Agenda - 03-02-2006-8bCC - Laserfiche WebLink

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duly adopted, are in full force and effect, and have not been in any respect modified, revoked or rescinded. (i) The County reasonably believes funds ti~jill be available to satisfy all of its obligations hereunder. (j) The Financed Facilities have been or will be designed and constructed so as to comply ~~jith all applicable subdi~Tision, building and zoning ordinances and regulations, if an~j, and any and all applicable federal and State standards and requirements relating to the Financed Facilities. The Financed Facilities have not been and will not be used in any private business or put to any private business use. (k) The County uTill not take or permit, or omit to take or cause to be taken, any action that would cause its obligations under this Contract to be "arbitrage bonds" or "private activity bonds" within the meaning of the Code, or otherwise ad~Jersely affect the exclusion from gross income for federal income tax purposes of the designated interest component of Installment Payments to which such components would otherwise be entitled and, if it should take or permit, or omit to take or cause to be taken, any such action, the County v~rill take or cause to be taken all lawful actions within its poujer necessary to rescind or correct such actions or omissions promptly upon hatTing knowledge thereof. (1} To the extent information is available on the Closing Date, and based upon the County's examination of the Project Sites and of the Plans and Specifications and estimated Project Costs provided by an Appropriate Consultant, the Financed Facilities can be constructed, acquired and equipped for a total price within the total amount of fiends to be available therefor in the Project Fund, income anticipated to be derived from the investment thereof and other funds expected to be available for such purposes. If the total amount available for such purposes in the Project Fund will be insufficient to pay the entire cost of constructing, acquiring and equipping the Financed Facilities, the County ujill pay any such excess costs, with no resulting reduction or offset in the amounts otherwise payable by the County. 7.2. County's Undertaking for Continuing Disclosure. The County undertakes, for the benefit of the beneficial owners of the Certificates, to provide the follo~Ting: (a) by not later than seven months from the end of each of the County's Fiscal Years, to each nationally recognized municipal securities information 93361v2 1 ~