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54 <br /> - income from absent military personnel who are <br /> r ,l considered family members of the household. <br /> Net Assets (new) - The equity value of real Property such <br /> as land, buildings, Certificates of Deposit, Checking and <br /> Savings accounts, money market accounts, stocks, bonds, <br /> cash, IRA of KEOUGH accounts, gold or precious metals, <br /> and business equipment. <br /> Family or personal assets such as furniture, automobiles, <br /> wheelchairs or other special equipment, household goods, <br /> boats and recreational vehicles are not included. <br /> VOTE: UNANIMOUS <br /> D. LEASE PURCHASE PROPOSAL = FIRST WACHOVIA <br /> LEASING <br /> Motion was made by Commissioner Marshall, seconded by <br /> Commissioner Hartwell to approve a lease purchase proposal submitted <br /> by First Wachovia Leasing for the purchase of a hazardous materials <br /> vehicle and for telecommunications hardware and software, adopt the <br /> required resolution as stated below and to authorize the Chair to <br /> sign the final lease documents, pending completion and review by the <br /> County Attorney, the County Finance Director and the County's Bond <br /> Counsel. <br /> NORTH CAROLINA <br /> RESOLUTION OF THE BOARD <br /> OF COMMISSIONERS OF <br /> ORANGE COUNTY ORANGE COUNTY <br /> The Board of Commissioners of Orange County, North Carolina <br /> (Lessee) represents that it reasonably expects that it and all <br /> subordinate entities of it will not issue in the aggregate more than <br /> $10, 000,000.00 of tax-exempt obligations (not counting private- <br /> activity bonds except for qualified 501(c) (3) bonds as defined in <br /> the Internal Revenue Code of 1986, as amended) during calendar year <br /> 1990. In addition, Lessee hereby designates the obligation referred <br /> to as Master Lease Agreement between First Wachovia Leasing <br /> Corporation and Lessee as a "qualified tax-exempt obligation" within <br /> the meaning of Section 265(b) (3) (B) of the Internal Revenue Code of <br /> 1986, as amended. <br /> VOTE: UNANIMOUS <br /> XI. APPOINTMENTS <br /> The following appointments were duly approved by the Board: <br /> LIBRARY BOARD OF TRUSTEES - Viola Crowder to a second term <br /> OWASA BOARD OF DIRECTORS - Lois Herring to a second term <br /> BOARD OF HEALTH - Ruth Royster to a third term and Carole <br /> Stemkowsi to a first term <br />