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Exhibit c - - Draft Documents <br /> ( a) A draft dated May 4, 2021 , of a Trust Agreement to be dated on or about <br /> June 1 , 2021 , between the County and The Bank of New York Mellon Trust Company, <br /> N .A . (the "Trustee " ) . The Trust Agreement provides for the advance of funds to the <br /> County, for the issuance of limited obligation bonds , for the County' s obligation to <br /> repay the amounts advanced, and for the County' s responsibilities for the use and care <br /> of the collateral . <br /> (b) A draft dated May 4 , 2021 , of a Deed of Trust to be dated on or about June <br /> 1 , 2021 , from the County to a deed of trust trustee for the Trustee ' s benefit . The Deed <br /> of Trust imposes a security interest on certain County property to secure the County' s <br /> obligations under the Bonds and the other financing documents . <br /> ( c) A draft dated April 21 , 2021 , of a Lease Modification between the County <br /> and the Chapel Hill - Carrboro Board of Education . This Lease Modification ( approved <br /> by the School Board on May 6) extends the current financing lease agreement for that <br /> school so as to allow Culbreth to serve as a part of the collateral for this 2021 County <br /> bond issue . <br /> ( d) A draft of a Bond Purchase Agreement to be dated on or about June 3 , <br /> 2021 , providing for the underwriters ' obligation to purchase the bonds . The final form <br /> of this Agreement will set out the final principal amount, principal payment schedule <br /> and interest rates for the bonds , and the other terms and conditions for the <br /> underwriters ' obligation to purchase the bonds . <br /> ( e) A draft dated May 4 , 2021 , of an Escrow Agreement to be dated on or <br /> about June 1 , 2021 , between the County and the Trustee in the capacity of an escrow <br /> agent, which provides for the escrow agent' s custody and investment of some of the <br /> new bond proceeds until those proceeds can be used to pay off some of the County' s <br /> existing loans . <br /> 8 <br />