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Agenda - 10-17-2017 - 8-d - Resolution to Refinance Existing Loan Obligations
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Agenda - 10-17-2017 - 8-d - Resolution to Refinance Existing Loan Obligations
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10/12/2017 3:46:01 PM
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10/13/2017 9:59:58 AM
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BOCC
Date
10/17/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8d
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Minutes 10-17-2017
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2017
RES-2017-069 Resolution providing final approval of terms and documents for 2017 County installment financing
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2017
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5 <br /> fact required to be included therein for the purpose for which such Official <br /> Statement is to be used or necessary to make the statements therein, in light of the <br /> circumstances under which they were made, not misleading. <br /> 4. Call of Existing Obligations for Prepayment -- The Board authorizes <br /> the Finance Officer to make, on the County's behalf, an irrevocable call for <br /> redemption or prepayment of such of the obligations shown on Exhibit A as the <br /> Finance Officer deems beneficial to the County. The Finance Officer will make this <br /> call for redemption by the execution and delivery of an appropriate certificate in <br /> connection with the original delivery of the planned limited obligation bonds. <br /> 5. Officers To Complete Closing - The County Manager, the Finance <br /> Officer and all other County officers and employees are authorized to take all proper <br /> steps to complete the financing in accordance with the terms of this resolution. <br /> The Board authorizes the County Manager to hold executed copies of all <br /> financing documents authorized by this resolution in escrow on the County's behalf <br /> until the conditions for their delivery have been completed to her satisfaction, and <br /> then to release the executed documents for delivery to the appropriate persons or <br /> organizations. <br /> Without limiting the generality of the previous paragraphs, the Board <br /> specifically authorizes the County Manager (a) to approve and enter into, on behalf <br /> of the County, any additional agreements appropriate to carry out the financing plan <br /> contemplated by this resolution, and (b) to approve changes to any documents <br /> previously signed by County officers or employees, provided that the changes do not <br /> substantially alter the intent from that expressed in the form originally signed. The <br /> County Manager's authorization of the release of any document for delivery will <br /> constitute conclusive evidence of her approval of any changes. <br /> In addition, the County Manager and the Finance Officer are authorized to take <br /> all appropriate steps for the efficient and convenient carrying out of the County's on- <br /> going responsibilities with respect to the financing. This authorization includes, <br /> without limitation, contracting with third parties for reports and calculations that <br /> may be required under the Documents, this resolution or otherwise with respect to <br /> the bonds. <br /> 3 <br />
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