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r (such preliminary expenditures together with such other costs of the Projects incurred and paid prior to the issuance of the Obligations being herein collectively called the "Pre-Issuance Expenditures"), which Pre-Issuance Expenditures, in~ accordance with the budget for the Projects and the County's operating budget, will ultimately be financed out of the proceeds of the Obligations as and when such Obligations are issued; and WHEREAS, pending the issuance o~ and the availability of the proceeds derived from the issuance and sale of, the Obligations, the Pre-Issuance Expenditures have been and will be paid on an interim basis out of moneys which, in accordance with the County budget and budgetary practices, are not and will not be available on a long-term basis to pay such costs (the "Advances"), with the expectation and intent that the County will be reimbursed for all such Advances out of the proceeds of the Obligations as and when the same are issued; NOW, THEREFORE, BE Tf RESOLVED BY'I'~~ BOARD OF COUNTY CONIIVIISSIONERS AS FOLLOWS: Section 1. The Board of County Commissioners hereby declares its intent to finance all Pre-issuance Expenditures out of the proceeds of the Obligations as and when the same are issued, and to reimburse itself out of the proceeds of the Obligations for all Advances made for the purpose of paying on an interim basis all Pre-issuance Expenditures. The County acknowledges that such reimbursement from Obligation proceeds may be made only to the extent that all other applicable requirements of Treasury Regulations § 1.150-2 are met with respect to the Obligations, the Pre-Issuance Costs, the sources of fund used to make the Advances and such reimbursement from Obligation proceeds, but ~intends, and hereby directs all County officials and personnel, to take such lawful actions as may be necessary or appropriate in order to ensure that the Advarices may be reimbursed from Obligation proceeds