said resolution was lawfully adopted, has been
spread upon the corporate records ofthe Commission, has not been modified or amended, and is in
full force and effect.
IN WITNESS WHEREOF, I have hereunto St;t my hand and affixed the seal of Augusta,
Georgia, this March 29,2006.
(S E A L)
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IV 0 Clerk, August . chmond County Commission