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RES-900-000 2 <br /> 7,4 F 3- >r io <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 />