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REs-~o~o-oa0 2 <br />Amendment to Bond Resolution <br />WHEREAS -- <br />By a resolution adopted on December 15, 2009, the Orange County Board of <br />Commissioners approved the issuance of general obligation bonds to refinance County <br />bonds issued in 2001 and 2003. The Board previously amended the December 15 <br />resolution to allow for the refunding of County bonds issued in 2004. <br />The December 15 resolution provided for the refunding bonds to mature not later <br />than December 31, 2021. The County's financial adviser has advised the County that the <br />best overall arrangement for carrying out the refunding calls for bonds to mature beyond <br />that limitation. <br />Therefore, be it resolved by the Board of Commissioners of Orange County, <br />North Carolina, as follows: <br />1. The County's "Resolution for the Sale of Refunding Bonds" as adopted on <br />December 15, 2009, and previously amended on February 2, 2010 (the "Prior <br />Resolution"), is hereby amended to provide that the final maturity date for the refunding <br />bonds shall not extend beyond December 31, 2022. <br />2. All previous actions of County officers and representatives toward the sale <br />and issuance of the refunding bonds are ratified and approved. <br />3. Except as expressly amended by this resolution, the Prior Resolution is <br />ratified and confirmed. This amending resolution takes effect immediately. <br />