RES-2012-101 Resolution for the Sale of Up to $20,000,000 of County General Obligation Refunding Bonds

Browse Search

designed to provide appropriate information about the County and the financing to prospective investors in the Bonds. The Official Statement must be in substantially the same form as that used on other recent County financings (such as the County's 2011 refunding bonds and its 2012 limited obligation bonds), with appropriate supplemental and updated information as approved by the Finance Officer. The Board ratifies the prior actions of the Finance Officer and other County representatives in preparing the Official Statement. The Board acknowledges that it is the County's responsibility, and ultimately the Board's responsibility, to ensure that the Official Statement in its final form neither contains an untrue statement of a material fact nor omits to state a material fact required to be included therein for the purpose for which the Official Statement is to be used or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. By the adoption of this resolution, the Board members acknowledge and accept their own responsibility for causing the County to fulfill these responsibilities for the Official Statement. The Board approves the LGC's distribution of the Official Statement to prospective purchasers of the Bonds. The County deems the Official Statement as distributed by the LGC to be a "final official statement" within the meaning of Rule 15c2-12 of the Securities Exchange Act of 1934, as amended ("Rule 15c-12"), except for the omission of certain final bond pricing and other information that Rule 15c2-12 allows to be omitted. 5. Redemption Provisions— The Finance Officer, upon advice from the LGC, is directed to determine the terms and conditions under which the Bonds will be subject to redemption prior to maturity, if at all. The Finance Officer must execute a certificate prior to the initial delivery of the Bonds designating redemption terms and conditions. This certificate will be conclusive evidence of the Finance Officer's approval and determination of these terms and conditions. 6. Form of Bonds; Payment Details — The Refunding Bonds will be designated "General Obligation Refunding Bonds, Series 2012." The Bonds will be in substantially the form set out in Exhibit A. The Bonds will be dated the date of their initial issuance, will be in fully registered form, will be in denominations of$5,000 and integral multiples thereof, and will be numbered for identification from R-I upward. The Bonds must be signed by the manual or facsimile signature of the Board's Chairman or the County Manager, and the County's seal must be affixed to the Bonds (or a facsimile thereof printed thereon) and attested by the manual or facsimile signature of the Clerk to this Board or any Deputy or Assistant Clerk. No Bond will be valid unless at least one of the signatures appearing on the Bond (which may be the signature of the LGC's representative required by law) is manually applied or until the Bond has been 2