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AG 2013 03 18
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AG 2013 03 18
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Last modified
3/19/2013 2:42:52 PM
Creation date
11/27/2017 10:56:15 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/18/2013
Board
Board of Commissioners
Meeting Type
Regular
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shall keep at the office of the Finance Director, currently at Cabarrus County Governmental <br />Center, Church Street, SE, Concord, North Carolina 28026, the books of the County for the <br />registration, registration of transfer, exchange and payment of the Bonds. <br />Section 9. The actions of the County Manager and the Finance Director of the County in <br />applying to the Local Government Commission of North Carolina for a private sale of the Bonds <br />are hereby approved, ratified and confirmed. The Local Government Commission of North <br />Carolina is hereby requested to print and distribute a Preliminary Official Statement and an <br />Official Statement, including any supplement thereto, relating to the sale of the Bonds. The <br />Preliminary Official Statement, proposed to be dated on or about April 10, 2013, substantially in <br />the form presented at this meeting, and an Official Statement, proposed to be dated on or about <br />April 25, 2013, in substantially the form of the Preliminary Official Statement presented at this <br />meeting, with such changes as are necessary to reflect the maturities, redemption provisions, if <br />any, interest rates and other pricing data of the Bonds is hereby approved and the Chairman or <br />Vice - Chairman of the Board, the County Manager and the Finance Director, respectively, of the <br />County are each hereby authorized to approve changes in such Preliminary Official Statement or <br />Official Statement, to approve any supplement to such Preliminary Official Statement or Official <br />Statement and to execute such Official Statement and any supplement to such Official Statement <br />for and on behalf of the County. <br />Section 10. The Chairman or Vice - Chairman of the Board, the County Manager and the <br />Finance Director, respectively, of the County are each hereby authorized, in the event they <br />determine, in their discretion, such action to be appropriate and in the best interests of the County <br />in connection with the issuance of the Bonds, to engage a qualified bank or trust company to <br />serve as escrow agent in connection with the refunding of the Bonds To Be Refunded as <br />described in this resolution, and to negotiate, execute and deliver, on behalf of the County, with <br />the advice of bond counsel to the County, an Escrow Deposit Agreement to accomplish the <br />refunding of the Bonds To Be Refunded and to perform the obligations of the County under said <br />Escrow Deposit Agreement. The Chairman or Vice - Chairman of the Board, the County <br />Manager and the Finance Director, respectively, of the County are each hereby further <br />authorized, in the event they determine, in their discretion, such action to be appropriate and in <br />20 <br />Attachment number 2 <br />G -1 Page 207 <br />
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