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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. $40,000,000 in Installment Purchase Financing for CIP Projects
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4/3/2020 9:51:48 AM
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BOCC
Date
4/7/2020
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-h
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Agenda 04-07-20 Virtual Business Meeting
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76 <br /> premium/discount of$ , less an Underwriters' discount of$ The Underwriters' <br /> obligation to purchase the 2020 Bonds is subject to certain terms and conditions set forth in the Purchase <br /> Agreement. <br /> FHN Financial Capital Markets is a division of First Horizon Bank and First Horizon Advisors, <br /> Inc.,is a wholly owned subsidiary of First Horizon Bank. FHN Financial Capital Markets has entered into <br /> a distribution agreement with First Horizon Advisors, Inc., for the distribution of the offered Bonds at the <br /> original issue prices. Such arrangement generally provides that FHN Financial Capital Markets will share <br /> a portion of its underwriting compensation or selling concession with First Horizon Advisors,Inc. <br /> The Underwriters may offer and sell the 2020 Bonds to certain dealers(including dealers depositing <br /> the 2020 Bonds into investment trusts) and others at prices lower than the initial public offering prices <br /> stated on the inside front cover page hereof. The public offering prices may be changed from time to time <br /> by the Underwriters. <br /> RATINGS <br /> Moody's Investors Service, Inc., S&P Global Ratings and Fitch Ratings Inc. have assigned ratings <br /> of"[_]," "[_]" and "[_]," respectively, to the 2020 Bonds. These ratings reflect only the view of <br /> such rating agencies, and an explanation of the significance of such ratings may be obtained from such <br /> rating agencies. Certain information and materials not included in this Official Statement were furnished <br /> to such rating agencies. There is no assurance that such ratings will continue for any given period of time <br /> or that such ratings will not be revised downward or withdrawn entirely if, in the judgment of such rating <br /> agencies, circumstances so warrant. Any such downward revision or withdrawal of such ratings may have <br /> an adverse effect on the market price of the 2020 Bonds. <br /> MISCELLANEOUS <br /> All quotations from and summaries and explanations of the Trust Agreement and the Modified <br /> Deed of Trust contained herein or in Appendix C hereto do not purport to be complete, and reference is <br /> made to such documents for full and complete statements of their respective provisions. The Appendices <br /> attached hereto are a part of this Official Statement. <br /> The information contained in this Official Statement has been compiled or prepared from <br /> information obtained from the County and other sources deemed to be reliable and,although not guaranteed <br /> as to completeness or accuracy, is believed to be correct as of this date. Any statements involving matters <br /> of opinion,whether or not expressly so stated, are intended as such and not as representations of fact. <br /> 22 <br />
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