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9 <br /> circumstances. The County will manage the projects and its borrowing plans so as to <br /> minimize the tax impact while still allowing projects to proceed and addressing the <br /> County's full range of needs. <br /> (f) The County Attorney is of the opinion that the proposed projects are <br /> authorized by law and are purposes for which public funds of the County may be <br /> expended pursuant to the Constitution and laws of North Carolina. <br /> 3. Additionally, the Board resolves as follows: <br /> (a) The County intends that the adoption of this resolution will be a <br /> declaration of the County's official intent to reimburse project expenditures from <br /> financing proceeds. The County intends that funds that have been advanced for <br /> project costs, or which may be so advanced, from the County's general fund, or any <br /> other County fund, may be reimbursed from the financing proceeds. <br /> (b) The Board directs the County Manager and the Finance Officer to take <br /> all appropriate steps toward the completion of the financings, including completing <br /> applications to the LGC for its approval of the proposed financings. The Board ratifies <br /> all prior actions of County representatives in this regard. <br /> (c) This resolution takes effect immediately. <br /> * * * * * * * * * * * * * * * * * <br /> I certify as follows: that the foregoing resolution (which includes the attached <br /> Exhibit A) was properly adopted at a meeting of the Board of Commissioners of <br /> Orange County,North Carolina; that this meeting was properly called and held on May <br /> 5, 2026; that a quorum was present and acting throughout this meeting; and that this <br /> resolution has not been modified or amended, and remains in full effect as of today. <br /> Dated this day of May, 2025. <br /> [SEAL] _ <br /> Laura Jensen <br /> Clerk, Board of Commissioners <br /> Orange County, North Carolina <br />