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AG 2010 09 20
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AG 2010 09 20
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Last modified
11/15/2011 8:25:30 AM
Creation date
11/27/2017 11:23:20 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
9/20/2010
Board
Board of Commissioners
Meeting Type
Regular
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installment financing contracts previously executed and delivered by the County, which prior <br />installment financing contracts paid all or a portion of the costs of acquiring, constructing and <br />equipping various public facilities and related improvements and costs (collectively, the <br />"Refinanced Projects "), and under said one or more installment financing contracts (or <br />amendments to one or more outstanding installment financing contracts) the County would <br />secure the repayment by the County of the moneys advanced pursuant to such one or more <br />installment financing contracts (or amendments to one or more outstanding installment financing <br />contracts) by granting a security interest in and lien on all or a portion of the Refinanced Projects <br />and in all or some portion of the real property on which the Refinanced Projects are located; <br />WHEREAS, as part of said proposed plan of refinancing, the Corporation will execute <br />and deliver one or more series of Certificates of Participation and /or Limited Obligation Bonds <br />in an aggregate principal amount not exceeding $45,000,000 to finance the advancement of <br />moneys to the County pursuant to said one or more installment financing contracts (or <br />amendments to one or more outstanding installment financing contracts) between the County and <br />the Corporation; <br />WHEREAS, there have been submitted to this meeting draft forms of the following <br />documents (the "Financing Documents ") with respect to the refinancing of said one or more <br />prior installment financing contracts and the Refinanced Projects: <br />(1) Amendment Number One, proposed to be dated as of October 1, 2010 (the "2002 <br />First Contract Amendment "), to the Installment Financing Contract dated as of August 15, 2002 <br />(the "Original 2002 Contract" and, as amended by the 2002 First Contract Amendment, the <br />"2002 Contract "), each between the County and the Corporation as counterparty, pursuant to <br />which the Corporation will advance moneys to the County to refinance all or a portion of the <br />2 <br />A0*4i g number 2 <br />F -10 <br />
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