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portion of the ad valorem taxes received or to be received by the County on the incremental <br />valuation accruing to the District; <br />WHEREAS, the City has requested the County to provide such assistance pursuant to an <br />interlocal agreement and the County has determined it is in the best interests of the County to do <br />so; <br />WHEREAS, there has been submitted to this meeting a draft form of an <br />Intergovernmental Agreement (the "Agreement") between the City and the County, pursuant to <br />which the County, to the extent and subject to the limitations set forth in the Agreement, pledges <br />the County Contribution (as defined in the Agreement) as security for repayment of the Bonds as <br />set forth in the Agreement <br />WHEREAS, the Board of Commissioners desires to approve the Agreement and to <br />authorize other actions in connection therewith; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners, as follows: <br />Section 1. All actions taken by or on behalf of the County to date relating to the <br />negotiation of the Agreerttent are hereby ratified, approved and authorized pursuant to and in <br />accordance with the transactions contemplated by the Agreement. <br />Section 2. The Agreement is hereby approved in substantially the form submitted to this <br />meeting, and the Chairman of the Board of Commissioners, the Vice-Chairman of the Board of <br />Commissioners and the bounty Manager, jointly but not severally, are hereby authorized to <br />execute and deliver the Agreement in the name and on behalf of the County, with such changes, <br />insertions or omissions as the persons executing the Agreement may jointly approve, the <br />execution and delivery thereof to constitute conclusive evidence of such joint approval. The <br />°! C,`~ <br />2 <br />