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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78 DTC,in whatever manner may be provided for under DTC's standard operating rules as then in effect(and if the Trustee is unable to determine those rules, by registered or certified mail, return receipt requested); (2) with respect to any 2024A Bonds for which no book-entry only system of registration is in effect, to each of the registered owners of those 2024A Bonds at their addresses as shown on the Trustee's registration books,by registered or certified mail; and(3)in any case,both(A)to the Municipal Securities Rulemaking Board for posting on its "EMMA" continuing disclosure system, or any successor system, and (B) to the LGC. Failure to give any notice specified in(1)or(2), as applicable,or any defect in that notice,will not affect the validity of any proceedings for the redemption of any 2024A Bonds with respect to which no failure has occurred. Failure to give any notice specified in(3), or any defect in that notice,will not affect the validity of any proceedings for the redemption of any 2024A Bonds with respect to which the notice specified in (1) or (2) is correctly given. Any notice mailed as provided in the Trust Agreement will conclusively be presumed to have been given regardless of whether received by any Owner. Notwithstanding anything in the Trust Agreement to the contrary,the only remedy for the Trustee's failure to post any notice with the EMMA system will be an action by the holders of the 2024A Bonds, as applicable, in mandamus for specific performance or similar remedy to compel performance. Any redemption notice,except a redemption notice in respect of a sinking fund payment date,may state that the redemption to be effected is conditioned upon (1) the Trustee's receipt on or prior to the redemption date of moneys sufficient to pay the principal of and premium,if any,and interest on the 2024A Bonds to be redeemed; or (2) any other condition not unacceptable to the Trustee. If a notice contains a condition and the Trustee either(i)does not receive moneys sufficient to pay the principal of and premium, if any,and interest on the 2024A Bonds on or prior to the redemption date,or(ii)the stated condition is not fulfilled,in either case on or prior to the redemption date,then redemption will not be made and the Trustee must,within a reasonable time, give notice in a manner in which the redemption notice was given that the moneys were not so received(or condition was not fulfilled)and the redemption was not made. 2024B Bonds. The 2024B Bonds are not subject to redemption prior to maturity. SECURITY AND SOURCES OF PAYMENT OF 2024 BONDS GENERAL The 2024 Bonds are payable from payments to be made by the County pursuant to the Trust Agreement and from certain other moneys, including certain Net Proceeds, if any, and certain amounts realized from any sale or lease of the Mortgaged Property, which payments and other moneys have been pledged to such payment as provided in the Trust Agreement. PAYMENT OF BONDS;LIMITED OBLIGATION;BUDGET AND APPROPRIATIONS The County shall cause to be paid,when due,the principal of(whether at maturity,by acceleration, or otherwise) and the premium, if any, and interest on the Bonds at the places, on the dates and in the manner described in the Trust Agreement. The County is obligated to pay Additional Payments in amounts sufficient to pay the fees and expenses of the Trustee,taxes or other expenses required to be paid pursuant to the Trust Agreement. Additional Payments are to be paid by the County directly to the person or entity to which such Additional Payments are owed. In the Trust Agreement,the County agrees to include in the initial proposal for each of the County's annual budgets for review and consideration by the Board of Commissioners for the County, in any Fiscal 6