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contemplated by this resolution is intended as temporary financing, to be replaced <br />prior to next May 1 by longer-term permanent financing. <br />3. Authorization to Finance Officer To Complete Closing -The Board <br />authorizes and directs the Finance Officer to hold executed copies of all financing <br />documents authorized or permitted by this resolution in escrow on the County's <br />behalf until the conditions for their delivery have been completed to such officer's <br />satisfaction, and thereupon to release the executed copies of such documents for <br />delivery to the appropriate persons or organizations. <br />Without limiting .the generality of the foregoing, the Board specifically <br />authorizes the Finance Officer to approve changes to any Documents; agreements <br />or certifications previously signed by County officers or employees, provided that <br />such changes do not conflict with this resolution or substantially alter the intent <br />from that expressed in the form originally signed. The Finance Officer's <br />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. Resolutions As To Tax Matters -- The County will not take or omit to <br />take any action the taking or omission of which will cause its obligations to pay <br />principal and interest (the "Obligations") to be "arbitrage bonds," within the <br />meaning of Section 148 of -the "Code" (as defined below), or "private activity <br />bonds" within the meaning of Code Section 141, or otherwise cause interest <br />components of the installment payments to be includable in gross income for <br />federal income tax purposes. Without limiting the generality of the foregoing, the <br />County will comply with any Code provision that may require the County at any <br />time to pay to the United States any part of the earnings derived from the <br />investment of the financing proceeds. In this resolution, "Code" means the United <br />States Internal Revenue Code of 1986, as amended, and includes applicable <br />Treasury regulations. <br />5. Miscellaneous Provisions -- All County officers and employees axe <br />authorized and directed to .take all such further action as they may consider <br />necessary or desirable in furtherance of the purposes of this resolution. All such <br />prior actions of County officers and employees are ratified, approved and <br />confirmed. Upon the absence, unavailability or refusal to act of the County <br />Manager,. the Board's Chair or the Finance Officer, any other of such officers may <br />assume any responsibility or carry out any function assigned in this resolution. <br />All other Board proceedings, or parts thereof, in conflict with this resolution are <br />repealed, to the extent of the conflict. This resolution takes effect immediately. <br />