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WHEREAS, it appears that each of the Instruments is in appropriate form and
<br />is an appropriate instrument for the purposes intended.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED BY TH~ BOA_RD OF THE
<br />COLrNTY COlvlNflSSIONERS OF THE COUNTY OF CABARRUS, NORTH CAROI JNA,
<br />AS FOI J OWS:
<br />
<br /> Section 1. That aH actions of the Purchaser in effectuating the proposed financing
<br />are hereby approved, ratified and author, zed pursuant to and in accordance with the transactions
<br />contemplated by the Instruments.
<br />
<br /> Section 2. That the Purchaser approved the acquisition, construction and
<br />installation of the Project pursuant to and in accordance with the terms of the Installment
<br />Purchase Contract, which will be a valid, legal and binding obligation of the Purchaser in
<br />accordance with its terms. The form and c~ntent of the Installment Purchase Contract are in
<br />all respects authorized, approved and conhrmed, and the County Manager arid the
<br /> Finance Officer of the Purchaser or their designees (collectively, the "Officers")
<br />are authorized, empowered and directed to execute and deliver the Installment Purchase
<br />Contract for and on behalf of the Purchaser, including necessary counterparts, in substantially
<br />the fo~m attached hereto, but with such changes, modifications, additions or deletions therein
<br />as shall to them seem necessary, desirable or appropriate, their execution thereof to constitute
<br />conclusive evidence of their approval of any and all such changes, modifications, additions or
<br />deletions, and that from and after the execution and delivery of the Installment Purchase
<br />Contract, and said officers are hereby authorized, empowered and directed to do all such acts
<br />and things and to execute all such documents as may be necessary to carry out and comply w/th
<br />the provisions of the Installment Purchase Contract as executed.
<br />
<br /> Section 3. That the form and content of the Escrow Agreement are in all respects
<br />approved and confirmed, and the Officers are authorized, empowered and directed to execute
<br />and deliver the Escrow Agreement for and on behalf of the Purchaser, including necessary
<br />counterparts, in substantially the form attached hereto, but with such changes, modifications,
<br />additions or deletions therein as shall to them seem necessary, desirable or appropriate, their
<br />execution thereof to constitute conclusive evidence of their approval of any and all such changes,
<br />modifications, additions or deletions, and that from and after the execution and delivery of the
<br />Escrow Agreement, the Officers are hereby authorized, empowered and directed to do all such
<br />acts and things and to execute all such documents as may be necessary to carry out and comply
<br />with the provisions of the Escrow Agreement.
<br />
<br /> Section 4. That the fo~m and content of the Deed of Trust are in all respects
<br />approved and confirmed, and the Officers are authorized, empowered and directed to execute
<br />and deliver the Deed of Trust for and on behalf of the Purchaser, including necessary
<br />counterparts, in substantially the form attached hereto, but with such changes, modifications,
<br />additions or deletions therein as shall to them seem necessary, desirable or appropriate, their
<br />execution thereof to constitute conclusive evidence of their approval of any and all such changes,
<br />modifications, additions or deletions, and that from and after the execution and delivery of the
<br />Deed of Trust, the Officers are hereby authorized, empowered and directed to do all such acts
<br />
<br />
<br />
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