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Resolution of Board of County Commissioners <br />HE Page 3 <br />• <br />Section 2. That the county understands and agrees, upon receipt <br />of such application by the Chairman of the Board of Highway Secondary <br />Funds Trustees, a meeting of the Board of Highway Secondary Funds <br />Trustees will be called for the purpose of determining% <br />a. The desirability of the project; <br />b. The necessity of the project; <br />c. The ability of the borrowing county to repay <br />the loan within five (5) years; and <br />d. Any other criteria necessary to test the <br />advisability of continuing with the processing <br />of the application, which criteria shall be <br />based upon the project contemplated and may <br />include, but shall not be limited to, recom- <br />mendations by the State Road Department engineers <br />and fiscal officers of the State Road Department. <br />Section 3. The County further understands and agrees that if <br />a majority of the Board of Highway Secondary Funds Trustees approves <br />and recommends the project, said Board shall, by resolution indicating <br />approval, report to the State Road Department and in said resolution <br />shall report their expenses incurred in attending any meeting in the <br />performance of their duties, which expenses shall be paid from the <br />proceeds of the sale of fuel tax anticipation certificates. <br />Section 4. The County consents and agrees to the pledge and <br />the use of eighty (80) per cent surplus gas tax accruing to or for <br />use in the County for the payment of the debt service requirements of <br />the fuel tax anticipation certificates to be issued by the State Road <br />Department on behalf of the County to finance the proposed project. <br />Section 5. The County requests that the fuel tax certificates <br />to be issued mature in the amounts and on the dates as follows <br />1968 $100,000 <br />1969 100,000 <br />1970 100,000 <br />1971 100,000 <br />1972 100,000 <br />WK rACE25J <br />