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RES-2019-018 Resolution supporting an application to LGC for County financing
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RES-2019-018 Resolution supporting an application to LGC for County financing
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Last modified
9/4/2019 11:30:58 AM
Creation date
3/29/2019 10:53:07 AM
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BOCC
Date
3/19/2019
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
5-c
Document Relationships
Agenda - 03-19-2019 5-c - Public Hearing on the Financing of Various Capital Investment Plan Projects
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 03-19-19 Regular Meeting
Minutes 03-19-2019 Regular Meeting
(Message)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
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3 . Additionally, the Board resolves as follows . <br /> (a) The County intends that the adoption of this resolution will be a <br /> declaration of the County' s official intent to reimburse project expenditures from <br /> financing proceeds . The County intends that funds that have been advanced for <br /> project costs , or which may be so advanced , from the County' s general fund , or any <br /> other County fund, may be reimbursed from the financing proceeds . <br /> (b ) The Board directs the Finance Officer to take all appropriate steps <br /> toward the completion of the financing, including (1 ) completing an application to <br /> the LGC for its approval of the proposed financing, and ( ii ) soliciting one or more <br /> proposals from financial institutions to provide the financing . The Board ratifies all <br /> prior actions of County representatives in this regard . <br /> ( c) This resolution takes effect immediately . <br />
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