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Agenda - 10-18-2005-8a
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Agenda - 10-18-2005-8a
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Last modified
9/2/2008 2:15:46 AM
Creation date
8/29/2008 10:51:15 AM
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BOCC
Date
10/18/2005
Document Type
Agenda
Agenda Item
8a
Document Relationships
Minutes - 20051018
(Linked To)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2005
RES-2005-079 Resolution Providing Final Approval of Terms for 2005 Sportsplex Acquisition Financing
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2005
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<br />Without limiting the generality of the foregoing, the Board specifically authorizes the <br />Finance Officer to approve changes to any Documents, agreements or certifications previously <br />signed by County officers or employees, provided that such changes do not conflict with this <br />resolution or substantially alter the intent from that expressed in the form originally signed. The <br />Finance Officer's authorization of the release of any such document for delivery will constitute <br />conclusive evidence of such officer's approval of any such changes,. <br />4. Resolrrtiorrs As To Tax Matters -- The County will not take or omit to take any <br />action the taking or omission of which will cause its obligations to pay principal acrd interest (the <br />"Obligations") to be "arbitrage bonds," within the meaning of Section 148 of the "Code" (as <br />defined below), or "private activity bonds" within the meaning of Code Section 141, or otherwise <br />cause interest components of the installment paytnents to be includable in gross income for <br />federal income tax purposes. Without limiting the generality of the foregoing, the County will <br />comply with any Code provision that may require the County at any tune to pay to the United <br />States any part of the earnings derived from the investment of the financing proceeds. Itr this <br />resolution, "Code" meads the United States Internal Revenue Code of 1986, as annended, acrd <br />includes applicable Treasury regulations. <br />S. Miscellaxeorrs Provisions -- All County officers and employees are authorized <br />and directed to take all such further action as they may consider necessary or desirable in <br />furtherance of the purposes of this resolution. All such prior actions of County officers and <br />employees are ratified, approved and confirmed. Upon the absence, unavailability or refusal to <br />act of the County Manager, the Board's Chair or the Finance Officer, any other of such officers <br />may assume any responsibility or carry out any function assigned in this resolution.. All other <br />Board proceedings, or parts thereof, in conflict with this resolution are repealed, to the extent of <br />the conflict. This resolution takes effect inunediately. <br />
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