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Agenda - 11-16-2010 - 4k
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Agenda - 11-16-2010 - 4k
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11/16/2010 12:55:23 PM
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BOCC
Date
11/16/2010
Meeting Type
Regular Meeting
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Agenda
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4k
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Minutes 11-16-2010
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\Board of County Commissioners\Minutes - Approved\2010's\2010
RES-2010-088 Resolution Providing Final Approval of Terms and Documents for County's 2010 Installment Refinancings and Equipment Refinancing
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\Board of County Commissioners\Resolutions\2010-2019\2010
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(c) Each prepayment notice must specify (1) the complete designation, <br />including Series, of the Bonds to be prepaid, (2) the CUSIP numbers of the Bonds to be • <br />prepaid, (3) the dated dates and maturity dates and the interest rates of the Bonds to be <br />prepaid, (4) the date fixed for prepayment, (5) any conditions to the prepayment, as <br />contemplated by subsection (b) above, (6) the principal amount of Bonds or portions <br />thereof to be prepaid, (7) the applicable prepayment price, (8) the address of the place or <br />places of payment, (9) the Trustee's name and telephone number, and the name of a <br />contact person, (10) that payment of the principal amount and premium, if any, with <br />respect to such Bonds will be made upon presentation and surrender of the Bonds to be <br />prepaid to the Trustee, (11) that interest accrued to the date fixed for prepayment will be <br />paid as specified in such notice, and (12) that on and after the established prepayment <br />date interest on Bonds which have been prepaid will cease to accrue. <br />In preparing such notices, the Trustee will take into account, to the extent <br />applicable, any regulatory statement of any Federal or state administrative body having <br />jurisdiction over the tax-exempt securities industry, including, without limitation, Release <br />No. 34-23856 of the Securities and Exchange Commission or any subsequent amending <br />or superseding release. <br />Section 3.04. Bonds Payable on Prepayment Date; Interest Ceases To Accrue. <br />If on or before the date fixed for prepayment funds are deposited with the Trustee to pay <br />the principal, premium, if any, and interest accrued to the prepayment date with respect to • <br />the Bonds called for prepayment, the Bonds or portions thereof thus called for <br />prepayment will cease to accrue interest from and after the prepayment date, will no <br />longer be entitled to the benefits provided by this Agreement and will not be deemed to <br />be Outstanding under this Agreement. <br />Section 3.05. Mandatory Sinking Fund Prepayment. The Trustee, from <br />amounts received from or on behalf of the County, will prepay 2010 Bonds maturing on <br />November 1, , on November 1 in years and amounts upon payment of 100% of the <br />principal amount thereof plus interest accrued to the prepayment date, as follows: <br />Year Amount ($) <br />[To come] <br />(fmal maturity) <br />Notwithstanding the foregoing, on or before the 70th day next preceding any <br />sinking fund payment date, the County may do either of the following: • <br />(1) deliver to the Trustee for cancellation Term Bonds required to be prepaid <br />on such sinking fund payment date in any aggregate principal amount desired; or <br />i~ <br />
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