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RES-2017-063 Resolution to Sell General Obligation Bonds
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RES-2017-063 Resolution to Sell General Obligation Bonds
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Last modified
3/5/2019 2:48:37 PM
Creation date
10/4/2017 10:20:12 AM
Metadata
Fields
Template:
BOCC
Date
10/3/2017
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
8h
Document Relationships
Agenda - 10-03-2017 - 8-h - General Obligation Bond Sale
(Linked To)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2017\Agenda - 10-03-2017 - Regular Mtg.
Minutes 10-03-2017
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2017
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The Board acknowledges that it is the County's responsibility, and ultimately the <br /> Board's responsibility, to ensure that the Official Statement in its final form neither <br /> contains an untrue statement of a material fact nor omits to state a material fact required <br /> to be included therein for the purpose for which the Official Statement is to be used or <br /> necessary to make the statements therein, in light of the circumstances under which they <br /> were made, not misleading. By the adoption of this resolution, the Board members <br /> acknowledge and accept their own responsibility for causing the County to fulfill these <br /> responsibilities for the Official Statement. <br /> The County deems the Official Statement as distributed by the LGC to be a "final <br /> official statement" within the meaning of Rule 15c2-12 of the Securities Exchange Act of <br /> 1934, as amended ("Rule 15c2-12"), except for the omission of certain final Bond pricing <br /> and other information that Rule 15c2-12 allows to be omitted. <br /> 6. Prepayment Provisions-The Board directs the Finance Officer, upon advice <br /> from the LGC, to determine the terms and conditions under which the Bonds will be subject <br /> to prepayment prior to maturity. The Finance Officer shall execute a certificate prior to the <br /> initial delivery of the Bonds designating prepayment terms and conditions. This certificate <br /> will be conclusive evidence of the Finance Officer's determination of these terms and <br /> conditions. <br /> 7. Form of Bonds;Payment Details-- The 2017A Bonds will be in substantially <br /> the form set out in Exhibit A. The 2017B Bonds and the 2017C Bonds will be in <br /> substantially the same form, with appropriate modifications to reflect their different <br /> purpose, maturity schedule, interest rates, prepayment provisions and other series-specific <br /> details. The Bonds will be dated the date of their initial issuance, will be in fully registered <br /> form, will be in denominations of $5,000 and integral multiples thereof and will be <br /> numbered for identification from R-1 upward separately within each series or <br /> consecutively across the series, as the Finance Officer may determine. <br /> The Bonds must be signed by the manual or facsimile signature of the Board's Chair <br /> or the County Manager,and the County's seal must be affixed to the Bonds (or a facsimile of <br /> the seal printed on the Bonds) and attested by the manual or facsimile signature of the <br /> Clerk to this Board or any Deputy or Assistant Clerk. No Bond will be valid unless at least <br /> one of the signatures appearing on the Bond (which may be the signature of the LGC's <br /> representative required by law) is manually applied or until the Bond has been <br />
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