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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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( e) The County shall pay or cause to be paid , when due, the principal of <br /> (whether at maturity, by acceleration, by mandatory redemption as provided in <br /> Section 2 . 05 or otherwise) , and interest on the 2024 Bonds at the places, on the <br /> dates , and in the manner provided in this Supplemental Agreement, in the 2024 <br /> Bonds , and in the documentation securing the 2024 Bonds , all according to their <br /> true intent and meaning, subject to the provisions described n Section 1 . 07 . <br /> Section 1 . 05 . Redemption Dates and Prices . The 2024 Bonds are subject <br /> to redemption as described in Section 2 , 01 . <br /> Section 1 . 06 . Delivery of 2024 Bonds . The Trustee will authenticate and <br /> deliver the 2024 Bonds when it has received the following items : <br /> (a) Certified copies of County Board resolutions (1) approving the terms <br /> and conditions under which the 2024 Bonds are to be executed and delivered and <br /> (ii) authorizing the execution, delivery and issuance of the 2024 Bonds , this <br /> Supplemental Agreement, and Deed of Trust Supplement # 2 ( as identified in Exhibit <br /> B ) <br /> ( b ) Evidence that the LGC has approved the issuance of the 2024 Bonds <br /> ( c) An executed copy of this Supplemental Agreement and a certified copy <br /> of the 2021 Agreement <br /> ( d) An executed copy of Deed of Trust Supplement # 2 , which extends the <br /> benefit of the security provided to the Trustee under the Prior Deed of Trust to <br /> secure the County' s performance of its obligations under this Supplemental <br /> Agreement and 2024 Bonds , as contemplated by Section 1 . 06 ( iv) of the Prior <br /> Agreement <br /> ( e ) An Opinion of Bond Counsel to the effect that the execution and <br /> delivery of the 2024 Bonds as Additional Bonds is permitted under the terms of the <br /> Prior Agreement and has been duly authorized <br /> (f) A County Certificate directing the Trustee to authenticate and then <br /> deliver the 2024 Bonds to the person or persons named therein upon payment to <br /> the Trustee of a specified sum <br /> 6 <br />
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