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16 <br />2. Approval of Documents; Direction To Execute Documents -- The Board <br />approves the forms of the Documents submitted to this meeting. The Board authorizes the <br />Chair and the County Manager, or either of them, to execute and deliver those <br />Documents to which the County is a party. The Documents in their respective final forms <br />must be in substantially the forms presented, with such changes as the Chair or the <br />County Manager may approve. The execution and delivery of any Document by an <br />authorized County officer will be conclusive evidence of that officer's approval of any <br />changes. <br />The Documents in final form, however, must provide for the principal amount of <br />limited obligation bonds to not exceed $28,000,000, a true interest cost of the financing <br />not to exceed 3.75 %, and a financing term not to extend beyond December 31, 2035. The <br />amount financed under the Documents may include amounts to pay financing expenses <br />and other necessary and incidental costs. <br />3. Sale of Bonds; Approval of Official Statement — The Board appoints <br />Robert W. Baird & Co. to underwrite a public offering of the proposed limited obligation <br />bonds. <br />The Board approves the draft official statement submitted to this meeting as the <br />form of the preliminary official statement pursuant to which the underwriter will offer the <br />bonds for sale. The preliminary official statement as distributed to prospective investors <br />must be in substantially the form presented, with such changes as the Finance Officer <br />may approve. The Board directs the Finance Officer, after the sale of the bonds, to <br />complete and otherwise prepare the preliminary official statement as an official statement <br />in final form. <br />The Board authorizes the use of the preliminary official statement and the final <br />official statement (collectively, the "Official Statement ") by the underwriter in <br />connection with the sale of the bonds. <br />The Board acknowledges that it is the County's responsibility, and ultimately the <br />Board's responsibility, to ensure that the Official Statement in its final form neither <br />contains an untrue statement of a material fact nor omits to state a material fact required <br />to be included therein for the purpose for which such Official Statement is to be used or <br />necessary to make the statements therein, in light of the circumstances under which they <br />were made, not misleading. <br />4. Call of 2006 Certificates for Prepayment -- The Board authorizes the <br />Finance Officer to make, on the County's behalf, an irrevocable call for redemption of <br />such of the Certificates of Participation (Orange County Public Improvement Projects), <br />Series 2006, as the Finance Officer deems beneficial to the County. The Finance Officer <br />will make this call for redemption by the execution and delivery of an appropriate <br />certificate in connection with the original delivery of the planned limited obligation <br />bonds. <br />2 <br />