HomeMy WebLinkAboutC.054.93010_0184maturity of the Series 2000 bonds shall not extend bevond June 1, 2020 and the true interest cost of
the Series 2000 Bonds shall not exceed 65211, per ammnr.
The Series 2000 Bonds shall be issued nr fully registered fora irr denominations of S->, t)pt)
or ar>n whole multiple thereof Interest ort the Series 2000 Bonds'shall be pa",able t i Decendicr 1.
2000, and thereafter semiannually ort each Jtohe I and December I until the Series 2000 Bands are
Jia!!v paid. Paynnerrls of Principal of and interest on the Series 2000 Bonds
Trustee to the registered owners shall he made by rhe
ofthe Series 2000 Bonds in the manner set forth in die Trust
Agreement and the Firrt Supplemental Trust Agreement.
Section 3. The Series 2000 et jo shnll be subject to redemption at the n times, upothe to tars
and conditions, and at the paces set forth in the Trust Agreement; provided, however, that no
redemption premium shell exceed 2%,.
Section 4. The proceeds ofthe Series 2000 Bonds (including accrued interest) shall fie
applied as provided in Section 2.04 ofthe First S'upplenrenta! Trust Agreeaen,
Section 5. The forms, terms and provisions ofthe Installment Financing Agreement, Me
Trust Agreement, the First Supplemental Trust Agreement, the Deed of Trust, the Decd ot,
Assignment, the Agency Agreements and the Purchase Contract are herehv approved in all respects,
and the Chairman or Vlee Chairmmr ofthe Board of Convnissiorers• the County Mcrncrger. he
Director ofFinance and Administrative Services, the Clerk to the Board ofCommissiowrs and the
Financing
,4ttonrey are hereby authorized and directed to execute and deliver the installment
vubsta ing Agreement, the Deed of Trust, the Agency Agreements and the Purchase Contract, irr
rrrhstarntiall), the fiorms presented to this meeting, together wadi an changes, modifications ane/
deletions as they, with the advice ofcounsel, may deem necessary d
not limited to, changes, modifications and deletions nd apaP
Series 2000 Bonds as shall beset forth in the Ptrrcnecessnrs' to inarrpropriate, including, butrte thefnal terms of bre
hase Contract; such execution and dcic>t, s
be conclusive evidence ofthe approval and authorization thereofha theC'onnthall
Section 6. The County hereby approves the award of the Series 2000 Bonds to the
Underwriterspursuanttothe PurchaseCoaract, provided, however, that theundcrwraers'dlscoumt
shall not exceed .85°0 ofthe principal amount ofthe Series 2000 bonds.
Section 7. The County herebv authorizes the use and distribution ofthe Prelinrinara Oficial
Statement in correction with the public offering of the Series 2000 Bonds, and the Official
Statement, ill substantially thefornn ofthe Preloninary Oficial Statement, with such changes - «re
nece ssari> to reflect the maturities, interest rater, redemption prentums and initial offering prices
Q/ the Series 2000 Bonds, is Inerebv approved, and the ClurnWant or Vice Chairman ofthe Board es
Connrrisstoners, the Comty Manager or the Director of Finance crud Adminisn'ntive Services i.c
her eha uutlnorized to execute, on behalfofthe C'otanty
together with such changes, mod, the Oficial Statement hr srrbsnnrtialla such
counsel, Wray deem necessarifications and deletions as he or she, with the advice of
y or appropriate; such execution shall he conclusive of the approval
cher eofby the County. The Cotnrty hereby also approves and autho izes the distribution and use of
copies ofthe Official Statement, the Installment Financing Agreement, the Trust
First Supplemental Trust Agreement, the Deed of Trust, and the Agreement.
Underwriters in connection with the ,rale ofthe Series 2000 BondsPurclrasr' Contact Agreemebi . the the
Section 8. The Chairman or Vice Chairman of the Board of C'ormmissloners', the Conuur
alanager. the Director ofFinance and Adnrirtistrative Services, the Cotur?v Atorrrey and the Clerk
to the Bocrrd ojCannrr'ssiorters are authorized and directed (witlott limitation except as nrcn be
expressly set forth herein) to take such action and to execute and deliver such documents,
certrf1cates, commitments for bonds insurance, undertakings, agreements and other ur d ocu ms ars
thea, with the advice is cotrnent may deem necessruy or appropriate to effectuate the transactions
couremplatedbythelnstalbnentFinancingAgreement, the TrustAgreement, the First Supplemental
Ti art Agreement, the Deed of Trust, and the Purchase Contract,
Section 9. This resolution shall take effect irnnrediatel)' upon its passage.
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