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RES-2020-021 Resolution for the sale of General Obligation Bonds for Cedar Ridge High School Wing and Various other Orange County School Improvements
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RES-2020-021 Resolution for the sale of General Obligation Bonds for Cedar Ridge High School Wing and Various other Orange County School Improvements
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Last modified
9/1/2020 11:57:05 AM
Creation date
9/1/2020 11:51:09 AM
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BOCC
Date
4/7/2020
Meeting Type
Business
Document Type
Resolution
Agenda Item
8-g
Document Relationships
Agenda 04-07-20 Virtual Business Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 04-07-20 Virtual Business Meeting
Agenda - 04-07-20; 8-g - General Obligation Bond Sale of $20,060,000 for Cedar Ridge Wing and Various Other OCS Improvements
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 04-07-20 Virtual Business Meeting
Minutes 04-07-2020 Virtual Business Meeting
(Attachment)
Path:
\Board of County Commissioners\Minutes - Approved\2020's\2020
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to deliver the Bonds to the purchaser upon payment for the Bonds , and to take all <br /> other proper steps to complete the issuance of the Bonds . <br /> The Board authorizes the Finance Officer to hold the executed Bonds , and any <br /> other documents permitted by this resolution, in escrow on the County' s behalf until <br /> the conditions for the delivery of the Bonds and other documents have been <br /> completed to the Finance Officer ' s satisfaction . The Finance Officer may then release <br /> the executed Bonds and other documents for delivery to the appropriate persons or <br /> organizations . <br /> Without limiting the generality of the foregoing, the Board specifically <br /> authorizes the Finance Officer to approve changes to any documents previously <br /> signed by County officers or employees , provided that the Bonds must be in <br /> substantially the form approved by this resolution and that any changes must not <br /> substantially alter the intent of the document from that expressed in the form <br /> originally executed . The Finance Officer ' s authorization of the release of any such <br /> document for delivery will constitute conclusive evidence of that officer ' s approval <br /> of any changes . <br /> In addition, the Board authorizes the Finance Officer to take all appropriate <br /> steps for the efficient and convenient carrying out of the County' s on - going <br /> responsibilities with respect to the Bonds . This authorization includes , without <br /> limitation, contracting with third parties for reports and calculations that may be <br /> required under the Bonds , this resolution, or otherwise with respect to the Bonds . <br /> 12. Undertaking for Continuing Disclosure - - The County undertakes , for <br /> the benefit of the beneficial owners of the Bonds , to provide continuing disclosure <br /> with respect to the Bonds as described in Exhibit B . <br /> The Board designates the Finance Officer as the County officer to be primarily <br /> responsible for the County' s compliance with its undertakings for continuing <br /> disclosure provided for in this resolution . The Finance Officer will provide for the <br /> filings and reports ( including the reports of material events ) constituting the <br /> continuing disclosure provided for in this resolution . <br /> 5 <br />
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