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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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The Bonds are issued by means of a book entry system , with one certificate <br /> for each maturity immobilized at The Depository Trust Company, New York, New <br /> York ( " DTC " ) , and not available for distribution to the public , Transfer of beneficial <br /> ownership interests in the Bonds in the principal amount of $ 5 , 000 or any integral <br /> multiple thereof will be effected on the records of DTC and its participants pursuant <br /> to rules and procedures established by DTC and its participants . Principal and <br /> interest on the Bonds are payable to DTC or its nominee as registered owner of the <br /> Bonds . Neither the Trustee nor the County is responsible or liable for the transfer of <br /> ownership or payments or for maintaining, supervising or reviewing the records <br /> maintained by DTC , its participants or persons acting through such participants . <br /> ; <br /> I <br /> If (a) DTC determines not to continue to act as securities depository for the <br /> Bonds or (b ) the County so elects , the County and the Trustee will discontinue the <br /> book- entry system with DTC . If the County does not identify another qualified <br /> securities depository to replace DTC , the County will prepare and execute , and the <br /> Trustee will authenticate and deliver in exchange, replacement Bonds in the form of <br /> fully registered Bonds . <br /> The Bonds may not be redeemed prior to maturity except as provided in this <br /> Bond and in the Trust Agreement . <br /> The Bonds maturing on or October 1 , 2035 , are subject to redemption at the <br /> County' s option in whole or in part on any date on or after October 1 , 2034, upon <br /> payment of the principal amount to be prepaid plus interest accrued to the <br /> redemption date , without premium . If less than all the Bonds are to be redeemed <br /> is provision, they will be redeemed among maturities in any manner <br /> pursuant to th <br /> the County chooses , <br /> The Trustee , from amounts received from or on behalf of the County, will <br /> redeem Bonds maturing on October 1 , 2041 on October 1 in years and amounts <br /> upon payment of 100 % of the principal amount thereof plus interest accrued to the <br /> redemption date , as follows . <br /> Year Amount 01 <br /> 2040 365 , 000 <br /> 2041 * 360 , 000 <br /> 30 <br />
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