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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 $8,800,000, an annual true interest cost of the financing not to <br />exceed 4.50% and a financing term not to extend beyond December 31, 2038. The amount <br />financed under the Documents may include amounts to pay financing expenses and other <br />necessary and 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 the <br />Finance Officer, after the sale of the bonds, to complete and otherwise prepare the preliminary <br />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. Officers To Complete Closing — The County Manager, the Finance Officer and all <br />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 />The Board authorizes the County Manager to hold executed copies of all financing <br />documents authorized by this resolution in escrow on the County's behalf until the conditions for <br />their delivery have been completed to her satisfaction, and then to release the executed documents <br />for delivery to the appropriate persons or organizations. <br />Without limiting the generality of the previous paragraphs, the Board specifically <br />