1. I just refinanced.

2. Typically, the mortgage Amortizes over 30 years, but carries a "balloon payment," which means the loan must be repaid or refinanced after three to five years

3. Authorizing Resolution means the resolution of the Board adopted April , 2008, Authorizing general revenue pledge bonds in an amount not to exceed $300,000,000, approving certain capital improvements to be financed or refinanced with such bonds, identifying certain outstanding indebtedness of the University to be refunded and establishing certain other parameters related to such bonds.