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Agenda 05-02-2019 - 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $16,950,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-02-2019 - 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $16,950,000 in Installment Purchase Financing for Various Capital Investment Plan Projects
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4/25/2019 5:09:19 PM
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BOCC
Date
5/2/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
6-a
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Agenda 05-02-2019 Regular Board Meeting
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 05-02-19 Regular Meeting
Minutes 05-02-2019 Regular Meeting
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\Board of County Commissioners\Minutes - Approved\2010's\2019
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27 <br /> e) An Opinion of Bond Counsel to the effect that the execution and <br /> delivery of the 2019 Bonds as Additional Bonds is permitted under the terms of <br /> the 2018 Agreement and has been duly authorized <br /> f) A County Certificate directing the Trustee as to the application of <br /> the proceeds from the sale of the 2019 Bonds <br /> g) Evidence of the issuance or proposed issuance of one or more <br /> lender's title insurance policies (or an appropriate endorsement to an existing <br /> policy) in favor of the Trustee, in an aggregate face amount of insurance equal to <br /> the total amount of Outstanding Bonds plus the principal amount of the 2019 <br /> Bonds, and including the instrument referenced in (d) above as an insured <br /> instrument <br /> Section 1.07. Limited Obligation. The 2019 Bonds are limited <br /> obligations of the County, as provided and described in Section 4.05 of the 2018 <br /> Agreement. <br /> ARTICLE II <br /> REDEMPTION <br /> Section 2.01. Redemption Dates and Prices. The 2019 Bonds are subject <br /> to redemption only as provided in this Section. <br /> (a) Optional Redemption - The 2019 Bonds maturing on or after October 1, <br /> 20_, are subject to redemption at the County's option, in whole or in part on any <br /> date on or after October 1, 20_, upon payment of the principal amount to be <br /> redeemed plus interest accrued to the redemption date, without premium. <br /> (b) Mandatory Sinking Fund Redemption -- The 2019 Bonds maturing on <br /> October 1, 20_, are required to be redeemed in part prior to maturity pursuant to <br /> the terms of the sinking fund requirements of Section 2.05 at a redemption price <br /> equal to the principal amount to be redeemed plus interest accrued to the <br /> redemption date, without premium. <br /> Section 2.02. Selection of 2019 Bonds for Redemption. <br /> 5 <br />
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