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4 - Zct <br /> R E s ©o 1 <br /> 3 <br /> Resolution concerning the proposed installment financing <br /> for the planned new Orange County high school <br /> WHEREAS, Orange County has previously approved in principle a plan to <br /> finance a portion of the construction costs for a new high school for the Orange <br /> County school district through an installment financing contract, as authorized <br /> under Section 160A-20 of the North Carolina General Statutes; <br /> WHEREAS, by resolution adopted June 6, 2000, the Board of <br /> Commissioners made certain findings of fact and tentative determinations to <br /> proceed with such an installment financing, <br /> HWEREAS, those findings and determinations were made subject to the <br /> Board's further consideration in light of any public comment received at the public <br /> hearing that is required by law prior to such an installment financing; <br /> WHEREAS, the Board has now conducted the required public hearing; <br /> NOW, THEREFORE, BE IT RESOLVED that the Board of <br /> Commissioners of Orange County, North Carolina, confirms its determination to <br /> proceed with an installment financing for the new Orange County high school <br /> project, and confirms the findings of fact contained in the resolution of June 6; <br /> BE IT FURTHER RESOLVED that BB&T Capital Markets shall be <br /> retained as the County's senior managing underwriter for the installment financing; <br /> BE IT FURTHER RESOLVED that Finance Officer, the County's bond <br /> counsel and all other County officers and employees are authorized and directed to <br /> proceed with the formation of the nonprofit financing corporation necessary for the <br /> contemplated plan of financing; and <br /> BE IT FURTHER RESOLVED that the Finance Officer and all' other <br /> County officers and employees are authorized and directed to proceed with all such <br /> further action as they may consider necessary or desirable to complete the <br /> installment financing contemplated by this resolution. <br />