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4 <br />during the term of the financing, and (b) an agency agreement, under which the <br />School Board will carry out the planned school construction on the County's <br />behalf. <br />The execution and delivery of any Document by an authorized officer will <br />be conclusive evidence of such officer's approval of the final form of such <br />Document. The Documents in final form, however, must be consistent with the <br />financing ,plan described in this resolution and be consistent with the Bank's <br />proposal (or be more advantageous to the County in the Finance Officer's <br />determination). In addition, the Documents in final form must provide (a) for the <br />amount financed by the County not to exceed $9,000,000, and (b) -for a financing <br />term not to extend beyond 15 years from closing. The Bank's proposal calls for an <br />annual interest rate not to exceed 4.39% (in the absence of default, or a change in <br />credit or tax status). <br />3. Authorization to Finance Officer To Complete Closing -The Board <br />authorizes and directs the Finance Officer to hold executed copies of all financing <br />documents authorized or permitted by this resolution in escrow on the County's <br />behalf until the conditions for their delivery have been ,completed to such officer's <br />satisfaction, and thereupon to release the executed copies of such documents for <br />delivery to the appropriate persons or organizations. <br />Without limiting the generality of the foregoing, the Board specifically <br />authorizes the Finance Officer to approve changes to any Documents, agreements <br />or certifications previously signed by County officers or employees, provided that <br />such changes do not conflict with this resolution or substantially alter the intent <br />from that expressed in the form originally signed. The Finance Officer's <br />authorization of the release of any such document for delivery will constitute <br />conclusive evidence of such officer's approval of any such changes. <br />4. Resolutions As To Tax Matters -- The County will not take or omit to <br />take any action the taking or omission of which will cause its obligations to pay <br />principal and interest (the "Obligations") to be "arbitrage bonds," within the <br />meaning of Section 148 of the "Code" (as defined below), or "private activity <br />bonds" within the meaning of Code Section 141, or otherwise cause interest <br />components of the installment payments to be includable in gross income ~ for <br />federal income tax purposes. Without limiting the generality of the foregoing, the <br />County will comply with any Code provision that may require the County at any <br />time to pay to the United States any part of the earnings derived from the <br />investment of the financing proceeds. In this resolution, "Code" means the United <br />