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May 18, 2009 (Regular Meeting) Page 1381 or indirectly or contingently to secure any moneys due under the Contract; and WHEREAS, the Board of Commissioners desires to approve the Financing Documents and to authorize other actions in connection therewith; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners, as follows: Section 1. All actions taken by or on behalf of the County to date to effectuate the proposed financing, including the selection of the Underwriters and McGuireWOOds LLP, as special counsel, are hereby ratified, approved and authorized pursuant to and in accordance with the transactions contemplated by the Financing Documents. Section 2. The Board of Commissioners hereby finds and confirms that (i) the Projects and the financing thereof by an installment financing contract is necessary and expedient for the County; (ii) financing of the Projects by an installment financing contract, under the circumstances, is preferable to a bond issue by the County; (iii) the sums to fall due under the installment financing contract are adequate and not excessive for their proposed purpose; (iv) the County's debt management procedures and policies are good and its debt will continue to be managed in strict compliance with law; (v) the increase in taxes, if any, necessary to meet the sums to fall due under the installment financing contract will not be excessive; and (vi) the County is not in default regarding any of its debt service obligations. Section 3. The acquisition, construction and equipping of the 2009 Project, the financing thereof and the granting of security interests therein, all as provided in the Financing Documents referenced in this Resolution, are hereby ratified and approved. Section 9. Each of the Contract, the Purchase Contract and the Deed of Trust is hereby approved in substantially the form submitted to this meeting, and each of the Chairman of the Board of Commissioners or the County Manager is hereby authorized to execute and deliver each of those documents in the name and on behalf of the County, with such changes, insertions or omissions as the persons executing such documents may approve, including but not limited to changes, insertions or omissions related to obtaining a policy of municipal bond insurance with respect to all or a portion of the 2009 Certificates, their execution and delivery thereof to constitute conclusive evidence of such approval. The County Cierk is hereby authorized to affix the seal of the County to each of said documents as may be appropriate and to attest to the same. Section 5. The Trust Indenture (including the form of 2009 Certificate) is hereby approved in substantially the form submitted to this meeting, with such changes, insertions or omissions as appropriate, including but not limited to changes, insertions or omissions related to obtaining a policy of municipal bond insurance with respect to all or a portion of the 2009 Certificates, as the representative(s) of the County executing the Contract may approve, the execution and delivery of the Contract to constitute conclusive evidence of such approval. The Board of Commissioners hereby approves the sale of the 2009 Certificates by the Corporation in an aggregate principal amount not in excess of the amount of moneys to be advanced to the County pursuant to the Contract. Section 6. Each of the Preliminary Official Statement and the Official Statement, in substantially the form of the Preliminary Official Statement submitted to this meeting, is hereby approved in substantially such form, with such changes, insertions and omissions as appropriate, including but not limited to changes, insertions or omissions related to obtaining a policy of municipal bond insurance with respect to all or a portion of the 2009 Certificates, and the use thereof by the Underwriters in connection with the public offering and sale of the 2009 Certificates is hereby authorized. Each of the Chairman of the Board of Commissioners or the County Manager is hereby authorized to execute and deliver in the name and on behalf of the County the final Official Statement in substantially such form, with such changes, insertions and omissions, including but not limited to changes, insertions or omissions related to obtaining a policy of municipal bond insurance with respect to all or a portion of the 2009 Certificates, as the person executing the final Official Statement may approve, the execution and delivery thereof to constitute conclusive evidence of such approval. Section 7. Each of the Chairman of the Board of Commissioners, the County Manager and the Director of Finance are authorized to approve all