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Section 1: The form, terms and provisions of the Memorandum of Intent <br />are hereby approved. The Village President is hereby authorized and directed <br />to execute the Memorandum of Intent by and between the Village and the Borrower, <br />and the Village Clerk is hereby authorized and directed to affix the seal of <br />the Village thereto and to attest the same; and said Village President and <br />Village Clerk are hereby authorized and directed to cause said Memorandum of <br />Intent to be delivered to, accepted and executed by the Borrower. The Memor- <br />andum of Intent, as executed and delivered, shall be in substantially the form <br />presented to this meeting or with such changes therein as shall be approved by <br />the Village President and Village Clerk, their execution thereof to constitute <br />conclusive approval of any and all changes to the form of Memorandum of Intent <br />presented to this meeting. <br />Section 2: All resolutions and orders or parts thereof, in conflict with <br />the provisions of this Resolution, are, to the extent of such conflict, hereby <br />repealed, and this Resolution shall be in immediate effect from and after its <br />passage and approval according to law. <br />PASSED <br />this <br />27th <br />day <br />of <br />July <br />, 1982. <br />APPROVED <br />this <br />27th <br />day <br />of <br />July <br />, 1982. <br />ATTEST: <br />Patricia S. Smithl <br />Village Clerk <br />- 2 - <br />Charles J. Zettek <br />Village President <br />