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County hereby designates each of the Certificates and /or Bonds as a "qualified school <br />construction bond." The Chairman of the Board of Commissioners, the County Manager or the <br />Director of Finance are each hereby delegated the authority to make the election under Section <br />643 1 (f)(3)(B) of the Code to treat the Certificates and /or Bonds as "specified tax credit bonds" <br />within the meaning of Section 6431(f) of the Code on or before the issue date of the Certificates <br />and /or Bonds. <br />Section . 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 />APPROVING INSTALLMENT CONTRACT FINANCING FOR VARIOUS PUBLIC <br />SCHOOL PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $14,637,160 <br />AND THE EXECUTION AND DELIVERY BY THE CABARRUS COUNTY <br />DEVELOPMENT CORPORATION OF CERTIFICATES OF PARTICIPATION AND /OR <br />LIMITED OBLIGATION BONDS RELATED THERETO, AUTHORIZING THE <br />EXECUTION AND DELIVERY OF RELATED DOCUMENTS IN CONNECTION <br />THEREWITH, AND PROVIDING FOR CERTAIN OTHER RELATED MATTERS" was <br />adopted and passed by the following vote: <br />AYES: <br />12161M i <br />I, Gwendolyn. Kay Honeycutt, Clerk to the Board of Commissioners for the County of <br />Cabarrus, North Carolina, DO HEREBY CERTIFY that the foregoing is a true copy of so much <br />of the proceedings of said Board of Commissioners at a meeting held on September 20, 2010, as <br />7 <br />Page 359 <br />G -4 <br />