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4 <br />9. Parties work on financing documents, Between 6/29 preliminary Board <br />usually including a working group approval and LGC approval date <br />meeting at LGC for review of financing <br />plan and draft Official Statement <br />10. County provides for creating nonprofit <br />f nancing corporation by selecting board <br />members and providing for preparation <br />of necessary paperwork (including <br />articles of incorporation and bylaws) and <br />an organizational meeting of the <br />nonprofit's board <br />Prior to LGC approval date is <br />preferred; certainly must be done <br />prior to distribution of official <br />statement <br />11. LGC approves financing <br />12. School Board adopts resolution <br />providing final approval of property <br />transfer and financing documents that <br />affect School Board <br />LGC meeting in August (probably <br />August 1) <br />First August school board meeting <br />13. School Board conveys property to Any time after preceding step; must <br />County be done prior to or coincident with <br />closing on financing <br />14. Nonprofit board adopts resolution <br />providing final approval of financing <br />documents that affect nonprofit <br />Between LGC approval and mailing <br />official statement; generally preferred <br />if prior to final BOCC action (maybe <br />combined with organization meeting <br />referenced in step 10) <br />15. County and underwriter put OS in final <br />form <br />16. County Board adopts final resolution to <br />approve substantially final documents. <br />and financing terms <br />Between LGC approval and final <br />BOCC action <br />$/15 BOCC meeting (as soon as <br />convenient after LGC approval and <br />construction bids are in hand, and <br />documents have been substantially <br />agreed upon by County and <br />underwriter) <br />