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Agenda 05-03-22; 8-k - Series 2022 General Obligation Bond Sale in the Amount of $14,540,000
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Agenda 05-03-22; 8-k - Series 2022 General Obligation Bond Sale in the Amount of $14,540,000
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4/28/2022 3:35:10 PM
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5/3/2022
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Business
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Agenda
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8-k
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Agenda for May 3, 2022 BOCC Meeting
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6 <br /> take all proper steps to complete the issuance of the Bonds, in cooperation with the <br /> purchaser and in accordance with this resolution. <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 /> conflict with this resolution nor substantially alter the intent of the document from <br /> that expressed in the form originally executed. The Finance Officer's authorization of <br /> the release of any such document for delivery will constitute conclusive evidence of <br /> that officer's approval of any such 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 and the financed projects. This <br /> authorization includes, without limitation, contracting with third parties for reports <br /> and calculations that may be required under the Bonds, this resolution, or otherwise <br /> with respect to the financing and the financed projects, and making appropriate <br /> payments prior to the loan closing for costs related to the financing and the financed <br /> projects. <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 />
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