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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
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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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EXHIBIT B - Definitions ; Rules of Construction <br /> For all purposes of this Supplemental Agreement, unless the context requires <br /> otherwise, the following terms have the following meanings . <br /> " 2024 Bonds " means the County' s Limited Obligation Bonds , Series 2024, <br /> originally issued pursuant to this Supplemental Agreement as (a) $ 9 , 800 , 000 <br /> Limited Obligation Bonds , Series 2024A, and ( b) $ 2 , 080 , 000 Taxable Limited <br /> Obligation Bonds, Series 2024B , The Series A Bonds and the Series B Bonds together <br /> constitute all the 2024 Bonds . <br /> " 2024 Project" means the following : <br /> (a) carrying out the planned acquisitions and improvements <br /> referenced in the Introduction to this Supplemental Agreement and specified <br /> in Exhibit A, <br /> ( b) carrying out any additional public acquisitions and <br /> improvements as the County may designate to the Trustee in a County <br /> Certificate, sub ) ect to the restrictions in Exhibit A; and <br /> ( c) paying Financing Costs related to the 2024 Bonds , <br /> " 2024 Project Costs " means " Project Costs , " as defined in the Prior <br /> Agreement, related to the 2024 Project . <br /> " 2024 Project Fund " means the 2024 Orange County Project Fund established <br /> pursuant to Section 3 . 01 . <br /> " Deed of Trust" means the Prior Deed of Trust as modified by the " Deed of <br /> Trust Supplement # 2 " dated as of June 1 , 2024, also granted by the County for the <br /> Trustee ' s benefit. <br /> " Mortgaged Property" has the meaning assigned to that term in the Deed of <br /> Trust, <br /> " Payment Date " with respect to the 2024 Bonds means each April 1 and <br /> October 1 , beginning October 1 , 2024 . <br /> " Prior Agreement" means the Trust Agreement dated as of June 1 , 2021 , <br /> between the County and The Bank of New York Mellon Trust Company, N . A . , as <br /> 26 <br />
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