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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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49 <br /> Year Amount ($1 <br /> *Final maturity <br /> The amount of Bonds to be redeemed on any sinking fund payment date may <br /> be reduced in accordance with the provisions of the Trust Agreement. <br /> If less than all the Bonds of any maturity are called for redemption, the <br /> Trustee will select the Bonds to be redeemed by lot; provided, however, that so long <br /> as a book-entry system with DTC is used for recording beneficial ownership of <br /> Bonds, if less than all of the Bonds within a maturity are to be redeemed, DTC and its <br /> participants will determine which of the Bonds within any such maturity are to be <br /> redeemed. <br /> In any case, (1) the portion of any Bond to be prepaid will be in the principal <br /> amount of $5,000 or some integral multiple thereof, and (2) in selecting Bonds for <br /> redemption, each Bond will be considered as representing that number of Bonds <br /> which is obtained by dividing the principal amount of that Bond by $5,000. If a <br /> portion of a Bond is called for redemption, a new Bond in principal amount equal to <br /> the unpaid portion will be issued to the registered owner upon the surrender of the <br /> Bond. <br /> The Trustee will send notice of redemption to DTC or its nominee as the <br /> Owner of the Bonds as provided in the Trust Agreement. The Trustee will send the <br /> notice not more than 60 days nor less than 30 days prior to the date fixed for <br /> redemption. Neither the Trustee nor the County is responsible for sending notices of <br /> redemption to anyone other than DTC or its nominee, so long as all the Bonds to be <br /> redeemed are held in a book-entry-only form with DTC. <br /> If on or before the date fixed for redemption funds have been deposited with <br /> the Trustee to pay the principal and interest accrued to the redemption date with <br /> 27 <br />
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