Orange County NC Website
5 <br />Official Statement to the .successful bidder on the Bonds for delivery to each potential <br />investor requesting a copy of the final Official Statement and to each person to which <br />such bidder and members of the bidding group initially sell the Bonds. <br />1l. Finance Officer To Complete Bond Closing -After the sale of the Bonds, <br />the Finance Officer and all other County officers and employees are authorized and <br />directed to take all proper steps to have the Bonds prepared and executed in accordance <br />with their terms and to deliver the Bonds to the purchaser upon payment for the Bonds. <br />The Finance Officer is authorized and directed to hold the executed Bonds, and <br />any other documents authorized or permitted by this resolution, in escrow on the <br />County's behalf until the conditions for the delivery of the Bonds and other documents <br />have been completed to the Finance Officer's satisfaction, and thereupon to release the <br />executed Bonds and other documents for delivery to the appropriate persons or <br />organizations. <br />Without limiting the generality of the foregoing, this authorization and direction is <br />specifically extended to authorize the Finance Officer (a) to enter into such agreements or <br />take such other actions as such officer may deem appropriate in connection with <br />obtaining bond insurance for the Bonds, (b) to approve agreements appropriate to carry <br />out the refunding contemplated by this resolution, including agreements for the custody <br />of Bond proceeds and agreements for appropriate professional services, and (c) to <br />approve changes to any documents or closing certifications previously signed by County <br />officers or employees, provided that the Bonds must be in substantially the form <br />approved by this resolution and that any such changes must not substantially alter the <br />intent of such certificates from that expressed in the forms of such certificates as executed <br />by such officers or employees. The Finance Officer's authorization of the release of any <br />such document for delivery will constitute conclusive evidence of such officer's approval <br />of any such changes. <br />In addition, the Finance Officer is authorized and directed to take all appropriate <br />steps for the efficient and convenient carrying out of the County's on-going <br />responsibilities with respect to .the Bonds. This authorization includes, without limitation, <br />contracting with third parties for reports and calculations that may be required under the <br />Bonds, this resolution or otherwise with respect to the Bonds. <br />12. Undertaking for Continuing Disclosure -- The County undertakes, for the <br />benefit of the beneficial owners of the Bonds, to provide continuing disclosure with <br />respect to the Bonds as described in Exhibit B. <br />The Board designates the Finance Officer as the County officer to be primarily <br />responsible for the County's compliance with its undertakings .for continuing disclosure <br />provided for in this resolution. The Finance Officer will provide for the filings and <br />4 <br />