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4 <br />consistent with the Bank's proposal (or more advantageous to County in the Finance Director's <br />determination). In addition, the Documents in final form must provide (a) for the amount <br />financed by County not to exceed Eight Hundred Forty-two Thousand Thirty-eight Dollazs <br />($842,038.00) and (b) for a financing term not to extend beyond fifty-nine months from closing. <br />The Bank's proposal calls for an annual interest rate not to exceed 3.6% (in the absence of <br />default, or a change in credit or tax status). <br />3. Authorization To Finance Director To Complete Closing -The Board <br />authorizes and directs the Finance Director to hold executed copies of all financing documents <br />authorized or permitted by this Resolution in escrow on County's behalf until the conditions for <br />their delivery have been completed to such officer's satisfaction, and thereupon to release the <br />executed copies of such documents for delivery to the appropriate persons or organizations. <br />Without limiting the generality of the foregoing, the Boazd specifically authorizes the <br />Finance Director to approve changes. to any Documents, agreements or certifications previously <br />signed by County officers or employees, provided that such changes do not conflict with this <br />Resolution or substantially alter the intent from that expressed in the form originally signed. The <br />Finance Director's authorization of the release of any such document for delivery will constitute <br />conclusive evidence of such officer's approval of any such changes. <br />4. Miscellaneous Provisions -All County officers and employees are authorized <br />and directed to take all such further action as they may consider necessary or desirable in <br />fiutherance of the purposes of this Resolution. All such prior actions of County officers and <br />employees are ratified, approved and confirmed. Upon the absence, unavailability or refusal to <br />act of the County Manager, the Boazd's Chair or the Finance Director, any other of such officers <br />may assume any responsibility or carry out any function assigned in this Resolution. All other <br />httpsJ/10.253.0.7/exchangelgwilder/Inbox/Re: FW: SAMPLE DOCUM~NTS AND CREDIT OFFICER CONTACT <br />INFO.EMUI multipart xF8FF_2 Resol for Solid Waste Equip Financing.doc/C58EA28C-18C0-4a97-9AF2-036E93DDAFB3/Resol for Solid <br />Waste Equip Financing.doc?attach=l <br />