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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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7 <br /> exclusively entitled to payment of principal, interest and any prepayment premium <br /> and the exercise of all rights and powers of the owner, except that the County will <br /> make payments to the person shown as owner on the registration books at the end <br /> of the calendar day on the 15th day of the month (whether or not a business day) <br /> preceding each interest payment date. <br /> 9. Advertising Bonds for Sale - The Board directs the Finance Officer, in <br /> collaboration with the LGC, to take all proper steps to advertise the Bonds for sale in <br /> accordance with standard LGC procedures, including by using a "Notice of Sale" <br /> document in the LGC's customary form and in substantially the same form as used <br /> for prior County bond sales. The Board directs the Finance Officer to review and <br /> approve a form of Notice of Sale as that officer may determine to be in the County's <br /> best interest. <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 based on the best bid received. <br /> 11. Completing Official Statement after Sale - After the LGC has received <br /> bids and awarded the Bonds to the successful bidder, the Board directs the Finance <br /> Officer, in collaboration with the LGC, to prepare a final Official Statement within the <br /> meaning of Rule 15c2-12. The Board authorizes the Finance Officer to approve the <br /> final document as a final Official Statement. The County, together with the LGC, will <br /> arrange for the delivery within seven business days of the sale date of a reasonable <br /> number of copies of the final Official Statement to the successful bidder on the <br /> Bonds for delivery to each potential investor requesting a copy of the final Official <br /> Statement and to each entity to which the bidder and members of the bidding group <br /> initially sell the Bonds. <br /> 12. County Officers To Complete Closing - The Board authorizes the <br /> Finance Officer and all other County officers and employees to take all proper steps <br /> to deliver the Bonds to the purchaser upon payment for the Bonds, and to take all <br /> other proper steps to complete the issuance of the Bonds. <br /> The Board authorizes the Finance Officer to hold the executed Bonds, and any <br /> other documents permitted by this resolution, in escrow on the County's behalf until <br />
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