HomeMy WebLinkAboutC.054.93009_1659of the First Supplemental Trust Agreement.
Section 6. The Series 1997 Bonds, together with any additional Bonds hereafter issued
pursuant to the provisions of the Trust Agreement, shall be secured on a parity basis by a pledge,
subject to Permitted Liens, of all Net revenues and the County's right to receive the same, all of the
County's right, title and interest in the Pledged Assets, including its rights will, respect to the
security interest in the Corporation's Pledged Assets granted by the Corporation to the County
pursuant tothe lease, and all money and securities held by or on behalfof the Trustee in all funds,
accounts or subaccounts established pursuant to the Trust Agreement, except those funds, accounts
and subaccounts that are expressly pledged in a Supplemental Agreement as security only for a
specified Series of Bonds.
Section 7. The proposal set forth in the Bond Purchase Agreement submitted by the
Underwriters offering to purchase the Series 1997 Bonds at the aggregate purchase price and bearing
interest at the rates determined by the Commission and approved by the County and the Corporation
as hereinafter provided, provided that the underwriting discount shall not exceed 1.025% of the
aggregate principal amount of the Series 1997 Bonds, and the true interest cost of the Series 1997
Bonds shall not exceed 6.25% per annum, is hereby approved. The LGC is hereby directed to sell
and award the Series 1997 Bonds to the Underwriters on behalfof the County, subject to the approval
of the County and the Corporation, in accordance with the terms and provisions set forth in the Bond
Purchase Agreement. The Director of Finance and Administrative Services of the County is hereby
designated to approve on behalf of the County the sale of the Series 1997 Bonds to the Underwriters
at such interest rates, for such purchase price and upon such terms and conditions as the Director of
Finance and Administrative Services of the County shall determine, subject to the provisions of this
Section. The County Manager and the Director of Finance and Administrative Services of the
County are each hereby authorized and directed in the name and on behalfof the County to execute
and deliver the Bond Purchase Agreement in substantially the form presented, together with such
changes, additions and deletions as the County Manager or the Director of Finance and
Administrative Services of the County, with the advice of counsel may deem necessary and
appropriate; such execution and delivery shall be conclusive evidence of the approval and
authorization in all respects of the form and content thereof.
Section 8. The forms, terns and provisions of the Trust Agreement, the First Supplemental
Trust Agreement and the Lease, are hereby approved, and the Chairman, the Vice Chairman, the
County Manager or the Director of Finance and Administrative Services of the county, and the Clerk
to the Board of Commissioners for the County, are hereby authorized and directed to execute the
Trust Agreement, the First Supplemental Trust Agreement and the Lease in substantially the forms
presented, together with such insertions, modifications and deletions as the Chairman, the Vice
Chairman, the County Manager or the Director of Finance and Administrative Services of the
County, and the Clerk to the Board of Commissioners for the County, with the advice of counsel,
may deem necessary and appropriate, including, without limitation, insertions, modifications and
deletions necessary to incorporate the final terns of the Series 1997 Bonds as set forth in the Bond
Purchase Agreement and to incorporate any terms and provisions required by the commitment, such
execution and delivery to be conclusive evidence of the approval and authorization in all respects
of the form and content thereof.
Section 9. The Preliminary Official Statement is hereby approved. The County hereby
authorizes the use and distribution of the Preliminary Official Statement in substantially the form
presented, together with such changes, modifications and deletions as the Chairman, the Vice
Chairman, the County Manager or the Director of Finance and Administrative Services of the
County, with advice of counsel, may deem necessary and appropriate. The County authorizes and
consents to the preparation and distribution of a final Official Statement, in substantially the forth
of the Preliminary Official Statement, together with such changes as are necessary to reflect the final
terms of the Series 1997 Bonds. The Chairman, the Vice Chairman, the County Manager or the
Director of Finance and Administrative Services for the County are hereby authorized and directed
to execute and deliver the final official Statement, in substantially the form of the Preliminary
Official Statement, together with such changes, specifications, and deletions as the Chairman, the
Vice Chairman, the County Manager or the Director of Finance and Administrative Services of the
County, with the advice of counsel, may deem necessary and appropriate; such execution and