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AG 2015 02 16
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AG 2015 02 16
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Last modified
2/18/2015 3:52:02 PM
Creation date
11/27/2017 10:37:01 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/16/2015
Board
Board of Commissioners
Meeting Type
Regular
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Section 11. Each of the Chairman of the Board of Commissioners, the County Manager <br />and the Director of Finance are authorized to approve all details of the refinancing of all or a <br />portion of the Original 2008C Contract and the related portion of the Refinanced Projects, <br />including, without limitation, the amount advanced under the 2008C First Contract Amendment <br />and the aggregate principal amount of the 2015C Limited Obligation Refunding Bonds and /or <br />Certificates (which, when combined with the aggregate principal amount of the 2015A Limited <br />Obligation Refunding Bonds and /or Certificates, the 2015B Limited Obligation Refunding <br />Bonds and /or Certificates and the 2015D Limited Obligation Refunding Bonds and /or <br />Certificates, shall not exceed $211,615,000), the maturities, the principal amounts and the <br />interest amounts of the 2008C Installment Payments and the 2015C Limited Obligation <br />Refunding Bonds and /or Certificates, which interest amounts (calculated with respect to the <br />2015C Limited Obligation Refunding Bonds and /or Certificates) shall not exceed 6.0% per <br />annum on an effective interest cost basis, the prepayment terms and prices (which shall not <br />exceed 103% of the principal amount being prepaid) and the Underwriters' discount (exclusive <br />of any original issue discount) or Placement Agents' compensation (which shall not exceed 2.0% <br />of the principal amount of the 2015C Limited Obligation Refunding Bonds and /or Certificates). <br />Execution of the 2008C First Contract Amendment by the Chairman of the Board of <br />Commissioners or the County Manager shall conclusively evidence such approval of all such <br />details of said refinancing. <br />Section 12. Each of the Chairman of the Board of Commissioners, the County Manager <br />and the Director of Finance are authorized to approve all details of the refinancing of all or a <br />portion of the Original 2009 Contract and the related portion of the Refinanced Projects, <br />including, without limitation, the amount advanced under the 2009 First Contract Amendment <br />4 <br />F -6 <br />Attachment number 1 <br />Page 75 <br />
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