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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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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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30 <br /> (c) Each redemption notice must specify (i) the complete designation of <br /> the 2019 Bonds to be redeemed, (ii) the CUSIP numbers of the 2019 Bonds to be <br /> redeemed, (iii) the dated dates, maturity dates and interest rates of the 2019 Bonds <br /> to be redeemed, (iv) the date fixed for redemption, (v) any conditions to the <br /> redemption, as contemplated by subsection (b) above, (vi) the principal amount of <br /> 2019 Bonds or portions thereof to be redeemed, (vii) the applicable redemption <br /> price, (viii) the address of the place or places of payment, (ix) the Trustee's name <br /> and telephone number, and the name of a contact person, (x) that interest accrued <br /> to the date fixed for redemption will be paid as specified in the notice, and (xi) that <br /> on and after the established redemption date interest on 2019 Bonds which have <br /> been redeemed will cease to accrue. The Trustee must also include in any <br /> redemption notice any additional information provided by the County for use in the <br /> notice. <br /> Section 2.04. 2019 Bonds Payable on Redemption Date; Interest Ceases <br /> To Accrue. If on or before the date fixed for redemption funds are deposited with <br /> the Trustee to pay the principal of and interest accrued to the redemption date on <br /> 2019 Bonds called for redemption, the 2019 Bonds (or portions of 2019 Bonds) <br /> called for redemption cease to accrue interest from and after the redemption date. <br /> Thereafter, those 2019 Bonds (a) are no longer entitled to the benefits provided by <br /> the Trust Agreement and (b) are not deemed to be Outstanding under the Trust <br /> Agreement. <br /> Section 2.05. Mandatory Sinking Fund Redemption. (a) The Trustee, from <br /> amounts received from or on behalf of the County, will redeem 2019 Bonds <br /> maturing on October 1, 20_, on October 1 in years and amounts upon payment of <br /> 100% of the principal amount thereof plus interest accrued to the redemption date, <br /> as follows: <br /> Year Amount ($1 <br /> 8 <br />
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