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forms presented, with changes as the Chair or the County Manager may approve. The execution <br /> and delivery of any Document by an authorized County officer will be conclusive evidence of <br /> that officer's approval of any changes. <br /> The Documents in final form, however, must provide for the principal amount of limited <br /> obligation bonds to not exceed $51,000,000, a true interest cost of the financing not to exceed <br /> 2.55% and a financing term not to extend beyond December 31, 2032 (and not extending beyond <br /> the latest bond payment date of any of the obligations refinanced). The amount financed under <br /> the Documents may include amounts to pay financing expenses and other necessary and <br /> incidental costs. <br /> 3. Sale of Bonds;Approval of Official Statement— The Board appoints Robert W. <br /> Baird & Co. to underwrite a public offering of the proposed limited obligation bonds. <br /> The Board approves the draft official statement submitted to this meeting as the form of <br /> the preliminary official statement pursuant to which the underwriter will offer the bonds for sale. <br /> The preliminary official statement as distributed to prospective investors must be in substantially <br /> the form presented, with such changes as the Finance Officer may approve. The Board directs <br /> the Finance Officer, after the sale of the bonds, to complete and otherwise prepare the <br /> preliminary official statement as an official statement in final form. <br /> The Board authorizes the use of the preliminary official statement and the final official <br /> statement (collectively, the "Official Statement") by the underwriter in connection with the sale <br /> of the bonds. <br /> The Board acknowledges that it is the County's responsibility, and ultimately the Board's <br /> responsibility, to ensure that the Official Statement in its final form neither contains an untrue <br /> statement of a material fact nor omits to state a material fact required to be included therein for <br /> the purpose for which such Official Statement is to be used or necessary to make the statements <br /> therein, in light of the circumstances under which they were made, not misleading. <br /> 4. Call of Existing Obligations for Prepayment-- The Board authorizes the Finance <br /> Officer to make, on the County's behalf, an irrevocable call for redemption or prepayment of <br /> such of the obligations shown on Exhibit A as the Finance Officer deems beneficial to the <br /> County. The Finance Officer will make this call for redemption by the execution and delivery of <br /> an appropriate certificate in connection with the original delivery of the planned limited <br /> obligation bonds. <br /> 5. Officers To Complete Closing — The County Manager, the Finance Officer and <br /> all other County officers and employees are authorized to take all proper steps to complete the <br /> financing in accordance with the terms of this resolution. <br /> 2 <br />