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AG 2002 07 22 (Regular)
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AG 2002 07 22 (Regular)
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Last modified
3/2/2006 5:01:32 PM
Creation date
11/27/2017 11:43:40 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/22/2002
Board
Board of Commissioners
Meeting Type
Regular
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amount not in excess of the amount of moneys to be advanced to the County pursuant to the <br />Contract. <br /> <br /> Section 5. Each of the Preliminary Official Statement and the Official Statement, in <br />substantially the form of the Preliminary Official Statement submitted t° this meeting, is hereby <br />approved in substantially such form, with such changes, insertions and omissions as appropriate, <br />including but not limited to changes, insertions or omissions related to obtaining a policy of <br />municipal bond insurance with respect to the 2002 Certificates, and the use thereof by the <br />Underwriters in connection with the public offering and sale of the 2002 Certificates is hereby <br />authorized. Each of the Chairman of the Board of Commissioners or the County Manager is <br />hereby authorized to execute and deliver in the name and on behalf of the County the final <br />Official Statement in substantially such form, with such changes, insertions and omissions, <br />including but not limited to changes, insertions or omissions related to obtaining a policy of <br />municipal bond insurance with respect to the 2002 Certificates, as the person executing the final <br />Official Statement may approve, the executiOn and delivery thereof to constitute conclusive <br />evidence of such approval. <br /> <br /> Section 6. 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 2002 <br />Project, including, without limitation, the amount advanced under the Contract and the aggregate <br />principal amount of the 2002 Certificates (which shall not exceed $30,000,000), the maturities, <br />the principal amounts and the interest amounts of the Installment Payments and the 2002 <br />Certificates, which interest amounts (calculated with respect to the 2002 Certificates) shall not <br />exceed 7.5% per annum on a true interest cost basis, the prepayment terms and prices (which <br />shall not exceed 103% of the principal amount being prepaid) and the Underwriters' discount <br /> <br /> 5 <br /> <br /> <br />
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