Orange County NC Website
2 <br /> instrument that places the corporate debt on TYHA, not <br /> the County. Please note that the County must agree to <br /> accept title to the facility financed with the <br /> proceeds of the tax-exempt obligations when the tax- <br /> exempt obligations are discharged. Orange County <br /> could reconvey the title, but it must wait at least 90 <br /> days and there can be no pre-discharge agreement to <br /> reconvey. <br /> RECOMMENDATION: The Manager recommends that the Board of County <br /> Commissioners adopt the enclosed resolution that <br /> authorizes staff to continue negotiations that will <br /> produce final documents and agreements for the BOCC to <br /> consider. In addition, the Manager recommends that <br /> the Small Business Technology Development Center <br /> continue to work with TYHA to produce a final <br /> management plan that correlates with this financing <br /> proposal. <br />