Agenda 04-07-2026; 8-q - Approval of Agreements for School Sales Tax Recapture

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3 RES-2026-025 Attachment 1 s*h draft of March 23 Resolution approving agreements for school sales tax recoupment Whereas, the Board has been presented with information and draft documents related to a mechanism to facilitate the County's recapture of a portion of the sales tax paid from County funds related to spending on school capital projects; Be it resolved by the Board of Commissioners of Orange County, North Carolina, as follows: 1. That the Board determines to enter into the agreements for school sales tax recoupment presented to this meeting. The agreements must be in substantially the forms of draft master lease agreements dated March 23, 2026, that appear as Exhibits A and B to this resolution, which the Board hereby approves. The Board also approves the forms of the agreements to add or remove particular school facilities from the scope of the master agreements in Exhibits A and B. 2. That the Board authorizes and directs the County Manager, the Chief Financial Officer and all other County officers to take all actions necessary or appropriate to put the agreements into effect. The County's execution and delivery of any related agreement will be conclusive evidence of the County's approval of the final form of that Agreement. 3. That the Board authorizes and directs the County Manager and all other County officers to take all actions necessary or appropriate to put into place the documents to add or remove particular school facilities from the scope of the master agreements, from time to time and as many times as may be appropriate for the purpose, without the need for further Board approval. This approval includes authorizing the Chair and the County Manager, or either of them,to determine which school facilities are to be added or removed from the scope of the Master Agreements, and when, without the need for further Board approval. 4. That this resolution takes effect immediately.