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negotiation of proposals from one or more underwriters or one or more other third parties <br />regarding the one or more long -term installment financing contract(s) included in the proposed <br />plan of financing, and consideration and negotiation of the terms of the proposed plan of <br />financing or any component thereof and the relevant legal documentation. <br />Section 4. This Resolution shall become effective immediately upon its adoption. <br />Thereupon, upon motion of Commissioner , seconded by <br />Commissioner , the foregoing resolution entitled "RESOLUTION <br />RELATING TO LONG -TERM INSTALLMENT CONTRACT FINANCINGS OF VARIOUS <br />PUBLIC SCHOOL PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO <br />$112,000,000; AUTHORIZING INTERIM INSTALLMENT CONTRACT FINANCINGS FOR <br />SUCH PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $112,000,000; <br />AUTHORIZING THE EXECUTION AND DELIVERY BY THE CABARRUS COUNTY <br />DEVELOPMENT CORPORATION OF LIMITED OBLIGATION BONDS AND /OR <br />CERTIFICATES OF PARTICIPATION RELATED TO LONG -TERM INSTALLMENT <br />CONTRACT FINANCINGS AND CALLING REQUIRED PUBLIC HEARING" was adopted <br />and passed by the following vote: <br />AYES: <br />NOES: <br />I, Megan I.E. Smit, Clerk to the Board of Commissioners for the County of Cabarrus, <br />North Carolina, DO HEREBY CERTIFY that the foregoing is a true copy of so much of the <br />proceedings of said Board of Commissioners at a regular meeting held on December 14, 2015, as <br />relates in any way to a proposed plan of financing for various public school projects (i) utilizing <br />one or more short-term installment financing contract(s) under North Carolina General Statutes <br />Section 160A -20 with one or more third parties, (ii) utilizing one or more long -term installment <br />financing contract(s) under North Carolina General Statutes Section 160A -20 with one or more <br />third parties, (iii) the call of a public hearing related to such proposed plan of financing and (iv) <br />the resolution hereinabove set forth, and that said proceedings are recorded in Minute Book No. <br />of the minutes of said Board of Commissioners, beginning at page _ and ending at page <br />4 Attachment number 1 \n <br />F -7 Page 240 <br />