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RES-2018-026 Resolution supporting an application to LGC for financing agreement for 2018 combined projects
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RES-2018-026 Resolution supporting an application to LGC for financing agreement for 2018 combined projects
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Last modified
2/21/2019 11:23:12 AM
Creation date
5/2/2018 10:15:06 AM
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BOCC
Date
5/1/2018
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
5-a
Document Relationships
Agenda - 05-01-2018 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 05-01-2018 Regular Meeting
Minutes 05-01-2018
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2018
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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 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 />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 1, 2018; 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 y of May, , <br />
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