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purpose, (d) the, County' s debt management procedures and <br /> policies are good and its debt will continue to be managed in <br /> strict compliance with law, (e) although the taxing power of the <br /> County is not and may not be pledged directly or indirectly to <br /> secure any sums to fall due under the proposed Installment <br /> Purchase Promissory Note, the proceeds of taxes might be used to <br /> meet the sums to fall due under the proposed Installment <br /> Purchase Promissory Note and any increase in taxes necessary to <br /> meet such sums will not be excessive and (f) the County is not <br /> ' in default regarding any of its debt service obligations . <br /> Section 2 . The Board of Commissioners hereby further finds <br /> and determines that it is in the best interest of the County to <br /> enter into the Installment Purchase Promissory Note, the <br /> Installment Purchase Deed. of Trust, the Clean Water Management <br /> Trust Fund Grant Agreement, the Temporary Conservation Easement <br /> and the Conservation Easement in order to execute the plan for <br /> the acquisition of the Property and the financing thereof as <br /> described above. <br /> Section 3 . The terms and provisions of the deed, the <br /> Installment Purchase Pro'missory Note, the Installment Purchase <br /> Deed of Trust, the Clean Water Management Trust Fund Grant <br /> Agreement and the temporary and permanent Conservation Easement <br /> Agreements are hereby approved in all respects and the Chair of <br /> the Board of Commissioners, the County Manager of the County, <br /> the Finance Director of -the County and the Clerk to the Board of <br /> Commissioners are hereby authorized and directed to execute and <br /> deliver the documents, as may be applicable, in substantially <br /> the forms presented to the County, together with such additions, <br /> changes, modifications and deletions as they, with the advice of <br /> counsel, may deem necessary and appropriate, and such execution <br /> and delivery shall be conclusive evidence of the approval and <br /> authorization thereof by the Board of Commissioners and the <br /> County; provided, however, that the County Manager or the <br /> Finance Director of the County or his respective designee shall <br /> determine that the provisions of the Installment - Purchase <br /> Promissory Note and the Installment Purchase Deed of Trust are <br /> consistent with the provisions of the Option to Purchase <br /> Agreement except as those agreements may vary the terms of the <br /> Option to Purchase Agreement; and that, under the Installment <br /> Purchase Promissory Note the final installment payment is due <br /> not later than January 31, 2002 , the maximum stated interest <br /> rate with respect to the Installment Payments does not exceed <br /> 5 . 00% per annum and the aggregate amount of the principal <br /> components of the Installment Payments does not exceed $279, 900 . <br /> 4 <br />