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1989-154
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1989-154
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Last modified
3/29/2022 11:03:28 AM
Creation date
3/29/2022 11:01:46 AM
Metadata
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Template:
Resolutions
Resolution Number
1989-154
Approved Date
12/12/1989
Resolution Type
Amend and Supplement Res. 1986-35
Entity Name
Bent Pine
Subject
Providing for Acquisition and Construction of additions, extrnsions and improvements
to water and sewer system to the combined water and sewer system
Authorizing the issuance of Bonds, Series 1986
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E3 <br />this Instrument in accordance with certain plans and <br />specifications now on file with the Clerk, or in <br />accordance with such changes therein as shall have been <br />approved by the Issuer, including without limitation the <br />Bent Pine Project." <br />SBCTON 5• endive Section 1 0 o� the 1986 Bond Resolution,_ Section 1.03(B) <br />of the 1986 Bond Resolution is hereby amended to read as follows: <br />"(B) The Issuer has determined that the Cost of the Project is not <br />less than $9,650,000, which shall be paid with the proceeds of the <br />sale of the Bonds." <br />SSEgTION 6._ Adding Section 1.95 to the 198¢ Bond Resolution, The 1986 Bond <br />Resolution is hereby amended and supplemented to add the following section at <br />the end of Article I thereof: <br />"1.05 Parity Obligations Retired. The Issuer ratifies <br />and confirms the retirement of the Parity Obligations. <br />Henceforth references in this Instrument to the "Parity <br />Obligations" shall be construed to give effect to the <br />fact that the Parity Obligations are no longer <br />outstanding." <br />SECTION 7.. Amending and Supplementing Section 2_01 of the 1986 Bond Resolution, <br />Section 2.01 of the 1986 Bond Resolution is hereby amended and supplemented to <br />add the following sentence at the end thereof: <br />"Subject and pursuant to the provisions of this Instrument, <br />additional obligations of the Issuer to be known as "Water and Sewer <br />Revenue Bonds, Series 1986A" are hereby authorized to be issued in <br />an aggregate principal amount not exceeding $450,000 for the purpose <br />of providing additional funds to pay the Cost of the Project." <br />SECTION 8.. Amending and Supplementing Section 2,02 of tlie 1986 Bond Resolution. <br />A. section 2.02 of the 1986 Bond Resolution shall be amended by <br />inserting "A. Series 1986 Bonds." after the caption thereof and <br />substituting the phrase "Series 1986 Bonds" for the term "Bonds" in <br />each place such term appears in such Section of the 1986 Bond <br />Resolution. <br />- 5 - <br />
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