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entered into among the County, the Trustee and the Underwriters' Representative (the <br />"Certificate Purchase Agreement"), and to execute and deliver, for and on bellalf of the <br />County, such Certificate Purchase Agreement; <br />(4) upon the sale of the 1998 Certificates to the Underwriters' Representative 1998 <br />Certificates, cause to be prepared a final official statement describing and setting forth <br />such information concerning the County, the Project and the 1998 Certificates as may be <br />necessary or appropriate in order to disclose all material information which a prospective <br />investor would need in order to make an informed decision with respect to an investment <br />in the 1998 Certificates; <br />(5) if the Director determines that it is in the best interests of the County: <br />(A) acquire a letter of credit, a municipal bond insurance policy, a surety <br />bond, standby bond purchase agreement or other credit enhancement device to <br />provide credit enhancement for all or any portion of the 1998 Certificates (herein <br />called a "Credit Facility"); <br />(B) negotiate such terms and conditions relating to such Credit Facility as <br />the Director deems appropriate and in the best interests of the County; and <br />(C) execute and delivery all documents and agreements necessary or <br />appropriate in order to obtain such Credit Facility, and use proceeds of the 1998 <br />Certificates or other lawfully available moneys to pay any premium or other fees <br />and expenses required to obtain such Credit Facility; and <br />(6) execute and deliver, for and on behalf of the County, the Agreement, the Site <br />Mortgage and the Condominium Mortgage in substantially the forms now on file with the <br />County Clerk in connection with the adoption of this resolution, but with such changes, <br />deletions and additions thereto as the Director determines are necessary or appropriate and <br />not inconsistent with the terms and conditions of this resolution and applicable law; <br />The authority of the Director to determine the terms of the 1998 Certificates as provided above <br />shall be exercised by setting forth such terms as so determined and established in the Certificate <br />Purchase Agreement and the Agreement and, to the extent so required under applicable law, shall <br />constitute the completion of the determination of such matters by the County as a public body. <br />SECTION 4. FURT~-IER AUTHORITY. The Director is hereby authorized and directed to <br />take such action, expend such funds and execute and delivery such other documents, certificates <br />and instruments as may be necessary or desirable to consummate the transactions contemplated <br />by the Agreement and this Resolution, to carry out and comply with the intent of this Resolution <br />and to carry out, comply with and perform the duties of County with respect to the Agreement <br />and the 1998 Certificates. <br />RESOLUTION AUTHORIZING FINANCING PAGE 4 <br />