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AG 2007 07 23
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AG 2007 07 23
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Last modified
2/1/2009 12:18:10 PM
Creation date
11/27/2017 11:31:21 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/23/2007
Board
Board of Commissioners
Meeting Type
Regular
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WHEREAS, no deficiency judgment may be rendered against the County in any action <br />for breach of a contractual obligation under the Contract, and the taxing power of the County is <br />not and may not be pledged in any way directly or indirectly or contingently to secure any <br />moneys due under the Contract; 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 [he 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 financing, including the selection of the Bank as the counterparty to [he installment <br />financing contract and Helms Mullins & Wicker, PLLC, as special counsel, are hereby ratified, <br />approved and authorized pursuant to and in accordance with the transactions contemplated by [he <br />Financing Documents. <br />Section 2. The acquisition, construction and equipping of the Project, the financing <br />thereof and the granting of security interests therein, all as provided in the Financing Documents <br />referenced in this Resolution, are hereby ratified and approved. <br />Section 3. Each of the Contract, the Deed of Trust and the Escrow Agreement is hereby <br />approved in substantially the form submitted to this meeting, and each of the Chairman of the <br />Boazd of Commissioners or the County Manager is hereby authorized to execute and deliver <br />each of those documents in the name and on behalf of the County, with such changes, insertions <br />or omissions as the persons executing such documents may approve, the execution and delivery <br />thereof to constitute conclusive evidence of such approval. The County Clerk is hereby <br />authorized to affix the seal of the County to each of said documents as may be appropriate and to <br />attest to the same. <br />3 <br />~'~ <br />
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