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Agenda - 05-18-2021; 8-e - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various CIP Projects and To Refinance Existing County Obligations
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Agenda - 05-18-2021; 8-e - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various CIP Projects and To Refinance Existing County Obligations
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5/13/2021 3:20:20 PM
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BOCC
Date
5/18/2021
Meeting Type
Business
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Agenda
Agenda Item
8-e
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OTHER-2021-021 Deed of Trust and Security Agreement
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Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-022 Trust Agreement
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\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-023 Escrow Agreement
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\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-024 Lease Modification
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\Board of County Commissioners\Various Documents\2020 - 2029\2021
OTHER-2021-025 Orange County, NC Limited Obligation Bonds
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Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2021
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10 <br /> Incorporated, as co-manager, to underwrite a public offering of the proposed limited <br /> obligation bonds. <br /> The Board approves the draft official statement submitted to this meeting as <br /> the form of the preliminary official statement pursuant to which the underwriters will <br /> offer the bonds for sale. The preliminary official statement as distributed to <br /> prospective investors must be in substantially the form presented, with such changes <br /> as the Finance Officer may approve. The Board directs the Finance Officer, after the <br /> sale of the bonds, to complete and otherwise prepare the preliminary official <br /> statement as an official statement in final form. <br /> The Board authorizes the use of the preliminary official statement and the final <br /> 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 neither contains an <br /> untrue statement of a material fact nor omits to state a material fact required to be <br /> included therein for the purpose for which the Official Statement is to be used or <br /> necessary to make the statements therein, in light of the circumstances under which <br /> they were made, not misleading. <br /> 4. 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 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 then <br /> 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 of <br /> 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 /> previously signed by County officers or employees, provided that the changes do not <br /> 3 <br />
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