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Agenda - 10-18-2011 - 5j
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Agenda - 10-18-2011 - 5j
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Last modified
11/29/2011 11:01:03 AM
Creation date
11/29/2011 11:01:00 AM
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BOCC
Date
10/18/2011
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5j
Document Relationships
Minutes 10-18-2011
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2011
RES-2011-091 Resolution for the Sale of up to $47,000,000 Public Improvement Refunding Bonds
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2011
RES-2011-092 Resolution Regarding Publication of Bond Order
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2011
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4 <br />The Board acknowledges that it is the County's responsibility, and ultimately the Board's <br />responsibility, to ensure that the Official Statement in its final form neither contains an untrue <br />statement of a material fact nor omits to state a material fact required to be included therein for the <br />purpose for which such Official Statement is to be used or necessary to make the statements <br />therein, in light of the circumstances under which they were made, not misleading. By the <br />adoption of this resolution, the Board members approve the Official Statement as materially <br />correct and complete, and further acknowledge and accept their own responsibility for causing the <br />County to fulfill these responsibilities for the Official Statement. <br />S. Redemption Provisions -- The Bonds will be subject to redemption prior to maturity <br />(or not) upon such terms and conditions as the Finance Officer, upon advice from the LGC and <br />the County's financial advisor, may determine. The Finance Officer must execute a certificate <br />prior to the initial delivery of the Bonds designating redemption terms and conditions, and such <br />certificate will be conclusive evidence of the Finance Officer's approval and determination of <br />such terms and conditions. <br />6. Form of Bonds; Payment Details -- The Bonds will be designated "General <br />Obligation Refunding Bonds, Series 2011," and will be in substantially the form set out in Exhibit <br />A. The Bonds will be dated the date of their initial issuance, will be in fully registered form, in <br />denominations of $5,000 and integral multiples thereof, and will be numbered for identification <br />from R-1 upward. <br />The Bonds must be signed by the manual or facsimile signature of this Board's Chair or the <br />County Manager must be countersigned by the manual or facsimile signature of the Clerk to this <br />Board or any Deputy or Assistant Clerk, and the County's seal must be affixed thereto or a <br />facsimile thereof printed thereon. No Bond will be valid unless at least one of the signatures <br />appearing on such Bond (which may be the signature of the LGC's representative required by <br />law) is manually applied or until such Bond has been authenticated by the manual signature of an <br />authorized officer or employee of a bond registrar selected by the Finance Officer <br />Interest on each Bond will be payable semiannually (a) from its date, if it is authenticated <br />prior to the first interest payment date, or (b) otherwise from the interest payment date that is, or <br />immediately precedes, the date on which it is authenticated (unless payment of interest thereon is <br />in default, in which case such Bond will bear interest from the date to which interest has been <br />paid). Principal and interest will be payable in lawful money of the United States of America. <br />The Finance Officer must execute a certificate prior to the initial delivery of the Bonds <br />designating the final aggregate principal amount of the Bonds (up to the maximum authorized <br />amount of $47,000,000), the final principal payment schedule and the interest payment dates for <br />the Bonds. This certificate will be conclusive evidence of the Finance Officer's approval and <br />determination of such matters. <br />7. Finance Officer as Registrar; Payments to Registered Owners -- The Finance <br />Officer is appointed Registrar for the Bonds. As Registrar, the Finance Officer must maintain <br />
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