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OTHER-2024-033-Bond Purchase Agreement
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OTHER-2024-033-Bond Purchase Agreement
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Last modified
10/24/2024 10:57:21 AM
Creation date
10/24/2024 10:42:36 AM
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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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(iv) An opinion of McGuireWoods LLP , as counsel to the Underwriters , dated <br /> the Closing Date and addressed to the Underwriters in form and substance satisfactory to the <br /> Underwriters ; <br /> (v) A certificate, dated the Closing Date, of the duly authorized <br /> representative (s) or officer(s) of the County and in form and substance satisfactory to the <br /> Underwriters , to the effect that (A) the representations and agreements of the County herein are <br /> true and correct in all material respects as of the date of Closing ; (B) there are not pending or, to <br /> such officials ' knowledge, threatened legal proceedings that will materially adversely affect the <br /> transactions contemplated hereby or by the Trust Agreement, or the validity or enforceability of <br /> the Bonds, or the security therefor; (C) the financial information relating to the County provided to <br /> the Underwriters presents fairly the financial position of the County as of the date indicated therein <br /> and the results of its operations for the period specified therein and the financial statements from <br /> which such information was derived have been prepared in accordance with applicable law with <br /> respect to the period involved; (D) since June 30 , 2023 , there has not been any material adverse <br /> change in the financial condition of the County taken as a whole or no increase in the County ' s <br /> indebtedness for borrowed money, other than as disclosed in the Official Statement or otherwise <br /> disclosed in writing to the Underwriters ; (E) the information contained in the Official Statement as <br /> of the Closing Date is true and correct in all material respects and did not and does not contain any <br /> untrue or misleading statement of a material fact or omit to state any material fact necessary to <br /> make the statements therein, in the light of the circumstances under which they were made, not <br /> misleading; and (F) the County has complied with all agreements and satisfied all the conditions <br /> on its part required to be performed or satisfied at or prior to the Closing, other than those specified <br /> hereunder that have been waived by the Underwriters ; <br /> (vi) A photocopy of the Official Statement, <br /> (vii) One counterpart original of a transcript of all proceedings taken by the <br /> County relating to the authorization and issuance of the Bonds ; <br /> (viii) Specimen Bonds ; <br /> (ix) A certificate , dated the date of the Closing, of a duly authorized <br /> representative (s) or officer(s) of the County, with a copy of the Approving Resolution attached, to <br /> the effect that the Approving Resolution has been duly adopted and remains in full force and effect; <br /> (x) A certificate , dated on or before the closing date, evidencing the property <br /> insurance required by the Trust Agreement; <br /> (xi) A pro forma title insurance policy or other evidence of title insurance <br /> satisfactory to the Underwriters issued by Investors Title Insurance Company, relating to the Deed <br /> of Trust and naming the Trustee as a beneficiary; <br /> (xii) Federal tax form 8038 - G prepared with respect to the 2024A Bonds and <br /> ready for filing; <br /> (xiii) A tax certificate of the County in form and content reasonably satisfactory <br /> to the Underwriters ; <br /> (xiv) Evidence that Moody ' s , S &P and Fitch have issued ratings for the Bonds <br /> of not less than "Aal , " "AA+" and "AA+", respectively; and <br /> - 10 - <br />
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