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Agenda - 04-07-20; 8-h - Adoption of the Final Resolution Authorizing the Issuance of Approx. $40,000,000 in Installment Purchase Financing for CIP Projects
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Agenda - 04-07-20; 8-h - Adoption of the Final Resolution Authorizing the Issuance of Approx. $40,000,000 in Installment Purchase Financing for CIP Projects
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4/3/2020 9:51:48 AM
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BOCC
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4/7/2020
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Business
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Agenda
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8-h
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Agenda 04-07-20 Virtual Business Meeting
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73 <br /> from time to time, or any successor statute, or if such audited financial statements are not then available, <br /> unaudited financial statements of the County for such fiscal year to be replaced subsequently by audited <br /> financial statements of the County to be delivered within 15 days after such audited financial statements <br /> become available for distribution; <br /> (2) by not later than seven months after the end of each fiscal year, beginning with the fiscal <br /> year ending June 30, 2020, the financial and statistical data as of a date not earlier than the end of the <br /> preceding fiscal year for the type of information included under the captions "THE COUNTY—DEBT <br /> INFORMATION"and"—TAX INFORMATION"in Appendix A relating to the 2020 Bonds(excluding <br /> any information on overlapping or underlying debt)to the extent such items are not included in the audited <br /> financial statements referred to in(1) above; <br /> (3) in a timely manner not in excess of ten business days after the occurrence of the event, <br /> notice of any of the following events with respect to the 2020 Bonds: <br /> (a) principal and interest payment delinquencies; <br /> (b) non-payment related defaults, if material; <br /> (c) unscheduled draws on debt service reserves reflecting financial difficulties; <br /> (d) unscheduled draws on credit enhancements reflecting financial difficulties; <br /> (e) substitution of credit or liquidity providers, or their failure to perform; <br /> (f) adverse tax opinions,the issuance by the Internal Revenue Service of proposed or <br /> final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- <br /> TEB) or other material notices or determinations with respect to the tax status of <br /> the 2020 Bonds,or other material events affecting the tax status of the 2020 Bonds; <br /> (g) modifications to rights of holders of the 2020 Bonds,if material; <br /> (h) calls for redemption of 2020 Bonds (other than calls pursuant to sinking fund <br /> redemption), if material, and tender offers; <br /> (i) defeasances; <br /> (j) release, substitution, or sale of property securing repayment of the 2020 Bonds, if <br /> material; <br /> (k) rating changes; <br /> (1) bankruptcy, insolvency,receivership or similar proceedings related to the County <br /> or any other person or entity that may at any time become legally obligated to make <br /> payments on the 2020 Bonds(collectively,the"Obligated Persons"); <br /> (m) the consummation of a merger, consolidation, or acquisition involving an <br /> Obligated Person or the sale of all or substantially all of the assets of the Obligated <br /> Person, other than in the ordinary course of business, the entry into a definitive <br /> agreement to undertake such an action or the termination of a definitive agreement <br /> relating to any such actions,other than pursuant to its terms, if material; <br /> 19 <br />
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