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NS RES-2001-074 Resolution Authorizing Sale of 1997 Bonds and Refunding Bonds
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NS RES-2001-074 Resolution Authorizing Sale of 1997 Bonds and Refunding Bonds
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Last modified
10/30/2012 11:31:20 AM
Creation date
10/16/2012 4:16:48 PM
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BOCC
Date
6/25/2001
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
9c
Document Relationships
Agenda - 06-25-2001-9c
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\Board of County Commissioners\BOCC Agendas\2000's\2001\Agenda - 06-25-2001
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6 <br /> entitled to payment of principal, premium, if any, and interest and the exercise of all <br /> rights and powers of the owner, except that interest payments will be made to the <br /> person shown as owner on the registration books on the 15th day of the month <br /> preceding each interest payment date. <br /> 9. Advertising Bonds for Sale — .There, has been made available to the <br /> Board a draft of a Notice of Sale and Bid Form relating to the Bonds (the "Notice of <br /> Sale"). The Finance Officer, in collaboration with the LGC, is authorized and directed <br /> to take all proper steps to advertise the Bonds for sale substantially in accordance with <br /> the draft Notice of Sale,, which is hereby approved, provided that the Finance Officer, <br /> in collaboration with the LGC, may make such changes in the Notice of Sale not <br /> inconsistent with this resolution as such officer may consider to be in the County's <br /> best interest. <br /> In addition, the Finance Officer is authorized and directed to provide for the <br /> publication of a notice of sale of the Bonds, in such form as such officer may <br /> determine,, at.least one time each in both (a) a newspaper having general circulation in <br /> the County and (b) a recognized national financial journal, in each case at least five <br /> days before the sale date for the Bonds, all in accordance with LGC guidelines. <br /> 10. LGC To Sell Bonds— The County asks the LGC to sell the Bonds, to <br /> receive and evaluate bids and to award the Bonds to the successful purchaser. <br /> 11. Completing Official Statement after Sale — After bids have been <br /> received and the LGC has awarded the Bonds to the successful purchaser, the Finance <br /> Officer is authorized and directed to prepare, in collaboration with the LGC, a <br /> supplement to the Official Statement containing, among such other matters as may be <br /> appropriate, information required pursuant to Rule 15c2-12 ("Rule 15c2-12") <br /> promulgated by the United States Securities and Exchange Commission under the <br /> United States Securities Act of 1934, as amended. The County, together with the <br /> LGC, will arrange for the delivery within seven business days of the date the Bonds - <br /> are sold of a reasonable number of copies of the supplemented Official Statement to <br /> the successful bidder on the Bonds for delivery to each potential investor requesting a <br /> copy of the supplemented Official Statement and to each person to.whom such bidder <br /> and members of the bidding group initially sell the Bonds. <br /> 12. Finance Officer To Complete Bond Closing — After the sale of the <br /> Bonds, the Finance Officer and all other County officers and employees are <br /> authorized and directed to take all proper steps to have the Bonds prepared and <br /> executed in accordance with their terms and to deliver the Bonds to the purchaser <br /> upon payment for the Bonds. <br /> The Finance Officer is authorized and directed to hold the executed Bonds, and <br /> any other documents authorized or permitted by this resolution, in escrow on the <br /> I <br />
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