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RES-2021-032-Resolution providing final approval of terms and documents for Spring 2021 installment financing for capital projects and loan refinancings
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RES-2021-032-Resolution providing final approval of terms and documents for Spring 2021 installment financing for capital projects and loan refinancings
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Last modified
5/20/2021 9:05:03 AM
Creation date
5/20/2021 8:53:24 AM
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BOCC
Date
5/18/2021
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-ei
Document Relationships
Agenda - 05-18-2021;12-2 - Information Item - Memorandum - Blackwood Farm Park – Phase II Status Report
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\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
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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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