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7 <br />them, to execute and deliver the Agreements in their final forms. The Agreements <br />in their respective final forms must be in substantially the forms presented, with <br />such changes as the Chairman or the County Manager may approve. The <br />Agreements in final form, however, must be consistent with the fmancing plan <br />described in this resolution and must provide (a) for the amount financed by the <br />County not to exceed $9,899,439.78, (b) for an annual interest rate to the County <br />not to exceed 5.49% (in the absence of a default or a change in tax status), and (c) <br />for a financing term not to extend beyond December 31, 2026. <br />In addition, the Board's Chairman and the County Manager, or either of <br />them, are authorized and directed to approve, execute and deliver any further <br />documents and agreements they deem desirable for carrying out the purposes and <br />intents of this resolution. It is the Board's understanding that the financing <br />documents may include (a) a .lease agreement, providing for the School Board to <br />continue to use the transfezred school properly during the term of the financing, <br />and (b) an agreement under which the School Board will carry out the planned <br />school improvements on the County's behalf. <br />The execution andtc~elivery of any document by an authorized officer will <br />be conclusive evidence of his approval of the fmal form of such document. <br />3. Authorization.:. to County Manager and Finance Officer To <br />Complete Closing -The County Manager, the Finance Off cer and all other <br />County officers and employees are authorized and directed to take all proper steps <br />to complete the financing in cooperation with BB&T and in accordance with the <br />terms of this resolution. <br />The Board authorizes and directs the Finance Officer to enter into an <br />agreement with BB&T to formalize the County's commitment to complete. the <br />financing with BB&T and thereby establish a "sale date" for the transaction for the <br />purpose of determining the:_tax credit rate to be applicable to the transaction for <br />BB&T. <br />The Board authorizes and directs the Finance Officer to hold executed <br />copies of all fmancing documents authorized or permitted by this resolution in <br />escrow on the County's behalf until the conditions for their delivery have been <br />completed to such officer's satisfaction, and thereupon to release the executed <br />copies of such documents for delivery to the appropriate persons or organizations. <br />Without limiting the generality of the foregoing, the Board specif cally <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 />2 <br />