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Agreement may not exceed $36,500,000 and (ii) before executing and delivering the Agreement, <br />the County Manager and the Finance Director shall obtain confirmation satisfactory to either of <br />them from each of the rating agencies that the execution and delivery of the Agreement will not <br />have any negative impact on the County's respective long -term ratings with such rating agencies. <br />The County Clerk is hereby authorized to affix the seal of the County to the Agreement and to <br />attest to the same. <br />Section 3. The Chairman of the Board of Commissioners, the County Manager, the <br />Finance Director and the County Attorney are each hereby authorized to take any and all such <br />further action, including approval of modifications to the Agreement, and to execute and deliver <br />for and on behalf of the County such other documents and certificates as they may deem <br />necessary or advisable to carry out the intent of this resolution and to effect the transactions <br />contemplated by the Agreement and such other documents or certificates. The County Clerk is <br />hereby authorized to affix the seal of the County to such documents and certificates as may be <br />appropriate and to attest to the same and to execute and deliver the same as may be needed. <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 />APPROVING INTERGOVERNMENTAL AGREEMENT BETWEEN THE CITY OF <br />KANNAPOLIS AND THE COUNTY; AUTHORIZING THE EXECUTION AND DELIVERY <br />OF RELATED DOCUMENTS IN CONNECTION THEREWITH; AND PROVIDING FOR <br />CERTAIN OTHER RELATED MATTERS" was adopted and passed by the following vote: <br />AYES: <br />NOES: <br />3 <br />G -3 Page 184 <br />