2010/08/13 RESOLUTION HARNETT CTY BOC HEREBY ACCEPT THE CONDITIONS SET FORTH IN THE LETTER OF CONDITIONS DATED AUG 13, 2010 AND FORM USDA RD 1942-47 LOAN RESOLUTION & SECURITY AGREEMENTResolution 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 August 13, 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
Form RD -NC 1942 -47
Form RD 442 -7
Form RD 1940 -1
Form RD 400 -1
Form RD 400 -4
Form RD 1910 -11
Form AD 1047
Exhibit A -1, 1940 -0
Non - Titled form
Letter of Intent To Meet Conditions
Loan Resolution
Operating Budget
Request for Obligation of Funds
Equal Opportunity Agreement
Assurance Agreement
Applicant Certification Federal Collection Policies
Consumer Or Commercial Debts
Certification Regarding Debarment, Suspension,
Other Responsibility Matters - Primary Covered
Transactions
Certification For contracts, Grants and Loans
Certification of Compliance
For
and
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,
That this resolution become a part of the official minutes of the
Board meeting held on August 13, 2010.
Adopted this 13th day of August, 2010.
Ae
Timothy . cNeill, Chairman
r? r coU�
ina W 6eler, Clerk to Board
Motion made by tommiss;oner/YndMukand seconded bt, nmiss;ener H;II to adopt
the foregoing resolution. Motion passing 3 to �.