Orange County NC Website
Browse       Search
?so <br />$15,000,000 and for a financing term not to extend beyond December 31, <br />2025. <br />.3. abApproval of Offccial Staten:e~:t -The Board approves the <br />draft official statement subnutted to this meeting as the form of the <br />preliminary official statement pursuant to which the Certificates (as defined <br />in Exhibit B) will be offered for sale. The preliminary official statement as <br />distributed to prospective investors must be in substantially the form <br />presented, with such changes as the Finance Officer may approve, The <br />Board also aclrnowledges that the form of the official statement distributed <br />to prospective investors will include additional financial and other <br />information concerning the County, in a form substantially similar to that to <br />be included in the official statement in connection with the County's <br />planned general obligation bonds, with such supplements and updates as the <br />Finance Officer may approve and as may be appropriate under the <br />circumstances at the time of sale. <br />The Board directs the Finance Officer, after the sale of the <br />Certificates, to complete and otherwise prepare the prelimnary official <br />statement as an official statement in final form. The Board authorizes and <br />directs the Board's Chair to execute and deliver the final official statement <br />in such form as he may approve upon the Finance Officer's <br />recommendation. <br />The Board authorizes and approves the use of the preliminary official <br />statement and final official statement by Banc of America Securities LLP <br />and Siebert Bradford Shank & Co., LLC, in connection with the sale of the <br />Certificates. <br />The Board acknowledges that it is the County's responsibility to <br />ensure that the Official Statement, in its final form, is correct and complete <br />in all material respects. By the adoption of this resolution, the Board <br />members aclrnowledge their r°esponsibility for causing the County to fulfill <br />its responsibilities for the Official Statement. <br />4. Alternative Baak-Placement Finaxcing - The Board <br />determines that it may be in the County's best interest to undertake abank- <br />placement installment financing to provide funds for a portion of the costs <br />of the Project, in anticipation of; or in substitution for, the public offering of <br />