58-10

WHEREAS, in accordance with the terms of the Escrow Agreement, the Trust has sold its bonds to fund the Trust Loan, thereby enabling the Local Unit to confirm the exact aggregate principal amount of and debt service schedule for the Local Unit Loan Bonds. NOW, THEREFORE, BE IT RESOLVED by a 2/3 vote of the full membership of the governing body of the Local Unit as follows: Section 1. The sale of the Trust Loan Bond to the Trust and the Fund Loan Bond to the State is hereby confirmed. The Trust Loan Bond shall be released from escrow in accordance with the terms of the Escrow Agreement and thereby issued in accordance with the principal loan amount, interest rates and maturity schedule set forth on Schedule A attached hereto and made a part hereof. The Fund Loan Bond shall be issued in accordance with the maturity schedule set forth on Schedule B attached hereto and made a part hereof. Section 2. This resolution shall take effect immediately. Section 3. Upon the adoption hereof, the Local Unit Clerk shall forward certified copies of this resolution to John D. Draikiwicz, Esq., Gibbons P.C., Bond Counsel to the Local Unit and Richard Nolan, Esq., McCarter & English, Bond Counsel to the Trust. KAREN J. CARNEVALE, RMC, MUNICIPAL CLERK SUSAN McCARTNEY, COUNCIL PRESIDENT Adopted: March 9, 2010 #1476714 v1 100181-64376