AG 2008 11 17 - Laserfiche WebLink

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1 t NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners, as follows: Section 1. All actions taken by or on behalf of the County to date to effectuate the proposed financing, including the selection of the Seller as the counterparty to the Contract and McGuireWoods LLP, as special counsel, are hereby ratified, approved and authorized pursuant to and in accordance with the transactions contemplated by the Financing Documents. Section 2. The acquisition of the Project, the financing thereof and the granting of security interests therein, all as provided in the Financing Documents referenced in this Resolution, are hereby ratified and approved. Section 3. Each of the Contract and the Deed of Trust is hereby approved in substantially the form submitted to this meeting, and each of the Chairman of the Board of Commissioners, the County Manager or the Finance Director is hereby authorized to execute and deliver each of those documents in the name and on behalf of the County, with such changes, insertions or omissions as the persons executing such documents may approve, the execution and delivery thereof to constitute conclusive evidence of such approval. The County Clerk is hereby authorized to affix the seal of the County to each of said documents as may be appropriate and to attest to the same. Section 4. Each of the Chairman of the Board of Commissioners, the County Manager and the Finance Director is authorized to approve all details of the financing of the Project, including, without limitation, the amount advanced under the Contract (which shall not exceed $6,000,000), the principal amounts and the interest amounts of the Installment Payments, which interest amounts shall not exceed 5.00% per annum. Execution of the Contract by the Chairman of the Board of Commissioners, the County Manager or the Finance Director shall conclusively evidence such approval of all such details of said financing. 3 Item# 18 Attachment number 3 G_2 366 of 408