Orange County NC Website
5 <br /> be required under the Documents, this resolution or otherwise with respect to the <br /> financing. <br /> 4. Acceptance of Property Transfer- The County agrees to accept title to <br /> the real property associated with the schools identified on Exhibit C to facilitate the <br /> financing arrangements contemplated by the Documents. The Board ratifies all prior <br /> actions of County officers and employees toward the carrying out of these property <br /> transfers. The County Manager shall determine which properties the County will <br /> accept by the execution and delivery of the final form Deed of Trust; the execution and <br /> delivery of the final form Deed of Trust will constitute conclusive evidence of the <br /> County's acceptance of title to any properties made subject to the security interests <br /> imposed by that Deed of Trust. In addition, the Board authorizes the County Manager <br /> to approve, execute and deliver leases of any transferred schools from the County to <br /> the school districts for the continued operation of the schools. The County Manager's <br /> execution and delivery of any lease will constitute conclusive evidence of the County's <br /> approval of the form of that lease. <br /> 5. Additional Provisions - The Board authorizes all County officers and <br /> employees to take all further action as they may consider desirable to carry out the <br /> purposes of this resolution. In particular, the Board directs the Clerk to this Board to <br /> apply the County's seal to the final form Documents, and to attest to the application <br /> of the seal. The Board ratifies all prior actions of County officers and employees to <br /> this end. Upon the unavailability or refusal to act of the County Manager, the Chair or <br /> the Finance Officer,any other of those officers may assume any responsibility or carry <br /> out any function assigned in this resolution. In addition, the Vice Chair or any Deputy <br /> or Assistant Clerk may carry out or exercise any rights or responsibilities assigned in <br /> this resolution to the Chair or the Clerk. The Board repeals all other Board <br /> proceedings, or parts of proceedings, in conflict with this resolution, to the extent of <br /> the conflict. This resolution takes effect immediately. <br /> 3 <br />