Agenda - 12-10-2013 - 5a - Laserfiche WebLink

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9 Attachment 3 5. Lender May Act through Affiliates -- The Finance Officer may approve entering into the Agreements with an affiliate of the Lender if the Lender requests a change. 6 Resolutions as to Tax Matters -- The County will not take or omit to take any action the taking or omission of which will cause its obligations to pay principal and interest (the "Obligations") to be "arbitrage bonds," within the meaning of Section 148 of the "Code" (as- defined belovv), or "private activity bonds" within the meaning of Code Section 141, or otherwise cause interest components of the installment payments to be includable in gross income for federal income tax purposes. Without limiting the generality of the foregoing, the County will comply with any Code provision that may require the County at any time to pay to the United States any part of the earnings derived from the investment of the financing proceeds. In this resolution, the Code" means the United States Internal Revenue Code of 1986, as amended, and includes applicable Treasury regulations. E Z Miscellaneous Provisions All County officers and employees are authorized to take all such further action as they may consider necessary or desirable in furtherance of the purposes of this resolution. All such prior actions of County officers and employees are ratified. Upon the absence, unavailability or refusal to act of the County Manager,the Chair or the Finance Officer, any other of such officers may assume any responsibility or carry out any function assigned in this resolution. In addition, the Vice Chair or any Deputy or Assistant Clerk to the Board may in any event assume any responsibility or carry out any function assigned to the Chair or the Clerk, respectively, in this resolution. All other Board proceedings, or parts thereof, in conflict with this E resolution are repealed, to the extent of the conflict. This resolution takes effect immediately. I I j i 3