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Exhibit B -- draft agreements <br /> (a) A draft dated May 26, 2017, of an Installment Financing Contract to be <br /> dated on or about June 15, 2017 (the "Financing Contract"), between the County and <br /> the Lender. The Financing Contract provides for the advance of funds to the County <br /> for the County's use on the project, sets out the County's repayment obligation, and <br /> sets out the County's obligations regarding care for the collateral and other matters. <br /> (b) A draft dated May 26, 2017, of a Deed of Trust and Security Agreement <br /> to be dated on or about June 15, 2017, from the County to a deed of trust trustee for <br /> the Lender's benefit. The Deed of Trust provides for a security interest in the Orange <br /> County Sportsplex and its associated real property to the Lender to secure the <br /> County's repayment obligation. <br /> (c) A draft of an Escrow Agreement to be dated on or about June 15, 2017, <br /> between the County and the Lender. The Escrow Agreement provides for the <br /> custody and investment of financing proceeds pending their use to pay project costs. <br /> NOW THEREFORE BE IT ORDAINED by the Board of Orange County Commissioners <br /> th t this resolution is effective upon a Upon motion of Commissioner <br /> proval. <br /> �- seconded by Commissioner the foregoing resolution was <br /> a opted this the Atker,ay 0 2017. <br /> I, Donna Jerk to the Board of Commissioners for the County of <br /> Orange, North Carolina, DO HEREBY CERTIFY that the fore ing is a true copy of so <br /> much of the proceedings of said Board at a meeting held o 2017, as <br /> relates in any way to the adoption of the foregoing and th said proceedings are <br /> recorded in Minute Book No. of the minutes of said Boa_r . <br /> WITNESS my hand and the seal of said County,the _( day 2017. <br /> D na S. Baker <br /> Clerk to the Board <br /> SEA � <br /> 17 <br />