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Agenda 10-01-19 Item 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $37,000,000 in Installment Purchase Financing for Various CIP Projects Including Refinancing County Debt
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Agenda 10-01-19 Item 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of $37,000,000 in Installment Purchase Financing for Various CIP Projects Including Refinancing County Debt
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BOCC
Date
10/1/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
6-a
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Agenda 10-01-19 Regular Board Meeting
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105 <br /> (iv) An opinion of McGuireWoods LLP, as counsel to the Underwriters, <br /> dated the Closing Date and addressed to the Underwriters in form and substance satisfactory to <br /> the Underwriters; <br /> (v) A certificate, dated the Closing Date, of the duly authorized <br /> representative(s) or officer(s) of the County and in form and substance satisfactory to the <br /> Underwriters, to the effect that (A) the representations and agreements of the County herein are <br /> true and correct in all material respects as of the date of Closing; (B) there are not pending or, to <br /> such officials' knowledge, threatened legal proceedings that will materially adversely affect the <br /> transactions contemplated hereby or by the Trust Agreement, or the validity or enforceability of <br /> the Bonds, or the security therefor; (C) the financial information relating to the County provided <br /> to the Underwriters presents fairly the financial position of the County as of the date indicated <br /> therein and the results of its operations for the period specified therein and the financial <br /> statements from which such information was derived have been prepared in accordance with <br /> applicable law with respect to the period involved; (D) since June 30, 2018, there has not been <br /> any material adverse change in the financial condition of the County taken as a whole or no <br /> increase in the County's indebtedness for borrowed money, other than as disclosed in the Official <br /> Statement or otherwise disclosed in writing to the Underwriters; (E) there are not pending or, to <br /> such officials' knowledge, threatened legal proceedings that will materially adversely affect the <br /> transactions contemplated hereby or by the Trust Agreement, or the validity or enforceability of <br /> the Bonds, or the security therefor; (F) the information contained in the Official Statement as of <br /> the Closing Date is true and correct in all material respects and did not and does not contain any <br /> untrue or misleading statement of a material fact or omit to state any material fact necessary to <br /> make the statements therein, in the light of the circumstances under which they were made, not <br /> misleading; and(G) the County has complied with all agreements and satisfied all the conditions <br /> on its part required to be performed or satisfied at or prior to the Closing, other than those <br /> specified hereunder that have been waived by the Underwriters; <br /> (vi) A photocopy of the Official Statement; <br /> (vii) One counterpart original of a transcript of all proceedings taken by the <br /> County relating to the authorization and issuance of the Bonds; <br /> (viii) Specimen Bonds; <br /> (ix) A certificate, dated the date of the Closing, of the duly authorized <br /> representative(s)or officer(s)of the County,with a copy of the Approving Resolution attached,to <br /> the effect that the Approving Resolution has been duly adopted and remains in full force and <br /> effect; <br /> (x) A certificate, dated on or before the closing date, evidencing the property <br /> insurance required by the Trust Agreement; <br /> (xi) A pro forma title insurance policy or other evidence of title insurance <br /> satisfactory to the Underwriters issued by Investors Title Insurance Company, relating to the <br /> Deed of Trust and naming the Trustee as a beneficiary; <br /> (xii) Federal tax form 8038-G prepared with respect to the Bonds and ready <br /> for filing; <br /> -10- <br />
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