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AG 2009 05 18
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AG 2009 05 18
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Last modified
2/5/2010 12:56:16 PM
Creation date
11/27/2017 11:25:26 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/5/2010
Board
Board of Commissioners
Meeting Type
Regular
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<br /> <br />municipal bond insurance with respect to all or a portion of the 2009 Certificates, and the use <br />thereof by the Underwriters in connection with the public offering and sale of the 2009 <br />Certificates is hereby authorized. Each of the Chairman of the Board of Commissioners or the <br />County Manager is hereby authorized to execute and deliver in the name and on behalf of the <br />Count the final Official Statement in substantially such form, with such changes, insertions and <br />Y <br />omissions, including but not limited to changes, insertions or omissions related to obtaining a <br />policy of municipal bond insurance with respect to all or a portion of the 2009 Certificates, as the <br />person executing the final Official Statement may approve, the execution and delivery thereof to <br />constitute conclusive evidence of such approval. <br />Section 7. 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 financing of the 2009 <br />Project, including, without limitation, the amount advanced under the Contract and the aggregate <br />principal amount of the 2009 Certificates (which shall not exceed $100,000,000), the maturities, <br />the principal amounts and the interest amounts of the Installment Payments and the 2009 <br />Certificates, which interest amounts (calculated with respect to the 2009 Certificates) shall not <br />exceed 8.0% per annum on an effective interest cost basis, the prepayment terms and prices <br />(which shall not exceed 103% of the principal amount being prepaid) and the Underwriters' <br />discount (exclusive of any original issue discount) (which shall not exceed 2.0% of the principal _ <br />amount of the 2009 Certificates). Execution of the Contract 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 financing. <br />Section 8. 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 />6 <br />Attachment number 4 <br />G - 2 Page 148 of 199 , <br />
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