Orange County NC Website
5 <br /> • Official Statement o the successful bidder on h Bond r o to <br /> t the s for delivery t each potential <br /> investor requesting a copy of the final Official Statement and to each person to which <br /> such bidder and members of the bidding group initially sell the Bonds. <br /> II. Finance Officer To Complete Bond Closing -After the sale of the Bonds, <br /> the Finance Officer and all other County officers and employees are authorized and <br /> directed to take all proper steps to have the Bonds prepared and executed in accordance <br /> with their terms and to deliver the Bonds to the purchaser upon payment for the Bonds. <br /> The Finance Officer is authorized and directed to hold the executed Bonds, and <br /> any other documents authorized or permitted by this resolution, in escrow on the <br /> County's behalf until the conditions for the delivery of the Bonds and other documents <br /> have been completed to the Finance Officer's satisfaction, and thereupon to release the <br /> executed Bonds and other documents for delivery to the appropriate persons or <br /> organizations. <br /> Without limiting the generality of the foregoing, this authorization and direction is <br /> specifically extended to authorize the Finance Officer(a)to enter into such agreements or <br /> take such other actions as such officer may deem appropriate in connection with <br /> obtaining bond insurance for the Bonds, (b) to approve agreements appropriate to carry <br /> • out the refunding contemplated by this resolution, including agreements for the custody <br /> of Bond proceeds and agreements for appropriate professional services, and (c) to <br /> approve changes to any documents or closing certifications previously signed by County <br /> officers or employees, provided that the Bonds must be in substantially the form <br /> approved by this resolution and that any such changes must not substantially alter the <br /> intent of such certificates from that expressed in the forms of such certificates as executed <br /> by such officers or employees. The Finance Officer's authorization of the release of any <br /> such document for delivery will constitute conclusive evidence of such officer's approval <br /> of any such changes. <br /> In addition, the Finance Officer is authorized and directed to take all appropriate <br /> steps for the efficient and convenient carrying out of the County's on-going <br /> responsibilities with respect to the Bonds. This authorization includes, without limitation, <br /> contracting with third parties for reports and calculations that may be required under the <br /> Bonds,this resolution or otherwise with respect to the Bonds. <br /> I2. Undertaking for Continuing Disclosure -- The County undertakes, for the <br /> benefit of the beneficial owners of the Bonds, to provide continuing disclosure with <br /> respect to the Bonds as described in Exhibit B. <br /> The Board designates the Finance Officer as the County officer to be primarily <br /> responsible for the County's compliance with its undertakings for continuing disclosure <br /> • provided for in this resolution. The Finance Officer will provide for the filings and <br /> 4 <br />