2003 - 07-21-03 Regular Meeting - Laserfiche WebLink

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0 0 Ei"DX 19 PIGE 463 Exhibit A, to be published once in a qualified newspaper of general circulation within the County not less than 10 days prior to said public hearing. Section 3. The Board of Commissioners hereby approves the selection of the following financing team for the Project: Hclms Mulliss R Wicker, PLLC, special counsel; Davenport & Company LLC (Senior) and Banc of America Securities, LLC (Co-manager), underwriters, and Womble Carlyle Sandridgc & Rice, PLLC, underwriters' counsel. Section 4. The appropriate officers of the County are hereby authorized and directed to do any and all things necessary, appropriate or convenient to effectuate the foregoing and the proposed plan of financing, including without limitation the formation of a non-profit corporation to effectuate the financing, filing an application with the North Carolina Local Goverment Commission seeking approval of the plan of financing, the publication of any required notices related thereto, consideration and negotiation of proposals from one or more underwriters regarding the proposed plan of financing and the consideration and negotiation of the terms of the proposed plan of financing and the relevant legal documentation. Section 5. This Resolution shall become effective immediately upon its adoption. Thereupon, upon motion of Commissioner Lemmond , seconded by Commissioner Stevens , the foregoing resolution entitled "RESOLUTION RELATING TO INSTALLMENT CONTRACT FINANCING FOR PUBLIC SCHOOL AND COMMUNITY COLLEGE PROJECTS IN AN AGGREGATE PRINCIPAL AMOUNT UP TO $27,500,000; THE EXECUTION AND DELIVERY BY A NON-PROFIT CORPORATION OF CERTIFICATES OF PARTICIPATION RELATED THERETO; CALLING REQUIRED PUBLIC HEARING AND APPROVAL OF THE FINANCING TEAM" was adopted and passed by the following vote: AYES: Hincks, Lemmond, Matthews Paschal, Reives and Stevens NOES: N/A s 3