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Operations Center on Meadowlands Drive in Hillsborough ; ( c) the County' s Visitors Center <br /> on Franklin St. in Chapel Hill ; ( d) the proposed site of the new Northern County Campus ; <br /> and ( e) the County' s Southern Campus in Chapel Hill . <br /> 2, Approval of Documents; Direction to Execute Documents - - The Board <br /> approves the forms of the Documents submitted to this meeting. The Board authorizes the <br /> Chair and the County Manager, or either of them, to execute and deliver the Documents <br /> when in final form . The Documents in their respective final forms must be in substantially <br /> the forms presented, with changes as the Chair or the County Manager may approve . The <br /> execution and delivery of any Document by an authorized County officer will be conclusive <br /> evidence of that officer' s approval of any changes . <br /> The Documents in final form, however, must provide for the principal amount of <br /> limited obligation bonds to not exceed $ 37, 000 , 000 , an annual true interest cost of the <br /> financing not to exceed 3 . 7S % , and a financing term not to extend beyond December 31 , <br /> 2039 . Any obligations to be refinanced should be refinanced over approximately the same <br /> financing term as the existing obligation . The amount financed under the Documents may <br /> include amounts to pay financing expenses and other necessary and incidental costs . <br /> 3. Sale of Bonds; Approval of Official Statement - The Board appoints Robert <br /> W. Baird & Co . Incorporated, as senior manager, and FTN Financial Capital Markets , as co - <br /> manager, 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 <br /> form of the preliminary official statement pursuant to which the underwriters will offer the <br /> bonds for sale . The preliminary official statement as distributed to prospective investors <br /> must be in substantially the form presented, with such changes as the Finance Officer may <br /> approve . The Board directs the Finance Officer, after the sale of the bonds , to complete and <br /> otherwise prepare the preliminary official statement as an official statement in final form . <br /> The Board authorizes the use of the preliminary official statement and the final <br /> official statement ( collectively, the " Official Statement" ) by the underwriters in connection <br /> with the sale of the bonds . <br /> The Board acknowledges that it is the County' s responsibility, and ultimately the <br /> Board ' s responsibility, to ensure that the Official Statement in its final form neither contains <br /> an untrue statement of a material fact nor omits to state a material fact required to be <br /> included therein for the purpose for which such Official Statement is to be used or <br /> necessary to make the statements therein, in light of the circumstances under which they <br /> were made, not misleading. <br /> 2 <br />