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construct and equip the elementary school improvements in accordance with the Construction <br />Agreement for and on behalf of the County. <br />(e) The site of the elementary school constituting the Mortgaged Property will be leased <br />to the Board of Education pursuant to a Lease Agreement, to be dated as of May 1, 2018 (the <br />"Lease Agreement"), between the County and the Board of Education, which Lease Agreement <br />will be subordinate to the lien created by the Deed of Trust. <br />(f) The Bonds will initially be sold to Wells Fargo Bank National Association and Robert <br />W. Baird & Co. Incorporated (the "Underwriters") pursuant to the terms of a Bond Purchase <br />Agreement, to be dated the date of delivery thereof (the "Bond Purchase Agreement"), between <br />the County and the Underwriters. <br />(g) In connection with the offering and sale of the Bonds by the Underwriters, there will <br />be prepared and distributed to potential purchasers a Preliminary Official Statement, to be dated <br />as of the date of delivery thereof (the "Preliminary Official Statement"), and the Official <br />Statement (hereinafter defined), relating to the offering and sale of the Bonds. <br />(h) There have been presented to the Board drafts of the following documents relating to <br />the transaction hereinabove described: <br />(1) the Master Trust Agreement; <br />(2) the First Supplemental Trust Agreement, together with the form of the Bonds <br />attached as Exhibit A thereto; <br />(3) the Deed of Trust; <br />(4) the Construction Agreement; <br />(5) the Lease Agreement; <br />(6) the Bond Purchase Agreement; and <br />(7) the Preliminary Official Statement. <br />3 <br />