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b) The County's debt management and budgetary and <br />fiscal management policies have been carried out consistently <br />in accordance with the law. <br />c) The County believes that any increase in the <br />County's property tax rate will be minimal and necessary to <br />provide for principal and interest payments on the bonds. The <br />The Board recognizes that other bond issues previously <br />approved by the County's voters and other contemplated <br />County financings may also require tax increases for <br />repayment. <br />3. The Finance Officer is authorized and directed to proceed <br />with the proper steps toward the issuance of such bonds, including <br />proceeding with an application to the LGC for its approval of such <br />bonds. The Board appoints the Finance Officer as the County's <br />authorized representative with respect to the LGC application <br />process. <br />4. All County officers and employees are authorized and <br />directed to take all such further action as they may. consider <br />necessary or desirable in connection with the furtherance of the <br />purposes of this resolution. All such prior actions of County officers <br />and employees are ratified, approved and confirmed. All other <br />resolutions, or parts thereof, in conflict with this resolution are <br />repealed, to the extent of the conflict. This resolution takes effect <br />immediately. <br />This the 18th day of May 2004. <br />`i'.~ <br /> <br />Donna S. Baker <br />Clerk to the Board <br />