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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
Document Type
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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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
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28 <br /> (a) If less than all the 2019 Bonds are to be redeemed pursuant to <br /> subsection 2.01(a), they will be redeemed among maturities in any manner the <br /> County chooses. <br /> (b) If less than all of the 2019 Bonds of any maturity are to be redeemed, <br /> the Trustee must select the 2019 Bonds to be redeemed by lot; provided, however, <br /> that so long as a book-entry system with DTC is used for determining beneficial <br /> ownership of 2019 Bonds, if less than all of the 2019 Bonds within a maturity are to <br /> be redeemed, the parties agree that DTC may determine which of the 2019 Bonds <br /> within the maturity are to be redeemed in accordance with DTC's then-current rules <br /> and procedures. <br /> (c) In any case, (i) the portion of any 2019 Bond to be redeemed must be <br /> in the principal amount of $5,000 or some integral multiple thereof, and (ii) in <br /> selecting 2019 Bonds for redemption, each 2019 Bond will be considered as <br /> representing that number of 2019 Bonds which is obtained by dividing the principal <br /> amount of that 2019 Bond by $5,000. If a portion of a 2019 Bond is called for <br /> redemption, the County will prepare, and the Trustee will deliver a new 2019 Bond <br /> of the same series in principal amount equal to the unpaid portion to the registered <br /> owner upon the surrender of the 2019 Bond. <br /> Section 2.03. Redemption Notices. (a) The Trustee, at the County's <br /> direction, upon being satisfactorily indemnified with respect to expenses, and with <br /> at least two Business Days' notice, will send notice of redemption no less than 30 <br /> nor more than 60 days prior to the redemption date, as follows: <br /> (i) For any 2019 Bonds being called for redemption for which DTC or its <br /> nominee is the registered owner, to DTC, in whatever manner may be provided for <br /> under DTC's standard operating rules as then in effect (and if the Trustee is unable <br /> to determine those rules, by registered or certified mail, return receipt requested); <br /> (ii) For any 2019 Bonds for which no book-entry-only system of <br /> registration is in effect, to each of the registered owners of those 2019 Bonds at <br /> their addresses as shown on the Trustee's registration books, by registered or <br /> certified mail; and <br /> 6 <br />
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