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LAND ACOUISITION ADVISORY COADIFUEE BOND RESOLUTION <br />The Board reviewed a Memorandum of May 10, 1995: <br />TO: Board of County Commissioners <br />0��kA� <br />FROM: Charles P. Vitunac, County Attorney <br />DATE: May 10, 1995 <br />RE: Land Acquisition Advisory Committee Bond Resolution <br />In preparation for selling the first bonds of the $26,000,000 general <br />obligation bonds authorized by referendum for the purchase or acquisition of <br />environmentally significant land it is necessary for the County to adopt the <br />attached bond resolution. <br />The resolution sets out the history of the bond project, defines the terms <br />and conditions of the bonds, and sets out the financial provisions concerning <br />the sale, ownership, and redemption of the bonds. Although the resolution <br />authorizes the sale of the bonds up to $26,000,000, the County has the power <br />to issue the first series of bonds in any amount less than that. <br />Recommendation: Staff recommends approval and authorization for the Chairman <br />to sign the attached bond resolution. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously <br />approved Resolution No. 95-63 to provide for <br />the issuance of general obligation bonds or <br />notes in an amount not to exceed $26,000,000 <br />to finance the cost of acquiring <br />environmentally significant land to protect <br />water quality, open spaces, and wildlife <br />habitat. <br />May 16, 1995 <br />sou 95 P,�iu 79 <br />