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1987-144
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1987-144
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Last modified
9/2/2022 9:39:12 AM
Creation date
9/1/2022 9:53:28 AM
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Template:
Resolutions
Resolution Number
1987-144
Approved Date
12/08/1987
Subject
Authorizing the execution and delivery of a Note Purchase Agreement
of $9,200,000 aggregate principal amount of water & sewer revenue bonds
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May 21, 1981; $5'g92',()00 out.stanclinl E�rincipal amount of the <br />Country's Water Revenue Bonds. Serie6: 1980 (South County Water <br />System), dated September 30, 1982; and $2.698.700 outstanding <br />principal amount of the County's Wat'pr and Sewer Revenue Bonds. <br />Series 1982, dated April 30, 1985 (collectively, the "outstanding <br />Bond €s" ) . <br />Certain Financial. Data <br />The (:aunty intend.,, t_n a,ssue the Seripq �6Elfrosol4�bto <br />pay the principal of the tiritpa at maturity. Th. . <br />Bondi, t.(5get.her wit.,, ottiar f>„&t.standinq Bonds end additional <br />cl F.e!sotrition, <br />parity bonrl� issued in arr.ntdance with the Oris;in <br />will he payak,l.e ratAt)lV ftom Oross Revenues of the y5tem in <br />accor•riance .rith the Ori(tinal Reaolut.ion, Frig to issuance of <br />the r,eriPs 1996 A+ands, the County will bP c-pquired to demonstrate <br />compllanc:Q with certain conditions set forth in the nriltinal <br />Renol.ittion. eee "SUMMARY OF CBRTAitt PROVISIONS OF THE <br />RESOLUTrON5 •- nrigtrial Resolution - viedge' and ”- IssuArV7P of <br />Other nbligAt.ions" herein. For the Fiscal Years ended <br />September 30, 1463 through noptember 30. 1987, bused on the <br />financial statements of ttsw County. the System has compiled with <br />the net revenises test est.at,lished in the Original Resolution for <br />the i•aauanr;A c,f ad�ittional t,�nda thereunder. "gee the table <br />captioneri ".;tIMMAPY ()F NET F'F;vF:rAMS" herPtn. <br />11 <br />
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