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5/18/1977
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5/18/1977
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7/23/2015 11:28:39 AM
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
05/18/1977
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the Underwriter will, among other actions. <br />1. Develop a proposed financing plan in coordination with the <br />County .Staff, the County Attorney, the Bond Attorney, and certain consultants <br />as designated by the County to provide for the issuance of the Bonds. KII <br />undertakings of the Underwriter pursuant to this Agreement shall be made <br />with the objective of developing the best possible financing structure <br />for said financing, the best appreciation possible for the securify of the <br />Bonds by the municipal bond market, qnd the best possible interest rates <br />for the Bonds when issued, considering the bond market at the time and <br />the short-term and long-term objectives of the County. <br />1 <br />2. Make George T. Bland, D. C. Huskey, or such other members of its <br />staff as appropriate, available to the County Staff, the -County Attorney, <br />'the Bond Attorney, and certain County consultants in order to prepare such <br />studies and documents as are required to insure that the issuance of the <br />Bonds. may proceed with dispatch. <br />B. The County hereby appoints Wiiliam`R. Hough & Co. as Underwriter <br />-to perform the following: <br />1. Cooperate with the County, its staff, consultants, and <br />attorney in arrangingthe most advantageous financing structure for the <br />Bonds. <br />2. Work with the County in developing the most advantageous <br />covenants to be included in the proposed Bond Resolution. <br />3. Conduct a presentation to the rating agencies in cooperation <br />with public officials and consultants for the purpose of obtaining the <br />highest possible rating on the County's Bonds. <br />4. Cooperate with.officials and attorneys in the preparation of an <br />Official Statement describing the Bonds. <br />5. Present to the County a Purchase Proposal for the Bonds. The <br />_2m <br />1 <br />MAY 181977 405 <br />
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