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2005-021
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Last modified
5/31/2017 3:27:16 PM
Creation date
9/30/2015 4:23:05 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
2005-021
Approved Date
02/15/2005
Agenda Item Number
7.J.
Resolution Type
Utilities
Entity Name
Amending & Supplementing Resolution 93-80
Subject
Water and Sewer Revenue Refunding Bonds Series 2005
Archived Roll/Disk#
3129
Supplemental fields
SmeadsoftID
1187
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SECTION 25. BOND INSURANCE. Insurance to insure the holder of any Bond <br />the scheduled payment of principal and interest on behalf of the County shall be purchased <br />from the Bond Insurer and payment for such insurance is hereby authorized from Bond <br />proceeds in accordance with the Commitment for Municipal Bond Insurance from the <br />Bond Insurer attached hereto as Exhibit "C." All provisions of the Original Resolution <br />applicable to the Bond Insurer for the Series 1993 Bonds and the Series 1996 Bonds shall be <br />equally applicable to the Bond Insurer for the Series 2005 Bonds. <br />SECTION 26. RESERVE ACCOUNT. The County has previously funded the <br />Reserve Account in the Debt Service Fund with a debt service reserve fund policy <br />purchased from Financial Guaranty Insurance Company in conjunction with the issuance <br />of the Series 1996 Bonds, which reserve fund policy will remain in effect and satisfy the <br />Debt Service Reserve Fund Requirement for the Series 2005 Bonds. <br />SECTION 27. PAYING AGENT AND REGISTRAR. J.P. Morgan Trust Company, <br />N.A., Jacksonville, Florida is hereby appointed Paying Agent and Registrar for the Series <br />2005 Bonds. <br />SECTION 28. PRELIMINARY OFFICIAL STATEMENT. The distribution by the <br />Underwriter of a Preliminary Official Statement, substantially in the form of which is <br />attached hereto as Exhibit "D" is hereby approved, and the County hereby authorizes and <br />directs the County Administrator, or his designee, to determine that such Preliminary <br />Official Statement is, as of its date, in nearly final form within the contemplation of Rule <br />15c2-12 of the Securities and Exchange Commission. The distribution of a final Official <br />Statement of the County relating to the issuance of the Series 2005 Bonds is hereby <br />approved, such final Official Statement to be in substantially the form attached as Exhibit <br />"D" hereto, with such additional changes, insertions and omissions as may be made and <br />approved by officers of the County executing the same, such execution to be conclusive <br />evidence of any such approval. The Chairman and the County Administrator are hereby <br />authorized to execute such Official Statement in substantially the form attached hereto. <br />The execution of such Official Statement by such officers is hereby approved with such <br />additional changes, insertions and omissions as may be made and approved by such <br />officers. <br />SECTION 29. CONTINUING DISCLOSURE UNDERTAKING. The Chairman or <br />Vice -Chairman are hereby authorized and directed to execute and deliver, and the Clerk is <br />hereby authorized to attest, on behalf of the County, the Continuing Disclosure Certificate <br />substantially in the form of Exhibit "E" hereto, with such changes and completions as are <br />acceptable to the signors thereof, with such execution to be conclusive evidence of the <br />approval of such changes and completions, in order to evidence the County's agreement to <br />undertake its continuing disclosure obligations as required by Rule 15c2-12 of the Securities <br />and Exchange Commission. <br />13 <br />
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