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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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payments requited to be made for a period of at least the next <br />preceding 24 months; and that the annual Net Revenues for the <br />Fiscal Year next preceding the issuance of additional parity <br />Bands are certified by an independent certified public accountant <br />not regularly employed by the County, to have been equal to at <br />least 1.20 times the average Bond Service Requirement; and that <br />the estimated average annual Net Revenues of the facility to be <br />acquired with the proceeds of such additional Bonds, when added <br />to the estimated future average annual Net Revenues of the then <br />existirz ;y=ten. shall be at least 1.20 times the average Bond <br />Service Re_::irem.ent for all Outstanding Bonds and the additional <br />po:j+,s prcrc=ed to _e issued. The amounts required to be <br />deposited -And na:rta-red in the Sinking Fund shall be adjusted to <br />reflect the _...-A Service Requirement on the additional Bonds. <br />salFaciiities. (finder the Original Resolution, <br />he se _ --_ rerwise dispose of any of the <br />c\. te- _3;t_es, ._.._e__ (_)~the County is in compliance with <br />Al_ ccver.a..-- _„ c,.•••.,-..,, <br />' _ with all of its Outstanding __nds, <br />reserve for such Bonds has been fu" -1y <br />es aL.__s^e'„ :_ -.._ z:_ceeds of the sale are applied to <br />._,thew ;al`._._ :ed_- __,.. .: lutstanding Bonds in accordance with <br />' <br />....:e.:_:.. ..:(b)the replacement of such fa-,_1_ty, <br />replacement are incorporated th <br />an <br />:e- as -re ..iainal Resolution; or (3) -- -_ <br />abard:ned is no longer ecz-nz-_ca:ly <br />ess__ _e . _ .___- - - Reveraes: or (Y) _ is cert _ _.hat <br />'nP•:e`pes :•emainir,g'Syster. - __.:_es for <br />___al `.ear. .:s the est mated `:e: Re•._ :es of <br />anv .e added to the System. saw__ - ::_ <br />_n the Original <br />:al raw _:y _...d5. <br />:n - -;e. _- ,.....t} __ required .. :a: _..^_..:ante <br />___ _.. <br />_e = e\erItae am...__. -'__:e and <br />t, p:; v_d e n--,: les_ <br />--.,.fir:---- -_ Y^_.:e': $: a .6e .. )`P: .. <br />... ..._..:e: --A:-- <br />d <br />: ..:e : P: son a;:. :.. -. e <br />A -:TS Z :7 _IIP_ _ ^P::\' .`tP: ;.1~.. .,:F,.. --vns <br />'•era__-_ _ VI ..:P :eVAS •:l. . •L:F \'^, F� __3r <br />.S.r a-_ _,_•--- -._ .._F thA:. .,:F )`Fre,:: .`.\•..\'F ... ,re <br />-d_-_-. A7, n _:_ :�A.. ..:; AOA:a::, ..il... .:.9^.dye <br />=-- _� <br />-e ex. P^` ..AL`....\' <br />
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