1. MIDA Bond hearing/NDSU - Laserfiche WebLink

Section 3. Approval and Authorization. 3.01. Subject to the mutual agreement of the County, the Company, and the purchaser of the Bonds as to the details of the Bonds, the Loan Agreement, and other documents necessary to evidence and effect the financing of the Project, the issuance of the Bonds, in one or more series, in an amount not to exceed $4,500,000, is hereby approved and authorized to finance the Project. 3.02. Neither this commitment nor any actions, agreements, or legal matters related hereto or executed in pursuance hereof, shall in any manner or form create an indebtedness or liability of the County. 3.03. Federal legislation has imposed a cap or limit on the amount of tax-exempt private activity bonds which may be issued in each state. Cass County hereby states that it has not made inquiry and is without knowledge as to whether or not any Bonds issued pursuant to this Resolution are subject to such limitation, will exceed such limitation or whether the interest paid thereon will be exempt from taxation. Dated September 29, 2003. APPROVED: (SEAL) Chair, Board of County Commissioners ATTEST: Cass County Auditor Commissioner moved the adoption of the foregoing Resolution; Commissioner seconded the motion, and, upon vote being taken thereon, the following voted in favor: ; the following voted against the same: ; and the following were absent: ; whereupon the Resolution was declared duly passed and adopted.