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Agenda - 04-19-2016 - 7-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $8,150,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda - 04-19-2016 - 7-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $8,150,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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4/15/2016 9:26:09 AM
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BOCC
Date
4/19/2016
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7a
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RES-2016-032 Resolution providing final approval of terms and documents for 2016 County installment financing
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\Board of County Commissioners\Resolutions\2010-2019\2016
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7 <br /> Purchase new generator for Hillsborough Commons 100,000 <br /> Financing and related costs 155,241 <br /> TOTAL 8,150,000 <br /> * * * * * * * <br /> Exhibit B -- Draft Agreements <br /> (a) A draft dated April 4, 2016, of an Installment Financing Contract to be <br /> dated on or about May 1, 2016 (the "Financing Contract"), between the County and <br /> the Bank, providing for the advance of funds to the County for the County's <br /> undertaking of the project, setting out the County's repayment obligation and <br /> setting out the County's obligations regarding care for the collateral and other <br /> matters. <br /> (b) A draft dated April 4, 2016, of a Deed of Trust and Security Agreement <br /> to be dated on or about May 1, 2016, from the County to a deed of trust trustee for <br /> the Bank's benefit, providing for a security interest in the Grady Brown School and <br /> its associated real property to secure the County's repayment obligation. <br /> (c) A draft dated April 4, 2016, of a Lease to be dated on or about May 1, <br /> 2016, from the County to The Orange County Board of Education (the "School <br /> Board"), providing for the School Board's continued use of the Grady Brown School <br /> property during the financing term. <br /> (d) A draft dated April 4, 2016, of a Project Completion and Agency <br /> Agreement to be dated on or about May 1, 2016, between the County and the School <br /> Board, setting out their respective responsibilities for carrying out the acquisition and <br /> construction of the planned improvements to Grady Brown School. <br />
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