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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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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 /> i <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 /> i <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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