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4 <br /> i <br /> Thou has been descn'bed to the County's Board of Commissioners a plan for the <br /> installment financing of the New School pursuant to agreements to be entered into with, among <br /> others, (the "Bank"). <br /> BE IT RE.YOLYED by the Orange Comity Hoard of Cogs: <br /> 1. The County bereby determines to underialoe an installment financing of the New <br /> School with the Bank. The County's officers are hereby authorized and directed to proceed with <br /> the preparation of appropriate documents and to take all such farther action as they may consider <br /> necessary or desirable in connection with carrying out the proposed plan of financing. This <br /> approval is subject to the Board's subsequent fattier approval of financing terms, conditions And <br /> documenta. <br /> 2. The County hereby determines to accept a deed to the real proopetty upon which <br /> the New School is to be constructed. The C.moty Manager is hereby Authorized to accept a deed <br /> to such property on the Caunty's behalf. The deed shall be its such form as rho County <br /> Manager, in consultation with the County Attomey, shall deem appropriate. <br /> 2. All other actions of County offer in coatfamity with the purposes and intimb <br /> of this resolution are hereby ratified, approved and confirmed. All odier rasdutions or puts <br /> thereof in eonfficx bmwvAth, to the e of such conflict, are hereby repealed. This resolution <br /> shall take effect immediately. <br /> After discussion, Convaissioner moved the passage of the foregoing <br /> resohrtion, Cotnmissiora seconded the motion, and the mohttion was <br /> adapted by the following vote: <br /> Ayes: an%1 5 <br /> Nays: <br /> Not voting: <br />