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Agenda 05-03-22; 8-j - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-03-22; 8-j - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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4/28/2022 3:34:56 PM
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BOCC
Date
5/3/2022
Meeting Type
Business
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Agenda
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8-j
Document Relationships
Agenda for May 3, 2022 BOCC Meeting
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Path:
\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-03-2022 Business Meeting
Minutes 05-03-2022 Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2022
OTHER-2022-023-Deed of Trust Supplement
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Path:
\Board of County Commissioners\Various Documents\2020 - 2029\2022
RES-2022-023-Resolution Providing Final Approval of Terms and Documents for Spring 2022 Installment Financing
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Path:
\Board of County Commissioners\Resolutions\2020-2029\2022
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30 <br /> As appropriate, each affected Bondholder shall promptly prepare a substitute <br /> Exhibit D reflecting the new interest rate and resulting payment schedule, and <br /> deliver a copy of the new schedule to the County, the Trustee and to the LGC. The <br /> Trustee has no responsibility to calculate any such additional interest, penalties or <br /> charges, or to confirm that any have been paid, with those matters lying only <br /> between the County and the affected Bondholders. <br /> Section 1.06. Default Rate. While any default by the County under the 2022 <br /> Bonds, the Deed of Trust or the Trust Agreement is continuing, the 2022 Bonds will <br /> bear interest (but only during the pendency of the default) at the Default Rate. If a <br /> default only applies to the 2022A or the 2022B Bond, then only the affected 2022 <br /> Bond will be subject to interest at this default rate. As appropriate, each affected <br /> Bondholder shall promptly prepare a substitute Exhibit D reflecting the new <br /> interest rate and resulting payment schedule, and deliver a copy of the new <br /> schedule to the County, the Trustee and to the LGC. The Trustee has no <br /> responsibility to calculate any such additional interest, penalties or charges, or to <br /> confirm that any have been paid, with those matters lying only between the County <br /> and the affected Bondholders. <br /> Section 1.07. Redemption Dates and Prices. The 2022 Bonds are subject <br /> to redemption as described in Section 2.01. <br /> Section 1.08. Delivery of 2022 Bonds. The Trustee will authenticate and <br /> deliver the 2022 Bonds when it has received the following items: <br /> a) Certified copies of County Board resolutions (i) approving the <br /> terms and conditions under which the 2022 Bonds are to be executed and <br /> delivered and (ii) authorizing the execution, delivery and issuance of the 2022 <br /> Bonds, this Supplemental Agreement, and Deed of Trust Supplement #4 (as <br /> described in Exhibit B) <br /> b) Evidence satisfactory to the Trustee that the LGC has approved <br /> the issuance of the 2022 Bonds <br /> C) An executed copy of this Supplemental Agreement <br /> 5 <br />
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