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7 <br />necessary and appropriate, and such execution and delivery shall <br />be conclusive evidence of the approval and authorization thereof <br />by the Board of Commissioners and the County; provided, however, <br />that the County Manager or the Finance Director of the County or <br />his respective designee shall determine that the provisions of <br />the Installment Purchase Promissory Note and the Installment <br />Purchase Deed of Trust are consistent with the provisions of the <br />Offer to Purchase Agreement except as those agreements may vary <br />the terms of the Offer to Purchase Agreement; and that, under <br />the Installment Purchase Promissory Note the final installment <br />payment is due not later than June 1, 2006, the fixed interest <br />rate with respect to the Installment Payments is 5.00 per annum <br />and the aggregate amount of the principal components of the <br />Installment Payments does not exceed-$430,992, with a payment at <br />the closing of $107,748 for a total purchase price of $538,740. <br />Section 4. The Board of Commissioners hereby approves, <br />ratifies and confirms the actions of the County Manager, the <br />Finance Director and the County Attorney of the County in <br />connection with this matter. <br />Section 5. The officers and employees of the County are <br />authorized and directed (without limitation except as may be <br />expressly set forth herein) to take such other actions and to <br />execute and deliver such other documents, certificates, <br />undertakings, agreements or other instruments as they, with the <br />advice of counsel, may deem necessary or appropriate to <br />effectuate the transactions contemplated by the agreements <br />recited herein. <br />Section 6. This resolution shall take effect .immediately <br />upon its passage. <br />Upon motion duly made and seconded, the foregoing <br />resolution was passed by the following votes: <br />Ayes: 'Commissioners <br />Noes: <br />I, Beverly A. Blythe, Clerk to the Board of Commissioners <br />for the County of ,Orange, North Carolina, DO HEREBY CERTIFY that <br />the foregoing has been carefully copied from the recorded <br />minutes of the Board of Commissioners far said County at a <br />regular meeting of said Board held on May 15, 2001, said record <br />having been made in Minute Book No. of the minutes of said <br />4 <br />