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RES-2019-026 Resolution providing final approval of terms and documents for Spring 2019 refinancing
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RES-2019-026 Resolution providing final approval of terms and documents for Spring 2019 refinancing
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Last modified
9/4/2019 11:32:43 AM
Creation date
5/14/2019 10:15:27 AM
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BOCC
Date
5/2/2019
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
6-a
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Minutes 05-02-2019 Regular Meeting
(Message)
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\Board of County Commissioners\Minutes - Approved\2010's\2019
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The Board acknowledges that it is the County' s responsibility, and ultimately <br /> the Board ' s responsibility, to ensure that the Official Statement in its final form <br /> neither contains an untrue statement of a material fact nor omits to state a material <br /> fact required to be included therein for the purpose for which such Official <br /> Statement is to be used or necessary to make the statements therein, in light of the <br /> circumstances under which they were made , not misleading . <br /> 4. Officers to Complete Closing - The Board authorizes the County <br /> Manager, the Finance Officer and all other County officers and employees to take all <br /> proper steps to complete the financing in accordance with the terms of this <br /> resolution . <br /> The Board authorizes the County Manager to hold executed copies of all <br /> financing documents authorized by this resolution in escrow on the County ' s behalf <br /> until the conditions for their delivery have been completed to her satisfaction , and <br /> then to release the executed documents for delivery to the appropriate persons or <br /> organizations . <br /> Without limiting the generality of the previous paragraphs , the Board <br /> specifically authorizes the County Manager (a) to approve and enter into , on behalf <br /> of the County, any additional agreements appropriate to carry out the financing plan <br /> contemplated by this resolution , and (b ) to approve changes to any documents <br /> previously signed by County officers or employees , provided that the changes do not <br /> substantially alter the intent from that expressed in the form originally signed . The <br /> County Manager' s authorization of the release of any document for delivery will <br /> constitute conclusive evidence of her approval of any changes . <br /> In addition, the County Manager and the Finance Officer are authorized to take <br /> all appropriate steps for the efficient and convenient carrying out of the County' s on - <br /> going responsibilities with respect to the financing . This authorization includes, <br /> without limitation, contracting with third parties for reports and calculations that <br /> may be required under the Documents , this resolution or otherwise with respect to <br /> the bonds . <br /> I Other Financing Participants - Sanford Holshouser LLP will serve as <br /> the County' s bond counsel . Davenport & Company LLC will serve as the County ' s <br /> financial adviser. The Bank of New York Mellon Trust Company, N .A . , will serve as <br />
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