Orange County NC Website
11 <br /> Attachment 3 <br /> Exhibit B draft agreements <br /> (a) A draft dated November 26, 2013, of an Installment Financing Contract to <br /> be dated on or about January 1, 2014 (the "Financing Contract"), between the County and <br /> the Lender, providing for the advance of funds to the County for the County's <br /> undert,a ing of the project, setting out the County's repayment obligation and setting out <br /> the County's obligations regarding care for the collateral and other matters. <br /> (b) A draft dated November 26, 2013, of a Deed of Trust and Security <br /> Agreement to be dated on or about January 1, 2014, from the County to a deed of trust <br /> trustee for the Lender's benefit, providing for a security interest in Culbreth Middle <br /> School, and its associated real property to secure the County's repayment obligations. <br /> (c) A draft dated November 14, 2013, of a Lease to be dated on or about January <br /> 1, 2014, from the County to the Board of Education for the Chapel Hill — Carrboro City <br /> Schools (the "School Board"), providing for the School Board's continued use of the <br /> Culbreth Middle School property during the fmancing term. <br /> (d) A draft -dated .November 14, 2013, of a Project Completion and Agency <br /> Agreement to be dated on or about January 1, 2014, between the County and the School <br /> Board, setting out their respective responsibilities for carrying out the- acquisition and <br /> construction of the new Culbreth science wing. <br /> 1 <br /> 1 <br /> 5 <br />