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County officer will be conclusive evidence of such officer's approval of any such <br /> changes. <br /> The Agreements in final form, however, must be consistent with the financing <br /> plan described in this resolution and must provide (a) for the amount financed by the <br /> County not to exceed $10,000,000, (b) for an annual interest rate not to exceed 2.13% (in <br /> the absence of default, or a change in tax status), and (c) for a financing term not to <br /> extend more than fifteen years from the funding date. <br /> 3. Officers To Complete Closing— The County Manager, the Finance Officer <br /> and all other County officers and employees are authorized to take all proper steps to <br /> complete the financing in cooperation with the Lender and in accordance with this <br /> resolution. <br /> The Board authorizes the Finance Officer to hold executed copies of all financing <br /> documents authorized by this resolution in escrow on the County's behalf until the <br /> conditions for their delivery have been completed to his satisfaction, and thereupon to <br /> release the executed copies of the documents for delivery to the appropriate persons or <br /> organizations. <br /> Without limiting the generality of the foregoing, the Board specifically authorizes <br /> the Finance Officer to approve changes to any documents previously signed by County <br /> officers or employees, provided that the changes do not conflict with this resolution or <br /> substantially alter the intent from that expressed in the form originally signed. The <br /> Finance Officer's authorization of the release of any document for delivery will constitute <br /> conclusive evidence of his approval of any 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 Project. This authorization includes, without limitation, contracting with <br /> third parties for reports and calculations that may be required under this resolution or <br /> otherwise with respect to the financing. <br /> 4. Resolutions as to Tax Matters -- The County will not take or omit to take <br /> any action the taking or omission of which will cause its obligations to pay principal and <br /> interest (the "Obligations") to be "arbitrage bonds," within the meaning of Section 148 of <br /> the "Code" (as defined below), or "private activity bonds" within the meaning of Code <br /> Section 141, or otherwise cause interest components of the installment payments to be <br /> includable in gross income for federal income tax purposes. Without limiting the <br /> generality of the foregoing, the County will comply with any Code provision that may <br /> require the County at any time to pay to the United States any part of the earnings derived <br /> from the investment of the financing proceeds. In this resolution, "Code" means the <br /> 2 <br />