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7 <br /> (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 directs the Finance Officer to take all appropriate steps <br /> toward the completion of the financing, including (i) completing an application to <br /> the LGC for its approval of the proposed financing, and (ii) soliciting one or more <br /> proposals from financial institutions to provide the financing. The Board ratifies all <br /> prior actions of County representatives in this regard. <br /> (c) This resolution takes effect immediately. <br /> * * * * * * * * * * * * * * * * * <br /> I certify as follows: that the foregoing resolution was properly adopted at a <br /> meeting of the Board of Commissioners of Orange County, North Carolina; that this <br /> meeting was properly called and held on May 2, 2017; that a quorum was present <br /> and acting throughout this meeting; and that this resolution has not been modified <br /> or amended, and remains in full effect as of today. <br /> Dated this day of , 2017. <br /> [SEAL] <br /> Donna S. Baker <br /> Clerk, Board of Commissioners <br /> Orange County, North Carolina <br />