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OTHER-2024-031-Trust Agreement
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OTHER-2024-031-Trust Agreement
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Last modified
10/24/2024 10:55:47 AM
Creation date
10/24/2024 10:42:03 AM
Metadata
Fields
Template:
BOCC
Date
5/21/2024
Meeting Type
Business
Document Type
Others
Agenda Item
6-B
Document Relationships
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
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
Agenda for May 21, 2024 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
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Year qAmount C$ 1 <br /> 2036 140 , 000 <br /> 2037 * 140 , 000 <br /> * Final maturity <br /> In addition , the Trustee, from amounts received from or on behalf of the <br /> County, will redeem Series B Bonds maturing on October 1 , 2039 on October 1 in <br /> 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 /> 2038 140 , 000 <br /> 2039 * 140 , 000 <br /> * Final maturity <br /> The Trustee shall take all appropriate action to withdraw funds from the Principal <br /> Account and make timely payment to the Owners of the Term Bonds subject to <br /> sinking fund redemption . <br /> ( c) Notwithstanding the foregoing, on or before the 70th day next <br /> preceding any sinking fund payment date , the County may do either of the following : <br /> (1) deliver to the Trustee for cancellation Term Bonds required to be <br /> redeemed on that sinking fund payment date in any aggregate principal amount <br /> desired , or <br /> (ii ) instruct the Trustee to apply a credit against the County ' s sinking fund <br /> payment obligation for any Term Bonds that previously have been redeemed ( other <br /> than through the operation of the sinking fund requirements ) and canceled by the <br /> 12 <br />
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