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Agenda 05-16-2023; 8-c - Adoption of the Final Resolution Authorizing 2023 Installment Financing for Various Capital Investment Plan Projects for Up to $14,500,000
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Agenda 05-16-2023; 8-c - Adoption of the Final Resolution Authorizing 2023 Installment Financing for Various Capital Investment Plan Projects for Up to $14,500,000
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5/11/2023 4:01:35 PM
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BOCC
Date
5/16/2023
Meeting Type
Business
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Agenda
Agenda Item
8-c
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24 <br /> Supplemental Agreement, and Deed of Trust Supplement #1 (as described in Exhibit <br /> B) <br /> (b) Evidence satisfactory to the Trustee that the LGC has approved the <br /> issuance of the 2023 Bonds <br /> (c) An executed copy of this Supplemental Agreement <br /> (d) An executed copy of Deed of Trust Supplement #1, which extends the <br /> benefit of the security provided to the Trustee under the Prior Deed of Trust to <br /> secure the County's performance of its obligations under this Supplemental <br /> Agreement and 2023 Bonds, as contemplated by Section 1.06(iv) of the Prior <br /> Agreement <br /> (e) An Opinion of Bond Counsel to the effect that the execution and <br /> delivery of the 2023 Bonds as Additional Bonds is permitted under the terms of the <br /> Prior Agreement and has been duly authorized <br /> (f) A County Certificate directing the Trustee to authenticate and then <br /> deliver the 2023 Bonds to the person or persons named therein upon payment to <br /> the Trustee of a specified sum <br /> (g) A County Certificate directing the Trustee as to the application of the <br /> proceeds from the sale of the 2023 Bonds <br /> (h) Evidence of the issuance or proposed issuance of one or more lender's <br /> title insurance policies (or an appropriate endorsement to an existing policy) in <br /> favor of the Trustee, in an aggregate face amount of insurance equal to the total <br /> amount of Outstanding Bonds plus the principal amount of the 2023 Bonds, and <br /> including the instrument referenced in (d) above as an insured instrument <br /> Section 1.09. Limited Obligation. The 2023 Bonds are limited obligations <br /> of the County, as provided and described in Section 4.05 of the Prior Agreement. <br /> 6 <br />
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