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1989-155
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1989-155
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Last modified
3/29/2022 11:17:39 AM
Creation date
3/29/2022 11:11:07 AM
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Resolutions
Resolution Number
1989-155
Approved Date
12/12/1989
Resolution Type
Water and Sewer Bonds
Subject
Award $9,200,000 aggregate principal amount of water and sewer revenue bonds, Series 1986,
and $450,000 aggregate principal amount of water and sewer revenue bonds, Series 1986A
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on January 18, 1990. <br />The county hereby exercises its option to redeem all of <br />the Notes in accordance with the rights and privileges reserved to <br />the County in the Notes and under the Note Resolution. <br />The date fixed for the redemption of the Notes shall be <br />zuouncy zo, 1990. <br />Such redemption shall be accomplished in the manner and <br />upon terms and conditions provided in the Note Resolution and shall <br />have the effect provided in the Note Resolution. <br />The County hereby authorizes and directs the Paying <br />Agent, as paying agent under the Note Resolution, to mail the <br />Notice of Redemption with respect to the redemption of the Notes <br />authorized hereunder, all in accordance with the Note Resolution. <br />On the date of the closing on the bonds or as soon <br />thereafter as reasonably possible, the county is hereby authorized ^ <br />and directed to deposit with the Paying Agent, as canzmx agent <br />tinder the Escrow Agreement, funds in an amount equal to the <br />principal and interest on the Notes which will be due and payable <br />on January lo, 1990, in addition, the County shall pay to the � <br />Paying Agent at such time any fees then or thereafter to become due <br />` <br />and payable to the raying agent, as paying Agent or as escrow agent <br />under the Escrow Agreement. <br />upon making the aforesaid deposit and payment, all <br />pzeu«oa and liens under the Note Resolution shall innediately, <br />without any further action whatsoever, become released, cancelled, <br />discharged and satisfied and null and void and of no further force <br />4 <br />
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