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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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9/26/2019 1:09:19 PM
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BOCC
Date
10/1/2019
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-a
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Agenda 10-01-19 Regular Board Meeting
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Path:
\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 10-01-19 Regular Meeting
Minutes 10-01-2019 Regular Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
RES-2019-059 Resolution Approving Financing Terms and Documents for 2019 Installment Financing
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Path:
\Board of County Commissioners\Resolutions\2010-2019\2019
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29 <br /> delivered and (ii) authorizing the execution, delivery and issuance of the 2019B <br /> Bonds, this Supplemental Agreement, and Deed of Trust Supplement #2 (as <br /> described in Exhibit B) <br /> b) Evidence satisfactory to the Trustee that the LGC has approved <br /> the issuance of the 2019B Bonds <br /> c) An executed copy of this Supplemental Agreement <br /> d) An executed copy of Deed of Trust Supplement #2, which <br /> extends the benefit of the security provided to the Trustee under the Prior Deed <br /> of Trust to secure the County's performance of its obligations under this <br /> Supplemental Agreement and 2019B Bonds, as contemplated by Section 1.06(iv) <br /> of the 2018 Agreement <br /> e) An Opinion of Bond Counsel to the effect that the execution and <br /> delivery of the 2019B Bonds as Additional Bonds is permitted under the terms of <br /> the Prior Agreement and has been duly authorized <br /> f) A County Certificate directing the Trustee as to the application of <br /> the proceeds from the sale of the 2019B Bonds <br /> g) Evidence of the issuance or proposed issuance of one or more <br /> lender's title insurance policies (or an appropriate endorsement to an existing <br /> policy) in favor of the Trustee, in an aggregate face amount of insurance equal to <br /> the total amount of Outstanding Bonds plus the principal amount of the 2019B <br /> Bonds, and including the instrument referenced in (d) above as an insured <br /> instrument <br /> Section 1.07. Limited Obligation. The 2019B Bonds are limited <br /> obligations of the County, as provided and described in Section 4.05 of the 2018 <br /> Agreement. <br /> ARTICLE II <br /> REDEMPTION <br /> 4 <br />
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