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February 16, 2015 (Regular Meeting) Page 2293 by the Chairman of the Board of Commissioners or the County Manager shall conclusively evidence such approval of all such details of said refinancing. Section 11. Each of the Chairman of the Board of Commissioners, the County Manager and the Director of Finance are authorized to approve all details of the refinancing of all or a portion of the Original 2008C Contract and the related portion of the Refinanced Projects, including, without limitation, the amount advanced under the 2008C First Contract Amendment and the aggregate principal amount of the 20150 Limited Obligation Refunding Bonds and /or Certificates (which, when combined with the aggregate principal amount of the 2015A Limited Obligation Refunding Bonds and /or Certificates, the 2015B Limited Obligation Refunding Bonds and /or Certificates and the 2015D Limited Obligation Refunding Bonds and /or Certificates, shall not exceed $211,615,000), the maturities, the principal amounts and the interest amounts of the 2008C Installment Payments and the 2015C Limited Obligation Refunding Bonds and /or Certificates, which interest amounts (calculated with respect to the 2C15C Limited Obligation Refunding Bonds and /or Certificates) shall not exceed 6.0% per annum on an effective interest cost basis, the prepayment terms and prices (which shall not exceed 1030 of the principal amount being prepaid) and the Underwriters' discount (exclusive of any original issue discount) or Placement Agents' compensation (which shall not exceed 2.0% of the principal amount of the 20150 Limited Obligation Refunding Bonds and /or Certificates) . Execution of the 2008C First Contract Amendment by the Chairman of the Board of Commissioners or the County Manager shall conclusively evidence such approval of all such details of said refinancing. Section 12. Each of the Chairman of the Board of Commissioners, the County Manager and the Director of Finance are authorized to approve all details of the refinancing of all or a portion of the Original 2009 Contract and the related portion of the Refinanced Projects, .including, without limitation, the amount advanced under the 2009 First Contract Amendment and the aggregate principal amount of the 2015D Limited Obligation Refunding Bonds and /or Certificates (which, when combined with the aggregate principal amount of the 2015A Limited Obligation Refunding Bonds and /or Certificates, the 2015b Limited Obligation Refunding Bonds and /or Certificates and the 2015C Limited Obligation Refunding Bonds and /or Certificates, shall not exceed $211,615,000), the maturities, the principal amounts and the interest amounts of the 2009 Installment Payments and the 2015D Limited Obligation Refunding Bonds and /or Certificates, which interest amounts (calculated with respect to the 2015D Limited Obligation Refunding Bonds and /or Certificates) shall not exceed 6.0% per annum on an effective interest cost basis, the prepayment terms and prices (which shall not exceed 103% of the principal amount being prepaid) and the Underwriters' discount (exclusive of any original issue discount) or Placement Agents' compensation (which shall not exceed 2.0% of the principal amount of the 2C15D Limited Obligation Refunding Bonds and /or Certificates). Execution of the 2009 First Contract Amendment by the Chairman of the Board of Commissioners or the County Manager shall conclusively evidence such approval of all such details of said refinancing. Section 13. The Chairman of the Board of Commissioners, the County Manager, the Director of Finance and the County Attorney are hereby authorized to take any and all such further action, including approval of modifications to the Financing Documents, and to execute and deliver for and on behalf of the County such other documents and certificates (including, without limitation, agreements with securities depositories, financing statements, tax certificates and agreements and other documents and agreements (including repurchase agreements) relating to the investment of the proceeds from the execution and delivery of the 2007 Contract, the 2008A Contract, the 2008C Contract or the 2009 Contract, respectively) as they may deem necessary or advisable to carry out the intent of this resolution and to effect the refinancing pursuant to the 2007 First Contract Amendment, the 2008A First Contract Amendment, the 2008C First Contract Amendment, the 2009 First Contract Amendment and the other Financing Documents. The Clerk to the Board is hereby authorized to affix the seal of the County to such documents and certificates as may be appropriate and to attest to the same and to execute and deliver the same as may be needed. In addition, said officers are hereby authorized to cooperate with the Underwriters and /or Placement Agents in preparing and filing such filings under state securities or "blue sky" laws (including special consents to service of process) as the Underwriters and /or Placement Agents may request and as the Chairman of the Board of Commissioners, the County Manager or the Director of Finance shall determine. Section 14. The County covenants that, to the extent permitted by the Constitution and laws of the State of North Carolina, it will do and perform all acts and things to comply with the requirements of the Internal Revenue