RES-2004-054 Resolution Providing Final Approval of Terms & Documents for County’s 2004 Installment Financing

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3~ Exhibit B -- Draft Documents (a) abA draft dated June 3, 2004, of an Installment .Financing Contract (the "Financing Contract"), between the County and Orange County Public Facilities Company (the "Company), providing for the advance of funds to the County for the County's undertaking of the. Projects. (b) abA draft dated June 3, 2004, of a Deed of Trust and Security Agreement from the County to a deed of trust trustee for the .Company's benefit, providing for a security interest in the proposed new high school (and the associated land) to secure the County's obligations under the Financing Contract. (c) abA draft dated June 3, 2004, of a Trust Agreement between the Company and a Trustee, providing for the issuance of certificates of participation (the "Certificates") in the County's financing obligations to generate funds for the advance to the County under the Financing Contract (d) abA draft dated June 7, 2004, of a Contract of Purchase, providing for an underwriter's obligation to purchase the Certificates. The Contract for Purchase includes a Letter of Representation to be delivered by the County. (e) abA draft dated June 3, 2004, of a Lease, providing for the County to lease the new high school and its associated property back to the Chapel Hill - Carrboro school board (the "School Board"). (f) abA draft dated June 3, 2004, of an Agency Agreement, providing for the School Board to undertake the acquisition and construction of the new high school as the County's agent.