AG 2018 07 17 - Laserfiche WebLink

Home Browse Search

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 Femo Lease 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 Equipment, the financing thereof and the granting of security interests therein, all as provided in the Femo Lease, including the related exhibits and addendums thereto, referenced in this Resolution, are hereby ratified and approved. Section 4. The Femo Lease and the related exhibits and addendums thereto are 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 such documents in the time and on behalf of the County, with such changes, insertions or omissions as the persons executing such documents may approve, their execution and delivery thereof to constitute conclusive evidence of such approval. The County Clerk 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. Each of the Chairman of the Board of Commissioners, the County Manager and the Finance Director are authorized to approve all details of the financing of the Equipment, including, without limitation, the aggregate amount of the lease payments under the Femo Lease (which shall not exceed $700,000). Execution of the Ferric, Lease by the Chairman of the Board of Commissioners or the County Manager shall conclusively evidence such approval of all such details of said financing. Section 6. The Chairman of the Board of Commissioners, the County Manager, the Finance Director and the County Attorney are hereby authorized to take any and all such further action, including without Invitation filing one or more applications with the North Carolina Local Government Commission seeking approval of the plan of financing and approval of any modifications to the Fero Lease and the related exhibits and addendums thereto, and to execute and deliver for and on behalf of the County such other documents and certificates as they may deem necessary or advisable to carry out the intent of this resolution and to effect the financing pursuant to the Femo Lease and the related exhibits and addendums thereto. The County Clerk 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. F-6 Page 73