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"Project Costs" means all costs and expenses incurred and to be incurred in connection with the design, engineering, acquisition, construction, equipping, permitting, testing and financing of the Projects or the refinancing ofthe Financing Lease, including all costs incurred in connection with the issuance and sale oftheBonds, capitalized interest on the Bonds or any interim financing obligations during the period of construction and initial operation of the Projects, and the funding of any necessary reserves and contingency amounts. "Revenues" means the revenues of the County appropriated from time to time in accordance with applicable law for the purpose of paying when due the amounts owning on the Bonds, which appropriated revenues will, pursuant to the Bond Authorizing Resolution, be p(edged to the payment of the Bonds; all as the same shall be more particularly described in the Bond Autliorizing Resolution. SEGTION 2. AUT'HORIZATION OF REVE(YOE BONDS TO FINANCE PROJECTS AND RELATED MATT'ERS. (A) PRINCIraL AMOUN'r. For the purpose of financing the Project Costs, the Bonds are hereby authorized to be issued pursuant to the Act in an aggregate ~rincipal amount not to exceed $28,600,000; provided ttiat in the event any Bonds are issued and sold at an origina) issue discount, such original issue discount shall not, for purposes of the maximum principal amount of Bonds authorized to be issued hereunder, be deemed to be a part of the principal amount thereof, it being t}ie intent hereof that the stated principal amount of the Bonds less any such original issue discount shall not exceed $28,600,000. The Bonds.shall be issued pursuant to this Resolution and tlie Bond Authorizing Resolution , and shall be secured by and payable from the Revenues, and shall have such terms, conditions and provisions, all as shall be set forth in the Bond Authorizing Resolution . (B~ LIMITED OBLIGATIONS SUBJECT TO APPROPRIATION. Th0 COUtlty's obligation to make payments of the principal and interest due on the Bonds in a given fiscal year shall be subject to, and conditioned upon, the Board, in its discretion, duly appropriating, in accordance with the requirements of applicable law, funds sufficient to pay such principal and interest. The Bonds and all obligations of tlie County under or with respect to the Bonds shall be and remain limited obligations of the County payable solely and only out of the Revenues and other assets and properties of the County hereafter pledged or mortgaged thereto pursuant to the Bond Authorizing Resolution (the Revenues together with such other assets and properties being herein called the "Trust Estate"). No recourse shall be had against any properties, fuuds or assets of the County (other than the Trust Estate) for the payment of any amounts owing under or with respect to the Bonds. Neither the Bonds nor the obligations of the County under or with respect thereto shall constitute or create an indebtedness of the County within the meaning of any charter, constitutional or statutory debt limitation. No recourse shall be had for the payment of the principal oYor interest on the Bonds or for any claim based thereon against any member, officer or employee of the County or any person executing tfie Bonds. RESOLUTION NO.~ (Z PAGE 4