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Agenda - 10-03-2017 - 8-h - General Obligation Bond Sale
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Agenda - 10-03-2017 - 8-h - General Obligation Bond Sale
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Last modified
9/29/2017 8:17:04 AM
Creation date
9/29/2017 10:59:40 AM
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BOCC
Date
10/3/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8h
Document Relationships
Minutes 10-03-2017
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2017
RES-2017-063 Resolution to Sell General Obligation Bonds
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2017
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5 <br /> information about the County and the financing to prospective investors in the <br /> Bonds. The draft Official Statement remains subject to completion and amendment. <br /> The Board approves the LGC's distribution of the Official Statement to <br /> prospective purchasers of the Bonds. The Official Statement as distributed must be <br /> in substantially the form presented to this meeting, which the Board approves, with <br /> changes as the Finance Officer may approve. The Board ratifies the prior actions of <br /> the Finance Officer and other County representatives, in collaboration with the LGC <br /> staff, in preparing the text of the Official Statement. <br /> The Board acknowledges that it is the County's responsibility, and ultimately <br /> the Board's responsibility, to ensure that the Official Statement in its final form <br /> neither contains an untrue statement of a material fact nor omits to state a material <br /> fact required to be included therein for the purpose for which the Official Statement <br /> is to be used or necessary to make the statements therein, in light of the <br /> circumstances under which they were made, not misleading. By the adoption of this <br /> resolution, the Board members acknowledge and accept their own responsibility for <br /> causing the County to fulfill these responsibilities for the Official Statement. <br /> The County deems the Official Statement as distributed by the LGC to be a <br /> "final official statement" within the meaning of Rule 15c2-12 of the Securities <br /> Exchange Act of 1934, as amended ("Rule 15c2-12"), except for the omission of <br /> certain final Bond pricing and other information that Rule 15c2-12 allows to be <br /> omitted. <br /> 6. Prepayment Provisions - The Board directs the Finance Officer, upon <br /> advice from the LGC, to determine the terms and conditions under which the Bonds <br /> will be subject to prepayment prior to maturity. The Finance Officer shall execute a <br /> certificate prior to the initial delivery of the Bonds designating prepayment terms <br /> and conditions. This certificate will be conclusive evidence of the Finance Officer's <br /> determination of these terms and conditions. <br /> 7. Form of Bonds; Payment Details -- The 2017A Bonds will be in <br /> substantially the form set out in Exhibit A. The 2017B Bonds and the 2017C Bonds <br /> will be in substantially the same form, with appropriate modifications to reflect <br />
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