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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
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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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33 <br /> payments as directed by a County Representative. In the absence of any direction <br /> from the County, the Trustee will deposit those moneys in the Interest Account and <br /> use them to pay interest on the 2019 Bonds as the same becomes due. <br /> Section 3.05. Use of Funds and Accounts from 2018 Agreement. The <br /> Trustee is to maintain and administer the Bond Payment Fund (and its principal and <br /> interest accounts) and the Net Proceeds Fund established under the 2018 <br /> Agreement to the same effect and purpose as provided in the 2018 Agreement with <br /> respect to the 2019 Bonds as to the 2018 Bonds and all Bonds generally. <br /> ARTICLE IV <br /> OTHER MODIFIED PROVISIONS <br /> Section 4.01. County's Updated Undertaking for Continuing <br /> Disclosure. The County undertakes, for the benefit of the beneficial owners of the <br /> Bonds, to provide the following items and information to the Municipal Securities <br /> Rulemaking Board ("MSRB"): <br /> (a) by not later than seven months from the end of each of the County's <br /> Fiscal Years, beginning with the Fiscal Year that ends June 30, 2019, audited County <br /> financial statements for such fiscal year, if available, prepared in accordance with <br /> Section 159-34 of the General Statutes of North Carolina, as it may be amended from <br /> time to time, or any successor statute, or, if such audited financial statements are <br /> not available by seven months from the end of any fiscal year, unaudited County <br /> financial statements for such fiscal year, to be replaced subsequently by audited <br /> County financial statements to be delivered within 15 days after such audited <br /> financial statements become available for distribution; <br /> (b) by not later than seven months from the end of each of the County's <br /> Fiscal Years, beginning with the Fiscal Year that ends June 30, 2019, the financial <br /> and statistical data as of a date not earlier than the end of the preceding fiscal year <br /> (which data will be prepared at least annually, will specify the date as to which such <br /> information was prepared and will be delivered with any subsequent material <br /> events notices specified in subparagraph (c) below) for the type of information <br /> [included in Appendix A to the final Official Statement relating to the 2019 Bonds <br /> under the captions "Debt Information" and "Tax Information" (excluding any <br /> 11 <br />
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