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valorem taxes on any real or personal property therein to pay the principal of and interest on the Series 2005 Bonds or to make any other payments provided for herein. The Series 2005 Bonds shall not constitute a lien upon any properties owned by or located within the boundaries of the County. (C) The Original Resolution, in Section 17(P) thereof, provides for the issuance of Additional Parity Bonds under the terms, limitations and conditions provided therein. (D) The County has by this Resolution determined to defease the Series 1996 Bonds maturing on and after September 1, 2007 until the first optional redemption date with the proceeds of the Series 2005 Bonds and other funds of the County. (E) The County has complied with the terms, conditions and restrictions contained in the Original Resolution. The County is, therefore, legally entitled to issue the Series 2005 Bonds as Additional Parity Bonds within the authorization contained in the Original Resolution. (F) The Series 2005 Bonds herein authorized shall be on a parity and rank equally, as to lien on and source and security for payment from the Pledged Funds and in all other respects, with the Series 1993 Bonds and the nonrefunded portion of the Series 1996 Bonds. (G) The County intends to negotiate the sale of the Series 2005 Bonds as hereinafter provided to RBC Dain Rauscher Inc. (the "Underwriter") for the reasons set forth herein. (H) The County wishes to approve the form of an agreement for the purchase of the Series 2005 Bonds authorized to be sold hereby. (I) The County desires to delegate to the Chairman or Vice Chairman or the County Administrator or, in the absence of the County Administrator, the Director of Management and Budget the authority to award the sale of the Series 2005 Bonds to the Underwriter, as more specifically set forth in this resolution, and desires to delegate to the Chairman or Vice Chairman of the Board of County Commissioners or the County Administrator, the authority to execute such Bond Purchase Contract upon the approval of the terms thereof by the County Administrator or, in the absence of the County Administrator, the Director of Management and Budget, as more particularly set forth in this resolution. (J) The County desires to ratify the distribution of and use by the Underwriter of a Preliminary Official Statement, to authorize the execution and distribution of an Official Statement in connection with the issuance of the Series 2005 4