Orange County NC Website
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 (1 ) 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 />