2006-067 - Laserfiche WebLink

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LITIGATION General The County is a defendant from time to time in various lawsuits, including, in particular, litigation related to zoning and other land use regulation matters. It is the opinion of the County Attorney that the County has meritorious defenses against current pending litigation; provided, however, that there is no assurance that the County will not incur some liability. The Bonds There is no pending or, to the knowledge of the County, threatened litigation against the County which in any way questions or affects (1) the validity of the Bonds, or any proceedings or transactions relating to their issuance, sale, delivery or payment; (2) the pledge of the Ad Valorem Taxes to secure payment of the Bonds; or (3) the collection and application of the Ad Valorem Taxes in accordance with the provisions of the Resolution. LEGAL MATTERS Legal matters incident to the issuance of Bonds and with regard to the tax- exempt status of the interest on Bonds (see "TAX EXEMPTION") are subject to the legal opinion of Bryant Miller Olive, whose fees and expenses for legal services as Bond Counsel will be paid by the County from a portion of the proceeds of$onds. The signed legal opinion, dated and premised on law in effect as of the date of original delivery of Bonds, will be delivered to the County at the time of original delivery, and the text of the opinion will be printed on the Bonds. The proposed text of the legal opinion is set forth as Appendix C hereto. The actual legal opinion to be delivered may vary from that text if necessary to reflect facts and lawon the date of delivery. The opinion will speak only as of its date, and subsequent distribution of the opinion by recirculation of the Official Statement or otherwise shall create no implication that Bond Counsel has reviewed or expresses any opinion concerning any of the matters referenced in the opinion subsequent to its date. 27