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RES-2022-024-Resolution for the Sale of School Bonds
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RES-2022-024-Resolution for the Sale of School Bonds
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Last modified
9/28/2022 9:53:18 AM
Creation date
9/28/2022 9:52:14 AM
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BOCC
Date
5/3/2022
Meeting Type
Business
Document Type
Resolution
Agenda Item
8-k
Document Relationships
Agenda 05-03-22; 8-k - Series 2022 General Obligation Bond Sale in the Amount of $14,540,000
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-03-2022 Business Meeting
Agenda for May 3, 2022 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-03-2022 Business Meeting
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Finance Officer may determine after consultation with the LGC , except that the final <br /> maturity for the Bonds must not extend beyond December 31 , 2043 . Annual principal <br /> payments may take the form of Bonds that are subject to mandatory annual sinking <br /> fund redemption . <br /> 4 . Approval of Official Statement for Offering - There has been made <br /> available to each member of the Board a draft of an official statement (the " Official <br /> Statement" ) relating to the Bonds , which is designed to provide appropriate <br /> information about the County and the financing to prospective investors in the Bonds . <br /> The draft Official Statement remains subject to completion and amendment. <br /> The Board approves the LGC ` s distribution of the Official Statement to <br /> prospective purchasers of the Bonds . The Official Statement as distributed must be in <br /> substantially the form presented to this meeting, which the Board approves , with <br /> changes as the Finance Officer may approve . The Board ratifies the prior actions of <br /> the Finance Officer and other County representatives , in collaboration with the LGC <br /> staff, in preparing the text of the Official Statement. <br /> The Board acknowledges that it is the County' s responsibility, and ultimately <br /> the Board ' s responsibility, to ensure that the Official Statement in its final form <br /> neither contains an untrue statement of a material fact nor omits to state a material <br /> fact required to be included therein for the purpose for which the Official Statement <br /> is to be used or necessary to make the statements therein, in light of the <br /> . circumstances under which they were made , not misleading . In adopting this <br /> resolution, the Board members acknowledge and accept their own responsibility for <br /> causing the County to fulfill these responsibilities for the Official Statement. <br /> The County deems the Official Statement as distributed by the LGC to be a " final <br /> official statement" within the meaning of Rule 15c2 - 12 of the Securities Exchange Act <br /> of 1934, as amended ( " Rule 15c2 - 12 ") , except for the omission of certain final Bond <br /> pricing and other information that Rule 15c242 allows to be omitted . <br /> 5 . Prepayment Provisions - The Board directs the Finance Officer, upon <br /> advice from the LGC , to determine the terms and conditions under which the Bonds <br /> will be subject to prepayment prior to maturity. The Finance Officer shall execute a <br />
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