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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
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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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5 <br /> changes as the Finance Officer may approve. The Board directs the Finance Officer, <br /> after the sale of the bonds, to complete and otherwise prepare the preliminary <br /> official statement as an official statement in final form. <br /> The Board authorizes the use of the preliminary official statement and the <br /> final official statement (collectively, the "Official Statement") by the underwriters in <br /> connection with the sale of the bonds. <br /> 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. Call of Existing Obligations for Prepayment -- The Board authorizes <br /> the Finance Officer to make, on the County's behalf, an irrevocable call for <br /> redemption or prepayment of such of the obligations shown on Exhibit B as the <br /> Finance Officer deems beneficial to the County. The Finance Officer will make this <br /> call for redemption by the execution and delivery of an appropriate certificate in <br /> connection with the original delivery of the planned limited obligation bonds. <br /> 5. 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 /> 3 <br />
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