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<br /> RESOLUTION NO. 50 <br /> SERIES 1988 <br />A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE HIGHWAY <br />AUTHORITY AGREEMENT. <br /> NOW, THEREFORE BE IT RESOLVED that Resolution No. 88-12 of <br />the W-470 Highway Authority, a copy of which is attached as <br />Exhibit A to this resolution, is hereby adopted as the financing <br />plan of the W-470 Highway Authority pursuant to Section 6.2 of <br />the W-470 Highway Authority Agreement dated as of May 25, 1988 <br />(the "Agreement") for purposes of allowing the Authority to <br />establish a $10 per year vehicle registration fee within the <br />boundaries of the Authority following a referendum thereon on <br />February 7, 1989. It is expressly agreed that such Resolution <br />shall constitute the financing plan required pursuant to Section <br />6.2 of the Agreement for purposes of establishing such vehicle <br />registration fee notwithstanding the fact that all of the <br />components of the financing plan specified in Section 6.2 of the <br />Agreement have not been established. <br /> NOW, THEREFORE BE IT FURTHER RESOLVED, that the First <br />Amendment to W-470 Highway Authority Agreement dated as of <br />November 1, 1988 (the "First Amendment") is hereby approved and <br />the appropriate officers of the (City) (County) (Town) are hereby <br />authorized to execute and deliver the First Amendment. <br /> PASSED AND ADOPTED this 1st day of November, 1988. <br /> $~~ <br /> Herman Fauson, Mayor <br />ATTEST: <br /> Clerk <br />APPROVED AS TO FORM: <br /> '"'~ <br /> 0.... ., " . .~~.......--.., <br />Step en T. Williamson, <br />City Attorney <br />