2010/06/21 RESOLUTION BOC HARNETT CTY ACCEPT THE CONDITIONS SET FORTH IN THE LETTER OF CONDITIONS DATED JUNE 21, 2010 AND FORM USDA RD 1942-47 LOAN RESOLUTION & SECURITY AGREEMENTIF
Resolution of the Board of Commissioners of Harnett County, North Carolina
BE IT RESOLVED:
That the Board of Commissioners of Harnett County, NC does hereby
accept the conditions set forth in the Letter of Conditions dated June 21, 2010,
and Form USDA RD 1942 -47, Loan Resolution and Security Agreement, and;
That the Board of Commissioners of Harnett County, NC approves as
shown on Form RD 442 -7, Operating Budget, the proposed County operating
budget for the loan request; and,
That the Chairman and Clerk be authorized to execute all forms
necessary to obtain a loan from the USDA Rural Development, including, but not
limited to the following forms;
Form RD 1942 -46
Letter of Intent To Meet Conditions
Form RD -NC 1942 -47
Loan Resolution
Form RD 442 -7
Operating Budget
Form RD 1940 -1
Request for Obligation of Funds
Form RD 400 -1
Equal Opportunity Agreement
Form RD 400 -4
Assurance Agreement
Form RD 1910 -11
Applicant Certification Federal Collection Policies For
Consumer Or Commercial Debts
Form AD 1048
Certification Regarding Debarment, Suspension, and
Other Responsibility Matters - Primary Covered
Transactions
Exhibit A -1, 1940 -Q
Certification For contracts, Grants and Loans
Non - Titled form
Certification of Compliance
That the Board of Commissioners of Harnett County, NC elects to have
the interest rate charged by RD to be the lower of the rate in effect at either the
time of loan approval or loan closing; and,
That if the interest rate charged by RD should be changed between this
date and the date of actual loan approval, the Chairman and Clerk be authorized
to execute new forms reflecting the current interest rate and revised payments as
required by USDA Rural Development; and,
4
That this resolution become a part of the official minutes of the
Board meeting held on June 21, 2010.
Adopted this 21st day of June, 2010. 44444��4,,,,,
,440E CO'.1Q. So "gi
Timothy B. cNeill, Chairman * v *?
i
Marg7made t Regina W�jeeler, Clerk to Board
Vi e. Ch4trman
Motio by QnN r% ng wu and seconded by =;.rr R.' II to adopt
the foregoing resolution. Motion passing -L-- to D