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2006-067
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2006-067
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Last modified
6/21/2017 3:39:40 PM
Creation date
9/30/2015 4:37:34 PM
Metadata
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Resolutions
Resolution Number
2006-067
Approved Date
05/23/2006
Agenda Item Number
7.G.
Resolution Type
General Obligation Bonds
Entity Name
Series 2006
Subject
General Obligation Bonds Not to Exceed $50 Million
Archived Roll/Disk#
3129
Supplemental fields
SmeadsoftID
1858
Document Relationships
2005-059
(Agenda)
Path:
\Resolutions\2000's\2005
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entry system of registration. In furtherance thereof, the County has previously executed and <br />delivered a Blanket Letter of Representations with the Depository Trust Company. For so long <br />as the Series 2006 Bonds remain in such book entry only system of registration, in the event of a <br />conflict between the provisions of the Original Resolution and of the Blanket Letter of <br />Representations, the terms and provisions of the Blanket Letter of Representations shall <br />prevail. <br />SECTION 8. PAYMENT OF INTEREST. Payment of the interest on the Series 2006 <br />Bonds shall be made by the Paying Agent on each July 1 and January 1, commencing January 1, <br />2007 (each on "interest payment date") to the person appearing on the registration books of the <br />Registrar as of the date fifteen (15) days prior to each interest payment date, as the registered <br />Owner thereof, by check or draft mailed to such registered Owner at his address as it appears <br />on such registration books; provided, however, that for any Owner of $1,000,000 or more in <br />principal amount of Series 2006 Bonds, interest payments will, at the written request and at the <br />expense of such Owner, be made by wire transfer or other medium acceptable to the Issuer and <br />to the Owner. <br />SECTION 9. PRELIMINARY OFFICIAL STATEMENT. The County Administrator is <br />authorized and directed to cause a Preliminary Official Statement to be prepared in <br />substantially the form attached hereto as Exhibit C, with such changes, insertions and <br />omissions as shall be approved by the County Administrator containing a copy of the attached <br />Notice of Bond Sale and to furnish a copy of such Preliminary Official Statement to interested <br />bidders. The County Administrator is authorized to deem final the Preliminary Official <br />Statement prepared pursuant to this Section for purposes of Rule 15c2-12 (the "Rule") of the <br />Securities and Exchange Commission. Upon the award of the Series 2006 Bonds to the <br />successful bidder, the County shall also make available a reasonable number of copies of the <br />Official Statement to such bidder, who may mail such Official Statements to prospective <br />purchasers at the bidder's expense. <br />SECTION 10. CONTINUING DISCLOSURE. The County hereby covenants and agrees <br />that, in order to provide for compliance by the County with the secondary market disclosure <br />requirements of the Rule, that it will comply with and carry out all of the provisions of that <br />certain Continuing Disclosure Certificate in substantially the form attached hereto as Exhibit D, <br />to be executed by the County and dated the date of issuance and delivery of the Series 2006 <br />Bonds, as it may be amended from time to time in accordance with the terms thereof (the <br />"Continuing Disclosure Certificate"). Notwithstanding any other provision of this Resolution, <br />failure of the County to comply with such Continuing Disclosure Certificate shall not be <br />considered an event of default; however, any Bondholder may take such actions as may be <br />necessary and appropriate, including seeking mandate or specific performance by court order, <br />to cause the County to comply with its obligations under this Section. <br />4 <br />
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