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in substantially the forms presented, with such changes as the Chair or the County <br /> Manager may approve. The execution and delivery of any Agreement by an authorized <br /> County officer will be conclusive evidence of such officer's approval of any such <br /> changes. ` <br /> The Agreements in final form, however, must be consistent with the financing <br /> plan described in this resolution and must provide (a) for the amount financed by the <br /> County not to exceed $10,600,000, (b) for an annual interest rate not to exceed 2.75% (in <br /> the absence of default, or a change in tax status), and (c) for a financing term not to <br /> extend more than 15.5 years from the funding date. <br /> 3. Officers To Complete Closing— The County Manager, the Finance Officer <br /> and all other County officers and employees are authorized to take all proper steps to <br /> complete the financing in cooperation with the Lender and in accordance with this <br /> resolution. <br /> The Board authorizes the Finance Officer to hold executed copies of all financing <br /> documents authorized by this resolution in escrow on the County's behalf until the <br /> conditions for their delivery have been completed to his satisfaction, and thereupon to <br /> release the executed copies of the documents for delivery to the appropriate persons or <br /> organizations. <br /> Without limiting the generality of the foregoing, the Board specifically authorizes <br /> the Finance Officer (a) to approve and enter into additional agreements to carry out the <br /> financing contemplated by this resolution, including agreements for the custody of <br /> financing proceeds and agreements for appropriate professional services, and (b) to <br /> approve changes to any documents previously signed by County officers or employees, <br /> provided that the changes do not contradict this resolution or substantially alter the intent <br /> from that expressed in the form originally signed. The Finance Officer's authorization of <br /> the release of any document for delivery will constitute conclusive evidence of his <br /> approval of the final form. <br /> In addition, the Finance Officer is authorized to take all appropriate steps for the <br /> efficient and convenient carrying out of the County's on-going responsibilities with <br /> respect to the Project. This authorization includes, without limitation, contracting with <br /> third parties for reports and calculations that may be required under this resolution or <br /> otherwise with respect to the financing. <br /> 4. Acceptance of Property Transfer— The County agrees to accept title to the <br /> Culbreth School and its associated real property to facilitate the financing arrangements <br /> contemplated by the Agreements. <br /> 2 <br />