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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
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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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15c2-12. The Board authorizes the Finance Officer to approve the final document as a final <br /> Official Statement. The County, together with the LGC, will arrange for the delivery within <br /> seven business days of the sale date of a reasonable number of copies of the final Official <br /> Statement to the successful bidder on the Bonds for delivery to each potential investor <br /> requesting a copy of the final Official Statement and to each entity to which the bidder and <br /> members of the bidding group initially sell the Bonds. <br /> 12. County Officers To Complete Closing - The Board authorizes the Finance <br /> Officer and all other County officers and employees to take all proper steps to deliver the <br /> Bonds to the purchaser upon payment for the Bonds, and to take all other proper steps to <br /> complete the issuance of the Bonds. <br /> The Board authorizes the Finance Officer to hold the executed Bonds, and any other <br /> documents permitted by this resolution, in escrow on the County's behalf until the <br /> conditions for the delivery of the Bonds and other documents have been completed to the <br /> Finance Officer's satisfaction. The Finance Officer may then release the executed Bonds and <br /> other documents for delivery to the appropriate persons or organizations. <br /> Without limiting the generality of the foregoing, the Board specifically authorizes <br /> the Finance Officer to approve changes to any documents previously signed by County <br /> officers or employees, provided that the Bonds must be in substantially the form approved <br /> by this resolution and that any changes must not substantially alter the intent of the <br /> document from that expressed in the form originally executed. The Finance Officer's <br /> authorization of the release of any document for delivery will constitute conclusive <br /> evidence of his approval of any changes. <br /> In addition, the Board authorizes the Finance Officer to take all appropriate steps for <br /> the efficient and convenient carrying out of the County's on-going responsibilities with <br /> respect to the Bonds. This authorization includes, without limitation, contracting with third <br /> parties for reports and calculations that may be required under the Bonds, this resolution, <br /> or otherwise with respect to the Bonds. <br /> 13. Undertaking for Continuing Disclosure -- The County undertakes, for the <br /> benefit of the beneficial owners of the Bonds, to provide continuing disclosure with respect <br /> to the Bonds as described in Exhibit B. <br /> The Board designates the Finance Officer as the County officer to be primarily <br /> responsible for the County's compliance with its undertakings for continuing disclosure <br />
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