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OTHER-2023-033-First Supplemental Trust Agreement
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OTHER-2023-033-First Supplemental Trust Agreement
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Last modified
8/14/2023 2:00:24 PM
Creation date
8/14/2023 1:57:41 PM
Metadata
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Template:
BOCC
Date
5/16/2023
Meeting Type
Business
Document Type
Others
Agenda Item
8-c
Document Relationships
Agenda 05-16-2023; 12-1 - Information Item - May 2, 2023 BOCC Meeting Follow-up Actions List
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 12-2 - Information Item – Blackwood Farm Park - Reopening Event
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 12-3 - Information Item - Financial Report - Third Quarter FY 2022-23 and American Rescue Plan Act (ARPA) Project Update
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 4-a - Proclamation Recognizing the Success and Accomplishments of Orange County High School Robotics Teams
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 4-b - Resolution Honoring Chief Deputy Jamison R. Sykes for 28 Years of Law Enforcement Service and Awarding Him his Badge and Sidearm
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 4-c - Presentation Regarding Uproar Festival of Public Art
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 5-a - Joint Public Hearing with the Historic Preservation Commission Regarding the Proposed Designation of Three Properties as Orange County Local Landmarks
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 6-a - 2022 Longtime Homeowner Assistance (LHA) Program Evaluation
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 6-b - Approval of a Professional Services Contract with Clarion Associates to Develop a Comprehensive Land Use Plan, and Approval of Budget Amendment #9-A
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-a - Minutes
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-b - EMS Week Proclamation
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
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
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-d - Fiscal Year 2022-23 Budget Amendment #9
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-e - Schools Adequate Public Facilities Ordinance – Approval and Certification of 2023 Report
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-f - Amendments to the Orange County Arts Commission Advisory Board Policies and Procedures
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-g - Resolution in Support of Safe and Legal Reproductive Healthcare
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda 05-16-2023; 8-h - Boards and Commissions - Appointments
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
Agenda for May 16, 2023 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2023\Agenda - 05-16-2023 Business Meeting
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as described in the Trust Agreement to secure payment of the Bond , Neither the <br /> County' s faith and credit nor its taxing power is pledged to the payment of any <br /> amounts due under the Bond . As provided for under that Section 160A � 20 , no <br /> deficiency judgment may be rendered against the County in any action for breach of <br /> a contractual obligation under the Bond or the Trust Agreement , <br /> To further secure its obligations under the Trust Agreement, the County has <br /> granted, for the benefit of the Trustee on behalf of the owners of the Bonds , a <br /> security interest in certain public facilities and the related real property, and certain <br /> other property, pursuant to the Trust Agreement and a Deed of Trust and Security <br /> Agreement dated as of June 1 , 2021 , as supplemented by a Deed of Trust <br /> Supplement # 1 dated as of June 13 , 2023 , delivered by the County for the Trustee ' s <br /> benefit (as supplemented , the " Deed of Trust" ) , <br /> While any default by the County under this Bond , the Deed of Trust or the <br /> Trust Agreement is continuing, this Bond will bear interest (but only during the <br /> pendency of the default) at a " Default Rate " equal to an annual interest rate equal to <br /> the lesser of (a) then - current annual interest rate on this Bond plus 4 . 00 % (400 <br /> basis points ) and (b) the maximum lawful rate . <br /> The security provided to owners of the Bond under the Deed of Trust and <br /> otherwise is on parity with the security provided to owners of prior bonds issued <br /> under the Trust Agreement . Additional Bonds secured by a parity interest in the <br /> property securing the Bond may be issued under the terms and conditions set forth <br /> in the Trust Agreement. <br /> Reference is made to the Trust Agreement and the Deed of Trust referenced <br /> above for the provisions, among others , with respect to the nature and extent of the <br /> security, the rights, duties and obligations of the County and the Trustee, the rights <br /> of the Owners of the Bond and the terms upon which the Bond is executed, delivered <br /> and secured, to all of which provisions the owner of this Bond, by the acceptance of <br /> this Bond, agrees , <br /> Prepayment provisions for 2D23A Bond - � <br /> The County may prepay the principal of the 2023A Bond in whole or in part at <br /> any time, at the County' s option , upon payment of (1) the principal amount to be <br /> prepaid, (ii) plus interest accrued to the prepayment date, phis (iii) a prepayment <br /> 28 <br />
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