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AG 2006 08 21
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AG 2006 08 21
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Last modified
8/24/2006 1:40:13 PM
Creation date
11/27/2017 11:33:43 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
8/21/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />WHEREAS, the Board of Commissioners desires to approve the Financing Documents <br /> <br />and to authorize other actions in connection therewith; <br /> <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners, as follows: <br /> <br /> <br />Section 1. All actions taken by or on behalf of the County to date to effectuate the <br /> <br /> <br />proposed financing, including the selection of the Bank as the counterparty to the installment <br /> <br /> <br />financing contract and Helms Mulliss & Wicker, PLLC, as special counsel, are hereby ratified, <br /> <br /> <br />approved and authorized pursuant to and in accordance with the transactions contemplated by the <br /> <br /> <br />Financing Documents. <br /> <br /> <br />Section 2. The acquisition, construction and equipping of the Project, the financing <br /> <br /> <br />thereof and the granting of security interests therein, all as provided in the Financing Documents <br /> <br /> <br />referenced in this Resolution, are hereby ratified and approved. <br /> <br />Section 3. Each of the Contract, the Deed of Trust and the Escrow Agreement is hereby <br /> <br /> <br />approved in substantially the form submitted to this meeting, and each of the Chairman of the <br /> <br /> <br />Board. of Commissioners or the County Manager is hereby authorized to execute and deliver <br /> <br /> <br />each of those documents in the name and on behalf of the County, with such changes, insertions <br /> <br />or omissions as the persons executing such documents may approve, the execution and delivery <br /> <br />thereof to constitute conclusive evidence of such approval. The County Clerk is hereby <br /> <br />authorized to affix the seal of the County to each of said documents as may be appropriate and to <br /> <br />attest to the same. <br /> <br />Section 4. Each of the Chairman of the Board of Commissioners, the County Manager <br /> <br />and the Finance Director is authorized to approve all details of the financing of the Project, <br /> <br />including, without limitation, the amount advanced under the Contract (which shall not exceed <br /> <br />$15,000,000), the principal amounts and the interest amounts of the Installment Payments, which <br /> <br />3 <br />E-l <br />
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