Laserfiche WebLink
with the requirements of the Internal Revenue Code of 1986, as <br />amended (the "Code"), in order to assure that interest paid on <br />the Bonds will not be includable in the gross income of the <br />owners thereof for purposes of federal income taxation, except to <br />the extent that the County obtains an opinion of bond counsel to <br />the effect that noncompliance would not result in interest on the <br />Bonds being includable in the gross income of the owners of the <br />Bonds for purposes of federal income taxation. <br /> <br /> Section 10. This Resolution shall become effective <br />immediately upon its adoption. <br /> <br /> Thereupon, upon motion of Commissioner , <br /> <br />seconded by Commissioner , the foregoing <br /> <br />resolution entitled "RESOLUTION APPROVING INSTALLMENT CONTRACT <br />FINANCING FOR WESTSIDE HIGH SCHOOL PROJECT IN AN AGGREGATE <br />PRINCIPAL AMOUNT UP TO $30,000,000 AND THE ISSUANCE BY THE <br />CABARRUS COUNTY DEVELOPMENT CORPORATION OF INSTALLMENT PAYMENT <br />REVENUE BONDS RELATED THERETO, AUTHORIZING THE EXECUTION AND <br />DELIVERY OF RELATED DOCUMENTS IN CONNECTION THEREWITH AND MAKING <br />CERTAIN FINDINGS" was adopted and passed by the following vote: <br /> <br /> AYES: <br /> <br />NOES: <br /> <br />9 <br /> <br /> <br />