AG 2016 02 15 - Laserfiche WebLink

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school facilities and expanding, rehabilitating, renovating and equipping existing public school facilities, including but not limited to one new elementary school and two new middle schools and (b) various real and personal property improvements related to the foregoing (collectively, the "Projects "), and under said one or more long -term installment financing contract(s) the County would secure the repayment by the County of the moneys advanced pursuant to such one or more long -term installment financing contract(s) by granting a security interest in and lien on all or some portion of the Projects or all or some portion of the real property upon which the Projects are located; WHEREAS, as part of said plan of financing, the Corporation may also determine to execute and deliver one or more series of Certificates of Participation and /or Limited Obligation Bonds in said one or more long -term installment financing contract(s) in an aggregate principal amount not exceeding $112,000,000 to finance the advancement of moneys to the County pursuant to said one or more long -term installment financing contract(s) between the County and the Corporation or one or more third parties; WHEREAS, there have been submitted to this meeting draft forms of the following documents (the "Financing Documents ") with respect to the financing for the Projects: (1) an Installment Financing Contract, proposed to be dated on or about March 1, 2016 (or such other date(s) as may be selected by the County), between the County and the Corporation (or one or more third parties) as counterparty (the "Contract(s) "), pursuant to which the Corporation (or such one or more third parties) will advance moneys to the County for the costs of the Projects and the County agrees to make periodic installment payments (the "Installment Payments ") to repay the moneys so advanced, with or without interest, as applicable; 2 Attachment number 1 \n G -4 Page 125