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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
Metadata
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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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i <br /> similar public body of the general character of the County is in violation of the Securities Act of <br /> 1933 , as amended, of the Securities Exchange Act of 1934 , as amended, or of the Trust Indenture <br /> Act of 1939 , as amended or with the purpose or effect of otherwise prohibiting the issuance, sale <br /> or delivery of the Bonds , as contemplated hereby, or of obligations of the general character of the <br /> Bonds ; or <br /> (iii) There shall have occurred any outbreak or escalation of hostilities or other <br /> national or international calamity or crisis , the effect of such outbreak, calamity or crisis on the <br /> financial markets of the United States being such as , in the Underwriters ' judgment, would <br /> materially adversely affect the market for, or market price of, the Bonds ; or <br /> (iv) There shall be in force a general suspension of trading on the New York <br /> Stock Exchange or minimum or maximum prices for trading shall have been fixed and be in force , <br /> or maximum ranges for prices for securities shall have been required and be in force on the New <br /> York Stock Exchange whether by virtue of a determination by that Exchange or by order of the <br /> Securities and Exchange Commission or any other governmental authority having jurisdiction; or <br /> (v) A general banking moratorium shall have been declared by federal, State <br /> or New York authorities having jurisdiction, and be in force, or a major financial crisis or a material <br /> disruption in commercial banking or securities settlement or clearances services shall have occurred <br /> such as to make it, in the judgment of the Underwriters , impractical or inadvisable to proceed with <br /> the offering of the Bonds as contemplated in the Official Statement; or <br /> (v1) an event shall occur which makes untrue or incorrect in any material <br /> respect, as of the time of such event, any statement or information contained in the Official <br /> Statement or which is not reflected in the Official Statement but should be reflected therein in order <br /> to make the statements contained therein not misleading in any material respect and requires an <br /> amendment of or supplement to the Official Statement and the effect of which, in the judgment of <br /> the Underwriters , would materially adversely affect the market for the Bonds or the sale , at the <br /> contemplated offering prices (or yields) , by the Underwriters of the Bonds ; or <br /> (vii) any of Fitch Ratings Inc . ("Fitch") , Moody ' s Investors Service , Inc . <br /> ("Moody ' s) or S &P Global Ratings , a business unit of Standard & Poor ' s Financial Services LLC <br /> (" S &P ") shall have taken any action to lower, suspend or withdraw their respective ratings on the <br /> Bonds and such action, in the opinion of the Underwriters , would adversely affect the market price <br /> or marketability of the Bonds . <br /> (d) At the Closing, the Underwriters shall receive the following documents : <br /> (i) Duly executed or certified copies of each of the Trust Agreement and Deed <br /> of Trust; <br /> (ii) The approving opinion of Bond Counsel in the form set forth in Appendix <br /> D of the Official Statement together with a supplemental opinion in form and substance satisfactory <br /> to the Underwriters , and a reliance letter addressed to the Underwriters , each of which shall be <br /> dated the Closing Date , <br /> (iii) The opinion of John L . Roberts , Esq . , County Attorney, dated the Closing <br /> Date and addressed to the Underwriters and Bond Counsel in form and substance satisfactory to <br /> the Underwriters , <br /> - 9 - <br />
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