Laserfiche WebLink
0 <br />aov 15 PnE io3 <br />The Board considered documents relating to the tax exemption <br />status of the installment financing with Southern National Leasing <br />Corporation. Finance Officer John Crumpton answered questions of the <br />Board. Commissioner Reives moved the adoption of the following <br />Resolution: <br />WHEREAS, the Board of Commissioners desires that its <br />financing with Southern National Leasing corporation be on a basis <br />that the interest on the loan be tax exempt; and <br />WHEREAS, LeBoeuf, Lamb, Leiby & McRae, the County's Bond <br />Counsel, and Southern National Leasing Corporation have submitted to <br />this meeting forms of the following documents: <br />First Amendment to Deed of Trust and Security <br />Agreement (the "Amendment") <br />Tax Certificate as to Arbitrage and Instructions <br />as to compliance with provisions of Section 103(a) <br />of the Internal Revenue Code of 1986 (the <br />"Certificate:) <br />Form 8083-G, (the "Tax Form"); and <br />WHEREAS, the County Attorney and the Finance officer have <br />recommended approval and execution of the documents; NOW, THEREFORE, <br />BE IT RESOLVED, by the Board of Commissioners for Lee <br />County as follows: <br />Section 1. The Amendment, in the form submitted to this <br />meeting, is hereby approved and the Chairman or Vice Chairman is <br />hereby authorized and directed to execute and deliver, and the Clerk <br />to the Board is hereby authorized and directed to attest and <br />acknowledge, the Amendment substantially in such form with such <br />necessary and appropriate variations, omissions, and insertions as <br />may be approved by the Chairman or Vice Chairman. <br />Section 2. The Certificate, in the form submitted to this <br />meeting, is hereby approved and the Chairman or Vice chairman is <br />hereby authorized and directed to execute and deliver, and the Clerk <br />to the Board is hereby authorized and directed to attest and <br />acknowledge, the Certificate substantially in such form with such <br />necessary and appropriate variations, omissions, and insertions as <br />may be approved by the Chairman or Vice Chairman. <br />Section 3. The Tax Form, in the form submitted to this <br />meeting, is hereby approved and the Chairman or Vice Chairman is <br />hereby authorized and directed to execute and deliver, and the Clerk <br />to the Board is hereby authorized and directed to attest and <br />acknowledge, the Tax Form substantially in such form with such <br />011 <br />5 <br />