Browse
Search
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
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2020's
>
2022
>
Agenda - 05-03-2022 Business Meeting
>
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
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/28/2022 3:34:56 PM
Creation date
4/28/2022 3:39:04 PM
Metadata
Fields
Template:
BOCC
Date
5/3/2022
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-j
Document Relationships
Agenda for May 3, 2022 BOCC Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-03-2022 Business Meeting
Minutes 05-03-2022 Business Meeting
(Message)
Path:
\Board of County Commissioners\Minutes - Approved\2020's\2022
OTHER-2022-023-Deed of Trust Supplement
(Message)
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
(Message)
Path:
\Board of County Commissioners\Resolutions\2020-2029\2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
60
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
31 <br /> d) An executed copy of Deed of Trust Supplement #4, which <br /> extends the benefit of the security provided to the Trustee under the Prior Deed <br /> of Trust to secure the County's performance of its obligations under this <br /> Supplemental Agreement and 2022 Bonds, as contemplated by Section 1.06(iv) <br /> of the 2018 Agreement <br /> e) An Opinion of Bond Counsel to the effect that the execution and <br /> delivery of the 2022 Bonds as Additional Bonds is permitted under the terms of <br /> the Prior Agreement and has been duly authorized <br /> f) A County Certificate directing the Trustee as to the application of <br /> the proceeds from the sale of the 2022 Bonds <br /> g) Evidence of the issuance or proposed issuance of one or more <br /> lender's title insurance policies (or an appropriate endorsement to an existing <br /> policy) in favor of the Trustee, in an aggregate face amount of insurance equal to <br /> the total amount of Outstanding Bonds plus the principal amount of the 2022 <br /> Bonds, and including the instrument referenced in (d) above as an insured <br /> instrument <br /> Section 1.09. Limited Obligation. The 2022 Bonds are limited obligations <br /> of the County, as provided and described in Section 4.05 of the 2018 Agreement. <br /> ARTICLE II <br /> REDEMPTION <br /> Section 2.01. Redemption Dates and Prices. (a) Principal of the 2022 <br /> Bonds is subject to redemption and prepayment prior to the scheduled Payment <br /> Dates only under the terms of this Article. <br /> (b) Principal of the 2022A Bond is not subject to prepayment prior to the <br /> scheduled Payment Dates. <br /> (c) (i) The County may prepay the principal of the 2022B Bond, in whole <br /> or in part, at the County's option, on any date, upon payment of the principal <br /> amount to be prepaid plus interest accrued to the prepayment date. <br /> 6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.