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4 <br /> There has been described to the County's Board of Commissioners a plan for the <br /> installment financing of the New School pursuant to agrernnenrs to be entered into with, among <br /> others, BB&T - (the "Bank"). <br /> BE IT RESOLVED by the Orange C m2ty Board of Commissionm: <br /> 1. The County hereby determines to undertalre an instaliaaent 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 feather 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 farther approval of financing terms, conditions and <br /> documents. <br /> 2. The County hereby determines to accept a deed to the real property upon which <br /> the New School is to be coagW=ed. The County Manager is hereby authorized to accept a deed <br /> to such property on the County's behalf. The deed shall be in such form as the County <br /> Manager, in consultation with the County Attorney, shall deem Appropriate. <br /> 2. All other actions of County officzn in conformity with the purposes and infants <br /> of this resolutions are hereby ratified, approved and confirmed. All other resohrtions or parts <br /> thereof in convict herewith, to the extent of such conflict, are hereby repealed. This resolution <br /> shall take affect immediately. <br /> After discussion, Commissioner Willhoit moved the page of the foregoing <br /> reaohojon, Commissioner Halkiotis seconded the motion, and the resolution was <br /> adopted by the following vote: <br /> Ayes: Q nmissiioners Carey, Crowther, Halkiotis, Gordon and Willhoit <br /> Nays: None <br /> Not vodng: None <br />