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OTHER-2021-022 Trust Agreement
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OTHER-2021-022 Trust Agreement
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Last modified
8/27/2021 3:01:03 PM
Creation date
8/27/2021 2:57:43 PM
Metadata
Fields
Template:
BOCC
Date
5/18/2021
Meeting Type
Business
Document Type
Others
Agenda Item
8-e
Document Relationships
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
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
Agenda for May 18, 2021 Board Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-18-2021 Virtual Business Meeting
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(d) A County Certificate directing the Trustee to authenticate and then <br /> deliver the 2021 Bonds to the person or persons named therein upon payment to <br /> the Trustee of a specified sum, and directing the Trustee as to the application of the <br /> Amount Advanced <br /> (e) An Opinion of Bond Counsel to the effect that the issuance of the 2021 <br /> Bonds has been duly authorized by all necessary authorities <br /> (f) Evidence that the LGC has approved the issuance of the 2021 Bonds <br /> Section 1.06. Additional Bonds. The County may provide for <br /> Additional Bonds to be issued under this Agreement to provide funds (a) to expand <br /> or improve the Pledged Facilities, (b) to construct further improvements to the <br /> Pledged Sites, (c) to refund any Outstanding Bonds, (d) to pay financing costs or <br /> establish reserves in connection with the issuance of Additional Bonds, (e) for any <br /> other purpose that may be allowed by law from time to time, including the <br /> acquisition and construction of additional public facilities, whether or not any such <br /> facility is related to the Pledged Facilities or the Pledged Sites, or (f) for any <br /> combination of these purposes. <br /> The Trustee will authenticate and deliver Additional Bonds when the County <br /> has filed with or delivered to it all the following items: <br /> (i) Certified copies of County Board resolutions approving the terms and <br /> conditions under which the Additional Bonds are to be issued and authorizing the <br /> execution of amendments or supplements to the Deed of Trust (if necessary) and <br /> this Agreement providing for the issuance of the Additional Bonds <br /> (ii) Evidence that the LGC has approved the issuance of the Bonds and the <br /> related transactions (if that approval is then required by law) <br /> (iii) An executed copy of an amendment or supplement to this Agreement <br /> providing for the issuance of the Additional Bonds, which must set forth the <br /> payment and redemption terms of the Additional Bonds, together with other <br /> appropriate terms <br /> (iv) An executed copy of an appropriate amendment or supplement to the <br /> Deed of Trust, if necessary to extend the security of the Deed of Trust to the <br /> 5 <br />
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