Orange County NC Website
7 <br /> 3. Additionally, the Board resolves as follows: <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 />