HomeMy WebLinkAboutC.054.93010_0998Section 3. The forms, ternis and provisions of the First Supplemental Installment
Financing Agreement, the Second Supplemental Trust Agreement, the First Modification to
Deed of Trust, the Standby Agreement, the Remarketing Agreement, the Tender Agreement, the
Escrow Deposit Agreement and the Bond Purchase Agreement are hereby approved in all
respects, and the Chairman or Vice Chairman of the Board of Commissioners, the County
Manager, the Director of Finance and Administration, and the Clerk to the Board of
Commissioners are hereby authorized and directed to execute and deliver the First Supplemental
Installment Financing Agreement, the First Modification to Deed of Trust, the Standby
Agreement, the Remarketing Agreement, the Tender Agreement, the Escrow Deposit Agreement
and the Bond Purchase Agreement, in substantially the forms presented at this meeting, together
with such changes, modifications and deletions as they, with the advice of counsel, may deem
necessary and appropriate, including, but not limited to, changes, modifications and deletions
necessary to incorporate the final terms of the Series 2003 Bonds as shall be set forth in the Bond
Purchase Agreement; such execution and delivery shall be conclusive evidence of the approval
and authorization thereof by the County.
Section 4. The County hereby approves the award of the Series 2003 Bonds to the
Underwriter pursuant to the Bond Purchase Agreement; provided, however, that the
Underwriter's discount shall not exceed 0.4% of the principal amount of the Series 2003 Bonds.
Section 5. The County hereby authorizes the use and distribution of the Official
Statement in connection with the public offering of the Series 2003 Bond, and the Official
Statement, in substantially the form presented at this meeting, is hereby approved, and the
Chairman or Vice Chairman of the Board of Commissioners, the County Manager or the
Director of Finance and Administration is hereby authorized to execute, on behalf ofthe County,
the Official Statement in substantially such form, together with such changes, modifications,
additions and deletions as he or she, with the advice of counsel, may deem necessary or
appropriate; such execution shall be conclusive evidence of the approval thereof by the County.
The County hereby also approves and authorizes the distribution and use of copies of the Official
Statement, the Trust Agreement, the Second Supplemental Trust Agreement, the Original
Installment Financing Agreement, the First Supplemental Installment Financing Agreement, the
First Modification to Deed of Trust, the Standby Agreement, the Remarketing Agreement, the
Tender Agreement, the Escrow Deposit Agreement and the Bond Purchase Agreement by the
Underwriter in connection with the offering and sale of the Series 2003 Bonds.
Section 6. The Chairman or Vice Chairman of the Board of Commissioners, the County
Manager, the Director of Finance and Administration, the County Attorney and the Clerk to the
Board of Commissioners are authorized and directed (witb5ut limitation except as may be
expressly set forth herein) to take such actions and to execute and deliver such documents,
certificates, undertakings, agreements and other instruments as they, with the advice of counsel,
may deem necessary or appropriate to effectuate the transactions contemplated by the Second
Supplemental Trust Agreement, the First Supplemental Installment Financing Agreement, the
First Modification to Deed of Trust, the Standby Agreement, the Remarketing Agreement, the
Tender Agreement, the Escrow Deposit Agreement and the Bond Purchase Agreement and the
Official Statement.
Section 7. This resolution shall take effect immediately upon its passage.
After consideration of the foregoing resolution, Commissioner Williams Wo-v-ethe
passage thereof, and the foregoing resolution was passed by the following vote:
Ayes - 4; Noes - 0.
----------------------------------------------CONSENT AGENDA---------------------------------------
OTtO by Chairman Johnson to approve the following 15 consent agenda items.
VOTING: Ayes - 4; Nays - 0.