Orange County NC Website
County ' s Link Center and the District Attorney' s office building ; (b ) the County' s <br /> Emergency Operations Center on Meadowlands Drive in Hillsborough , ( c) the <br /> County' s Visitors Center on Franklin St . in Chapel Hill , and ( d ) the proposed site of <br /> the new Northern County Campus . <br /> 2. Approval of Documents; Direction to Execute Documents - - The <br /> Board approves the forms of the Documents submitted to this meeting . The Board <br /> authorizes the Chair and the County Manager, or either of them , to execute and <br /> deliver those Documents to which the County is a party. The Documents in their <br /> respective final forms must be in substantially the forms presented, with changes as <br /> the Chair or the County Manager may approve . The execution and delivery of any <br /> Document by an authorized County officer will be conclusive evidence of that <br /> officer ' s approval of any changes . <br /> The Documents in final form , however, must provide for the principal amount <br /> of limited obligation bonds to not exceed $ 16 , 950 , 000 , an annual true interest cost <br /> of the financing not to exceed 4 . 00 % and a financing term not to extend beyond <br /> December 31 , 2039 . The amount financed under the Documents may include <br /> amounts to pay financing expenses and other necessary and incidental costs . <br /> 3. Sale of Bonds; Approval of Official Statement - The Board appoints <br /> FTN Financial Capital Markets , as senior manager, and Robert W. Baird & Co . <br /> Incorporated , as co - manager, to underwrite a public offering of the proposed limited <br /> obligation bonds . <br /> The Board approves the draft official statement submitted to this meeting as <br /> the form of the preliminary official statement pursuant to which the underwriters <br /> will offer the bonds for sale . The preliminary official statement as distributed to <br /> prospective investors must be in substantially the form presented , with such <br /> changes as the Finance Officer may approve . The Board directs the Finance Officer, <br /> 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 <br /> final official statement ( collectively, the " Official Statement" ) by the underwriters in <br /> connection with the sale of the bonds . <br />