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RES-1996-055 Resolution Providing Final Approval of Terms and Documents for Southern Village Elementary Financing Project
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RES-1996-055 Resolution Providing Final Approval of Terms and Documents for Southern Village Elementary Financing Project
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Last modified
8/10/2015 11:54:16 AM
Creation date
11/14/2013 12:38:00 PM
Metadata
Fields
Template:
BOCC
Date
12/2/1996
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
14d
Document Relationships
Agenda - 12-02-1996
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\1990's\1996\Agenda - 12-02-1996
Minutes - 19961202
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1996
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5 <br /> EXHIBIT A <br /> Draft Documents <br /> (a) A draft dated November 26, 1996, of a Deed of Trust and Financing <br /> Agreement to be dated as of December 1, 1996 (the "Financing Agreement"), between <br /> the County and BB&TLC, providing for BB&TLC to finance the County's undertaking <br /> of the Project. <br /> (b) A draft dated November 26, 1996, of an Escrow Agreement to be dated <br /> as of December 1, 1996, from among the County, BB&TLC and an escrow agent, <br /> providing for the custody of financing proceeds pending their use on Project costs. <br /> (c) A draft dated November 26, 1996, of a Lease to be dated as of December <br /> 1, 1996, providing for the County to lease the New School to the Board of Education for <br /> the Chapel Hill - Carrboro School Administrative Unit (the "School Board"); and <br /> (d) A draft dated November 26, 1996, of an Agency Agreement to be dated <br /> as of December 1, 1996, providing for the School Board to undertake the acquisition and <br /> construction of the New School as the County's agent. <br /> wu:MI <br /> TOTAL P.05 <br />
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