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April 16, 2018 (Regular Meeting) Page 3517
<br />Section 4. Each of the Contract(s) and the Deed of Trust is hereby
<br />approved in substantially the form submitted to this meeting, and each of the
<br />Chairman of the Board of Commissioners or the County Manager is hereby
<br />authorized to execute and deliver each of those documents in the name and on
<br />behalf of the County, with such changes, insertions or omissions as the persons
<br />executing such documents may approve, including but not limited to changes,
<br />insertions or omissions related to obtaining a policy of municipal bond
<br />insurance with respect to all or a portion of any Certificates and/or Bonds,
<br />their execution and delivery thereof to constitute conclusive evidence of such
<br />approval. The County Clerk is hereby authorized to affix the seal of the County
<br />to each of said documents as may be appropriate and to attest to the same.
<br />Section 5. The Trust Indenture (including the form of Certificate and/or
<br />Bond) is hereby approved in substantially the form submitted to this meeting,
<br />with such changes, insertions or omissions as appropriate, including but not
<br />limited to changes, insertions or omissions related to obtaining a policy of
<br />municipal bond insurance with respect to all or a portion of any Certificates
<br />and/or Bonds, as the representative(s) of the County executing the Contract(s)
<br />may approve, the execution and delivery of the Contract(s) to constitute
<br />conclusive evidence of such approval. The Board of Commissioners hereby
<br />approves the sale of Certificates and/or Bonds by the Corporation in an
<br />aggregate principal amount not in excess of the amount of moneys to be advanced
<br />to the County pursuant to the Contract(s).
<br />Section 6. Each of the Preliminary Official Statement and the Official
<br />Statement, in substantially the form of the Preliminary Official Statement
<br />submitted to this meeting, is hereby approved in substantially such form, with
<br />such changes, insertions and omissions as appropriate, including but not limited
<br />to changes, insertions or omissions related to a private placement of all or a
<br />portion of the 2018 Limited Obligation Bonds or related to obtaining a policy
<br />of municipal bond insurance with respect to all or a portion of the 2018 Limited
<br />Obligation Bonds; and the use thereof by the Underwriters and/or Placement
<br />Agents in connection with the public offering and sale or private placement of
<br />the 2018 Limited Obligation Bonds is hereby authorized. Each of the Chairman
<br />of the Board of Commissioners or the County Manager is hereby authorized to
<br />execute and deliver in the name and on behalf of the County the final Official
<br />Statement in substantially such form, with such changes, insertions and
<br />omissions, including but not limited to changes, insertions or omissions related
<br />to a private placement of all or a portion of the 2018 Limited Obligation Bonds,
<br />or related to obtaining a policy of municipal bond insurance with respect to
<br />all or a portion of the 2018 Limited Obligation Bonds, as the person executing
<br />the final Official Statement may approve, the execution and delivery of the
<br />final Official Statement to constitute conclusive evidence of such approval.
<br />Section 7. Each of the Chairman of the Board of Commissioners, the County
<br />Manager and the Director of Finance are authorized to approve all details of
<br />the financing of the Projects, including, without limitation, the amount
<br />advanced under the Contracts) and the aggregate principal amount of any
<br />Certificates and/or Bonds (which shall not exceed $55,000,000), the maturities,
<br />the principal amounts and the interest amounts (if any) of the Installment
<br />Payments and any Certificates and/or Bonds, which interest amounts (calculated
<br />with respect to any Certificates and/or Bonds) shall not exceed 6.58 per annum
<br />on an effective interest cost basis, the prepayment terms and prices (which
<br />shall not exceed 1038 of the principal amount being prepaid) and the
<br />Underwriters' discount (exclusive of any original issue discount) or Placement
<br />Agents' compensation (which shall not exceed 2.08 of the principal amount of
<br />any Certificates and/or Bonds). Execution of the Contract(s) by the Chairman
<br />of the Board of Commissioners or the County Manager shall conclusively evidence
<br />such approval of all such details of said financing.
<br />Section 8. The Chairman of the Board of Commissioners, the County
<br />Manager, the Director of Finance and the County Attorney are hereby authorized
<br />to take any and all such further action, including approval of modifications to
<br />the Financing Documents, and to execute and deliver for and on behalf of the
<br />County such other documents and certificates (including, without limitation,
<br />agreements with securities depositories, financing statements, one or more
<br />contracts of purchase or purchase agreements, one or more placement agreements,
<br />one or more private placement agreements or other offering documents or
<br />memoranda, tax certificates and agreements and other documents and agreements
<br />(including repurchase agreements) relating to the investment of the proceeds
<br />from the execution and delivery of the Contract(s)) as they may deem necessary
<br />or advisable to carry out the intent of this resolution and to effect the
<br />financing pursuant to the Contract(s) and the other Financing Documents. The
<br />County Clerk is hereby authorized to affix the seal of the County to such
<br />documents and certificates as may be appropriate and to attest to the same and
<br />to execute and deliver the same as may be needed. In addition, said officers
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