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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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5/16/2024 2:55:30 PM
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BOCC
Date
5/21/2024
Meeting Type
Business
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Agenda
Agenda Item
6-b
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Agenda for May 21, 2024 BOCC Meeting
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38 <br /> redeemed, (vii) the applicable redemption price, (viii) the address of the place or <br /> places of payment, (ix) the Trustee's name and telephone number, and the name of a <br /> contact person, (x) that interest accrued to the date fixed for redemption will be <br /> paid as specified in the notice, and (xi) that on and after the established redemption <br /> date interest on Series A Bonds which have been redeemed will cease to accrue. The <br /> Trustee must also include in any redemption notice any additional information <br /> provided by the County for use in the notice. <br /> Section 2.04. Series A Bonds Payable on Redemption Date; Interest <br /> Ceases To Accrue. If on or before the date fixed for redemption funds are <br /> deposited with the Trustee to pay the principal of and interest accrued to the <br /> redemption date on Series A Bonds called for redemption, the Series A Bonds (or <br /> portions of Series A Bonds) called for redemption cease to accrue interest from and <br /> after the redemption date. Thereafter, those Series A Bonds (a) are no longer <br /> entitled to the benefits provided by this Agreement and (b) are not deemed to be <br /> Outstanding under this Agreement. <br /> Section 2.05. Mandatory Sinking Fund Redemption of Series A Bonds. <br /> (a) The Trustee, from amounts received from or on behalf of the County, will <br /> redeem Series A Bonds maturing on October 1, on October 1 in years and <br /> amounts upon payment of 100% of the principal amount thereof plus interest <br /> accrued to the redemption date, as follows: <br /> Year Amount f$1 <br /> To come <br /> *Final maturity <br /> (b) In addition, the Trustee, from amounts received from or on behalf of <br /> the County, will redeem Series A Bonds maturing on October 1, on October <br /> 1 in years and amounts upon payment of 100% of the principal amount thereof plus <br /> interest accrued to the redemption date, as follows: <br /> Year Amount ($1 <br /> To come <br /> 9 <br />
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