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4 <br /> Bonds to carry out the projects. The County will repay the funds over time, with <br /> interest. The County will secure its repayment obligation by granting a mortgage-like <br /> interest in some or all of the facilities listed on Exhibit C. <br /> 2. Approval of Documents;Direction To Execute Documents--The Board <br /> approves the forms of the Documents submitted to this meeting. The Board <br /> authorizes the Board Chair and the County Manager, or either of them,to execute and <br /> deliver the Documents when in final form. The Documents in their respective final <br /> forms must be in substantially the forms presented, with changes as the Chair or the <br /> County Manager may approve. The execution and delivery of any Document by an <br /> authorized County officer will be conclusive evidence of that officer's approval of any <br /> changes. <br /> The Documents in final form, however, must be consistent with the financing <br /> plan described in this resolution and must provide (a) for the amount financed by the <br /> County not to exceed $13,000,000 and (b) for a financing term not to extend beyond <br /> December 31, 2044.The amount financed under the Documents may include amounts <br /> to pay financing expenses and other necessary and incidental costs. <br /> As indicated in the draft Documents, some of the Bonds will be issued on a <br /> taxable basis, and some on a tax-exempt basis. The true interest cost on the tax- <br /> exempt bonds must not exceed 5.00%, and the true interest cost on the taxable bonds <br /> must not exceed 6.50%. <br /> 3. Sale of Bonds; Approval of Official Statement - The Board appoints <br /> Robert W. Baird & Co. Incorporated, as senior manager, and FHN Financial Capital <br /> Markets, 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 will <br /> offer the bonds for sale. The preliminary official statement as distributed to <br /> prospective investors must be in substantially the form presented,with such changes <br /> as the Finance Officer may approve. The Board directs the Finance Officer, after the <br /> sale of the Bonds, to complete and otherwise prepare the preliminary official <br /> statement as an official statement in final form. <br /> 2 <br />