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036-99 BOARD OF SUPERVISORS RESOLUTION HP HOOD INC. Uponmotiondulymadebyw. Harrington Smith. Jr.secondedbYMargarer R Drl1lgl.as and on the votes hereafter recorded, BE IT RESOLVED, that the Board of Supervisors for the County of Frederick, Virginia does hereby approve the payment of$500,000 to be designated to the Frederick County Industrial Development Authority from the Frederick County Economic Development Incentive Fund to assist in the site development for HP Hood Inc. BE IT RESOLVED, that said funds are subject to an executed Memorandum of Understanding outlining a performance criteria of the county. BE IT FURTHER RESOL VED, that the Board of Supervisors for the County of Frederick, Virginia, does authorize the county administrator to execute this document on its behalf. ADOPTED, this 10th day of March. 1999. James L. Longerbeam Aye Robert M. Sager ~ Richard C. Shickle Aye Margaret B. Douglas Aye W. Harrington Smith. Jr. Aye Charles W. Orndoff, Sr. ~ A COPY TESTE: ~'l Clerk, Board of Supervisors RESOLUTION NO.: 036-99 cc: 'e. William Orndoff, Jr. Cheryl B. Shiffler NB File