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WHEREAS, the obligations of the County to make (a) the 2007 Installment Payments <br />and other payments pursuant to the 2007 Contract, (b) the 2008A Installment Payments and other <br />payments pursuant to the 2008A Contract, (c) the 2008C Installment Payments and other <br />payments pursuant to the 2008C Contract and (d) the 2009 Installment Payments and other <br />payments pursuant to the 2009 Contract, respectively, shall constitute limited obligations of the <br />County payable solely from currently budgeted appropriations of the County and shall not <br />constitute a pledge of the faith and credit of the County within the meaning of any constitutional <br />debt limitation; <br />WHEREAS, no deficiency judgment may be rendered against the County in any action <br />for breach of a contractual obligation under the 2007 Contract, the 2008A Contract, the 2008C <br />Contract or the 2009 Contract, respectively, and the taxing power of the County is not and may <br />not be pledged in any way directly or indirectly or contingently to secure any moneys due under <br />the 2007 Contract, the 2008A Contract, the 2008C Contract or the 2009 Contract, respectively; <br />and <br />WHEREAS, the Board of Commissioners desires to approve the Financing Documents <br />and to authorize other actions in connection therewith; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners, as follows: <br />Section 1. All actions taken by or on behalf of the County to date to effectuate the <br />proposed plan of refinancing, including the selection of Piper Jaffray & Co., as Underwriter <br />and /or Placement Agent and Nexsen Pruet, PLLC, as special counsel, are hereby ratified, <br />approved and authorized pursuant to and in accordance with the transactions contemplated by the <br />Financing Documents. <br />4 <br />F -6 <br />Attachment number 1 <br />Page 68 <br />