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05/20/20013 <br /> provided that the aggregate principal component of the portion of the Lease Payments <br /> due under the Lease Agreement shall not exceed $3,360,000 and net present value <br /> savings shall not be less than 3%. <br /> . Section 2. Official Action. The Authorized Officers, the Secretary and any and <br /> all other officers of the Authority are hereby authorized and directed, for and in the <br /> name and on behalf of the Authority, to do any and all things and take any and all <br /> actions which they, or any of them, may deem necessary or advisable in order to <br /> consummate the transactions as described herein in connection with the refunding of <br /> the 2003 Bonds. <br /> Section 3. Effective Date. This Resolution shall take effect immediately upon <br /> adoption. <br /> PASSED AND ADOPTED this 20th day of May, 2013. <br /> ATTY/RES0.2854/PFA LEASE REVENUE BONDS PFA RESO <br /> REV:05-09-13 PT <br /> Page 3 of 3 <br />