2. MIDA Bond-Essentia Health - Laserfiche WebLink

Section 3. Approval and Authorization. 3.01. Subject to the holding of a public hearing according to law and subject to the mutual agreement of the County, the Borrower, the initial purchaser ofthe Bonds, the cities named herein as parties to the proposed Joint Powers Agreement and other parties to the proposed transaction as to the details of an indenture, loan agreement, Joint Powers Agreement and/or other documents necessary to evidence and effect the financing the Project and the issuance of the Bonds, the issuance of revenue bonds of the County, in one or more series, in an amount not to exceed $125,000,000, is hereby preliminarily approved and authorized to finance the Proj ect. 3.02. Neither this preliminary 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. The passage ofthis resolution does not finally commit the County to issue the Bonds nor, if applicable, establish priority for purposes of staying within the limitations established by federal law for the amount of private activity bonds that may be issued by the County or the State of North Dakota. Section 4. Public Hearing. 4.01. Since a public hearing, after notice according to law, is required for final approval of the issuance of the Bonds, a public hearing on the issuance of the Bonds shall be held at the County Commission Room, County Hall, Cass County Courthouse, City of Fargo, North Dakota, on the 22nd day of January, 2008 at 3:30 p.m. and the County Auditor is hereby instructed to give notice of such public hearing according to law. 4.02. Public notice in substantially the form attached to this Resolution as Exhibit A, together with such additions and deletions as the County Auditor shall approve shall be published in the County's official newspaper as required by law, and bond counsel shall arrange for such publication. Dated this 17th day of December, 2007. Chairman, Cass County Commission Attest: County Auditor Member seconded the above resolution and upon vote being taken thereon the following voted in favor: 3