CORPORATE RESOLUTION TO EXECUTE LOAN AGREEMENT A special meeting of the Board of Directors of ________________________________________ __________________________(the Corporation) was held at ____________________________ ____________ on ________________________, 199__, at ___________o’clock ___.M. This meeting was called to order by _______________________________, the President of the Corporation, after due notice to all directors of the meeting and, upon roll call, it was found that a quorum of the Board of Directors was present. The following resolutions were adopted: RESOLVED, that the Corporation is authorized to apply to the Florida Department of Environmental Protection for a State Revolving Fund loan to finance ______________________ _____________________ (the Project). RESOLVED, that the revenues pledged for repayment of the loan are the __________________ ______________________________________________________________________________ of the Corporation, after payment of debt service on the following senior obligations: __________________________________________________________________________ __________________________________________________________________________ __________________________________________________________________________ RESOLVED, that the _____________________________________ (position title) is authorized to sign the loan application and to provide the assurances and commitments required therein. RESOLVED, that the _____________________________________ (position title) is designated as the Authorized Representative to execute the loan agreement, which will become a binding obligation in accordance with its terms when signed by both parties. RESOLVED, that the _____________________________________ (position title) is designated as the Authorized Representative to represent the Corporation in carrying out the Corporation’s responsibilities under the loan agreement. Et cetera. ____________________________________ Chairman This resolution must be attested, sealed, and certified by an appropriate official. Note: Two or more of the above resolution statements may be combined when the same person is designated for different responsibilities.