AG 2001 02 19 - Laserfiche WebLink

Home Browse Search

11 2001 Certificates, as the person executinG the final Official Statement may appr~e, the ~e~on ~d deltve~ ~hereo~ ~o co. bi,ute concZus~ve o~ such Section 6. Each o~ ~e C~t~n o~ 2he Board o~ C~[sstoners, 2he C~y ~a~er ~d ~e Director of Fin~ce ara authorized to appr~e all details of the fin~cin~ of =he 2001 Project, including, wi~ou~ ~e a~ adv~c~d ~der ~he Con~rac= ~d ~he aggregate principal a~= of ~he 2001 Certif~cates (w~ch ~hall no= exceed $40,000,~00), the ~uri=ies, the 2001 Certificates) ~11 ~2 ~ceed 7.5% per ~um on a t~e Cos= basie, the prepa~n= ~=~ ~d priceB (which shall no2 ~ce~d 103% =he principal a~= ~in~ prepaid) ~d 2he ~de~i~ers. disc~= (~clus~ve of ~y original issue disco~2) (which shall uo2 exceed 2.0% of the principal a~t of the 2001 Certifies=es). ~e~2[on of the Contrac= ~ 2he ~i~ uf ~he Board of C~ssioners or ~e Co~ty ~ger s~ll conclusively evid~ce such appr~al of all su~ de=a~ls of said fitting. Sec=ion ~. As re~ired ~ Section 160A-20 of the North Carolina general S~atu=es, a p~lic hearing s~ll be held by ~he Board of Co~ssioners on F~a~ 2~ 2001 a= 7;00 p.m., or as soon thereafter as prac=ic~le, in ~he Multip~o;e ~m in the C~a~s Co~2y ~e~en=al ~enter in Concord, North Ca~lina, conce~in~ ~he ~e~tion o~ ~e the Deed o~ ~s~, ~e f~n~c~n~ of the 2001 P~Jec= ~d ~ other ~r~sactions conte~%ated ~herein ~d associated ~herew~h. ~e Clerk =o ~he ~ard of C~iss~oners ~S ~rec~ed to cause a notice of such p~lic hearing, e~su~ally in ~= fo~ attached hereto as ~ibi2 A, ~o be p~ltshed once in a ~al~fied newspaper of ~eneral circulation wi~in the Co~ty not less t~n 10 ~ys prior ~o said p~lic heari~. Section 8. ~e ~a~ of 2he Board of Co~ssioners, ~he Cowry ~anager, the Director of Fin~ce and =he Co~ty At=o~ey are her~y authorized ho t~e ~y and all su~ further ac~on, includ~g approval of ~[fica~ions =o ~he P~n~clng ~cumen~s, ~d 2o ~e~=e and deliver for on b~alf of the Co~=y such other do~men~s and cer~fica=es (including, w~hout li~tati~, a~ee~n=s w~h secur~=ies depositories, ~inancing statements, appropriate =~ certif~ca~es ~d agreements ~ other docents ~d agree~n~s (~ncluding repur~ase agreem~ts} relating ~o 2he i~est~n~ of =he proceeds from the exertion ~d del~ve~ of the Con=race} as =hey deem necessa~ or adv~s~le 2o ca~ ou2 the in~en~ of 2his resolution and effect the fin~cing pursuit =o ~he Con~ract and =he other Financing ~c~ents. ~e Cowry Clerk is her~ authorized ~o aff~ the seal of the Co~ty 2o such doc~ents ~d ce~ificates as ~y be appropriate ~d to to the same ~d 2o ~ecu~e and deliver the same as may be needed. In addit~on, said officers are her~y authorized 2o cooperate w~th the ~de~iCers in preparin~ ~d filing such E~lings ~der state se~i=ies "blue sky'~ laws (including ~ecial consen=s .to semite of process) as ~de~ters ~y re.es= ~d as =he ~ai~ of =he Board of C~sstoners, 2he Co~=y M~ager or =he D~r~c=or oE Fin~c~ s~ll d~t~ine. Section 9. ~e ~2~ coverts ~t, to ~e ~tent pe~tted ~ the Coneti=ut~on and laws of ~e State of No~h Caroli~, it will ~ ~d all acts ~d ~s to co~ly w~th the re~irements of ~e Inte~l Rev~ue Code of 1986, ae amended (the' ~Code"), in order to assure that interest on the 2001 Cert~ficates will not be inclu~le ~n the 9ross income of the o~ers ghereof for pu~ses oE federal income t~ation, ~cept to the ~tent fha= the Cowry obtains an opinion of bond co.se1 Co the m~fect that nonco~li~ce ~uld not result in interest on =he ROOl Certificates bein~ ~nclud~le in the gross ~nc~e of the o~ers of the 2001 Ce~tficates for pu~gsee of federal ~ncome t~at~on. Secti~ 10. ~s Resolution shall beco~ ef[ective imediately upon ~ts adoption. ~ereupon, upon ~t~on of C~ssioner Privette, second~ by ~ai~an Fete1, the fore~oin~ resolution en=itled "~SOL~ION ~PRO~ INST~ CO~ FI~CING ~ ~IOUS S~L PRO~S IN ~ ~ PR~CIP~ ~0~ ~ T0 $40,000,000 ~ ~ IS~ BY ~ ~US ~ ~LOP~ CORPO~TION OF ~RTIFI~TES OF P~TICIPATION ~ ~, ~ORIZ~ DIe. IN9 A ~LIC ~ BE ~ ~ PR0~D~ FOR ~T~N 0T~ ~'~ ~S" was a~pted ~ passed by the following A~S= C~i~ Fete1 and Co~ssioners Privet=e, Cat. th, Free~n ~ES: None ~IBIT A NOTICE OF P~LIC NOTIC~ IS ~E~By giVeN that the Board of County Commissioners (the ~BoardB) of the County of Cabarrus, North Carolina (the ~County'), will conduct a public hearing on February 2, 2001 conce~-nlng the execution and