Browse
Search
RES-2007-037 Resolution Providing Final Approval for County Installment Financing
OrangeCountyNC
>
Board of County Commissioners
>
Resolutions
>
2000-2009
>
2007
>
RES-2007-037 Resolution Providing Final Approval for County Installment Financing
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/3/2012 9:37:52 AM
Creation date
5/20/2010 8:46:10 AM
Metadata
Fields
Template:
BOCC
Date
5/3/2007
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
5a
Document Relationships
Agenda - 05-03-2007-5a
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2000's\2007\Agenda - 05-03-2007
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
59
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
32 <br />"Completion Certificate" means the certificate evidencing substantial <br />completion of the Financed Facilities provided for in Section 2.3(a) of the Project <br />Fund Agreement. <br />"Completion Date" means the date on which the County delivers the <br />Completion Certificate. <br />"Construction Contracts" means the contracts between the County and <br />contractors for the construction of the Pledged Facilities. <br />"County Board" means the County's governing board as from time to time <br />constituted. <br />"Contract Payments" means Installment Payments and Additional Payments. <br />"County Representative" means the County Manager, County finance officer <br />or any other person or persons at the time designated, by a written certificate <br />furnished to SunTrust and signed on the County's behalf by the County Manager or <br />the Chair of the County .Board, to act on the County's behalf for the purpose of <br />performing any act (or any specified act) under this Contract. <br />"Deed of Trust" means the Deed of Trust and Security Agreement, dated as <br />of June 1, 2007, from the County to a deed of trust trustee for the benefit of <br />SunTrust and its assigns, as it may be duly amended or supplemented. <br />"Event of Default" means one or more events of default as defined in <br />Section 10.1. <br />"Event of Nonappropriation" means a determination by the County Board <br />not to include an appropriation for Contract Payments in the County budget for any <br />Fiscal Year, as contemplated in Section 2.5(a), or any subsequent action by the <br />County Board to delete such an appropriation from an approved County budget. <br />"Federal Securities" means, to the extent such are legal investments for the <br />County's funds at the time of purchase, (a) direct obligations of the United States of <br />America for which its full faith and credit are pledged, (b) securities or obligations <br />evidencing direct ownership interests in specified portions (principal or interest) of <br />obligations described in (a), or (c) obligations unconditionally guaranteed by the <br />United States of America. <br />97562v1 32 <br />
The URL can be used to link to this page
Your browser does not support the video tag.