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L <br />The County estimates that the tax-rate impact of the additional financing for County <br />projects- will be negligible, especially since solid waste enterprise revenues will help pay debt <br />service on the financing for the convenience center improvements. Any refinancings will reduce <br />the County's debt service obligations. <br />(6) The County Attorney is of the opinion that the proposed projects are authorized by <br />law and are purposes for which public funds of the County may be expended pursuant to the <br />Constitution and laws of North Carolina. <br />BE IT FURTHER RESOLVED as follows: <br />(a) The Finance Officer is authorized and directed to take all appropriate steps toward <br />the completion of the financing, including completing an application to the LGC for its approval <br />of the proposed financing. All prior actions of County representatives in this regard are regard are <br />approved, ratified and confirmed. <br />(b) This resolution takes effect immediately. <br /> <br />I certify as follows: that the foregoing resolution was properly adopted at a meeting of the <br />Board of Commissioners of Orange County, North Carolina; that such meeting was properly <br />called and held on February 7, 2012; that a quorum was present and acting throughout such <br />meeting; and that such resolution has not been modified or amended, and remains in full effect as <br />of today. <br />Dated this day of February, 2012. <br />[SEAL] <br />Donna S. Baker <br />Clerk, Board of Commissioners <br />Orange County, North Carolina <br />