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owners thereof for purposes of federal income taxation, except to the extent that the County <br />obtains an opinion of bond counsel to the effect that noncompliance would not result in interest <br />with respect to the 2002 Certificates being includable in the gross income of the owners of the <br />2002 Certificates for purposes of federal income taxation. <br /> <br /> Section 9. This Resolution shall become effective immediately upon its adoption. <br /> <br /> Thereupon, upon motion of Commissioner ., seconded by <br /> <br />Commissioner ., the foregoing resolution entitled "RESOLUTION <br /> <br />APPROVING INSTALLMENT CONTRACT FINANCING FOR VARIOUS PUBLIC <br />IMPROVEMENT PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO <br />$30,000,000 AND THE EXECUTION AND DELIVERY BY 'THE CABARRUS COUNTY <br />DEVELOPMENT CORPORATION OF CERTIFICATES OF PARTICIPATION RELATED <br />THERETO, AUTHORIZING THE EXECUTION AND DELIVERY OF RELATED <br />DOCUMENTS IN CONNECTION THEREWITH, AND PROVIDING FOR CERTAIN <br />OTHER RELATED MATTERS" was adopted and passed by the following vote: <br /> <br />AYES: <br />NOES: <br /> <br /> <br />