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(a) The County intends that the adoption of this resolution will be a <br /> declaration of the County's official intent to reimburse project expenditures from <br /> financing proceeds. The County intends that funds that have been advanced for <br /> project costs, or which may be so advanced, from the County's general fund, or any <br /> other County fund, may be reimbursed from the financing proceeds. <br /> (b) The Board will hold a public hearing on this matter. The County <br /> Manager is directed to set the date and time of the hearing, and the Clerk to this <br /> Board is directed to publish a notice of the public hearing in the manner provided <br /> for by law. <br /> (c) The Finance Officer is directed to take all appropriate steps toward the <br /> completion of the financing, including (i) completing an application to the LGC for its <br /> approval of the proposed financing, and (ii) soliciting one or more proposals from <br /> financial institutions to provide the financing. All prior actions of County <br /> representatives in this regard are ratified. <br /> (d) The County agrees to accept title to the Grady Brown School property to <br /> facilitate the financing arrangements. The Board will approve appropriate <br /> documents for this arrangement by later resolution. Ownership of Grady Brown <br /> School will revert back to Orange County Schools upon final payment of the <br /> installment financing. <br /> (e) This resolution takes effect immediately. <br />