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