Orange County NC Website
Browse       Search
6 <br /> of the previously-approved Official Statement, with the Finance Officer's approval, and <br /> may proceed pursuant to such advertisement for sale as the Finance Officer may approve. <br /> 10. Completing Official Statement after Sale — After bids have been received <br /> and the LGC has awarded the Bonds to the successful bidder, the Finance Officer is <br /> directed to prepare, in collaboration with the LGC, a final Official Statement within the <br /> meaning of Rule 15c2-12. The Finance Officer is authorized to approve the final form of <br /> the document as such a final official statement. The County, together with the LGC, will <br /> arrange for the delivery within seven business days of the date the Bonds are sold of a <br /> reasonable number of copies of the final Official Statement to the successful bidder on <br /> the Bonds for delivery to each potential investor requesting a copy of the final Official <br /> Statement and to each entity to which such bidder and members of the bidding group <br /> initially sell the Bonds. <br /> IL County Officers To Complete Closing - After the sale of the Bonds, the <br /> Finance Officer and all other County officers and employees are authorized to take all <br /> proper steps to have the Bonds prepared and executed in accordance with their terms and <br /> to deliver the Bonds to the purchaser upon payment for the Bonds, and to take all other <br /> proper steps to complete the issuance of the Bonds. <br /> The Finance Officer is authorized to hold the executed Bonds, and any other <br /> documents authorized or permitted by this resolution, in escrow on the County's behalf <br /> until the conditions for the delivery of the Bonds and other documents have been <br /> completed to the Finance Officer's satisfaction, and then to release the executed Bonds <br /> and other documents for delivery to the appropriate persons or organizations. <br /> Without limiting the generality of the foregoing, this authorization is specifically <br /> extended to authorize the Finance Officer (a) to approve and enter into agreements to <br /> carry out the refunding contemplated by this resolution, including agreements for the <br /> custody of Bond proceeds and agreements for appropriate professional services, and (b) <br /> to approve changes to any documents previously signed by County officers or employees, <br /> provided that the Bonds must be in substantially the form approved by this resolution and <br /> that any such changes must not substantially alter the intent of such documents from that <br /> expressed in the forms originally executed. The Finance Officer's authorization of the <br /> release of any document for delivery will constitute conclusive evidence of such officer's <br /> approval of any such changes. <br /> In addition, the Finance Officer is authorized to take all appropriate steps for the <br /> efficient and convenient carrying out of the County's on-going responsibilities with <br /> respect to the Bonds. This authorization includes, without limitation, contracting with <br /> third parties for reports and calculations that may be required under the Bonds, this <br /> resolution or otherwise with respect to the Bonds. <br /> 4 <br />