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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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discount), which shall not exceed 2.0% of the principal amount of the 2010B Certificates and /or <br />Limited Obligation Bonds). Execution of the 2002 First Contract Amendment by the Chairman <br />of the Board of Commissioners or the County Manager shall conclusively evidence such <br />approval of all such details of said refinancing. <br />Section 8. 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 2003 Contract and the related portion of the Refinanced Projects, <br />including, without limitation, the amount advanced under the 2003 First Contract Amendment <br />and the aggregate principal amount of the 2010C Certificates and /or Limited Obligation Bonds <br />(which, when combined with the aggregate principal amount of the 2010B Certificates and /or <br />Limited Obligation Bonds, shall not exceed $45,000,000), the maturities, the principal amounts <br />and the interest amounts of the 2003 Installment Payments and the 2010C Certificates and /or <br />Limited Obligation Bonds, which interest amounts (calculated with respect to the 2010C <br />Certificates and /or Limited Obligation Bonds) shall not exceed 6.0% per annum on an effective <br />interest cost basis, the prepayment terms and prices (which shall not exceed 103% of the <br />principal amount being prepaid) and the Underwriters' discount (exclusive of any original issue <br />discount), which shall not exceed 2.0% of the principal amount of the 2010C Certificates and /or <br />Limited Obligation Bonds). Execution of the 2003 First Contract Amendment by the Chairman <br />of the Board of Commissioners or the County Manager shall conclusively evidence such <br />approval of all such details of said refinancing. <br />Section 9. The Chairman of the Board of Commissioners, the County Manager, the <br />Director of Finance and the County Attorney are hereby authorized to take any and all such <br />further action, including approval of modifications to the Financing Documents, and to execute <br />9 <br />A0axd4ne24 number 2 <br />F -10 <br />
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