2024-023 - Laserfiche WebLink

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The County is party to other various legal proceedings which individually are not expected to have a material adverse effect on its operations or financial condition, but may, in the aggregate, have a material impact thereon. However, in the opinion of the County Attorney, the County will either successfully defend such actions or otherwise resolve such matters without any material adverse consequences. LEGAL MATTERS Certain legal matters in connection with the authorization, issuance and sale of the Series 2024 Bonds are subject to the approval of Nabors, Giblin & Nickerson, P.A., Tampa, Florida, Bond Counsel, whose approving opinion will be available at the time of delivery of the Series 2024 Bonds. Nabors, Giblin, & Nickerson, P.A., Tampa, Florida, is also serving as Disclosure Counsel to the County. Certain legal matters will be passed upon for the County by William K. DeBraal, Esq., County Attorney. The proposed form of the Bond Counsel opinion is attached hereto as Appendix D, and reference is made to such form of opinion for the complete text thereof. The actual legal opinion to be delivered may vary from that text if necessary to reflect facts and law on the date of delivery. The opinion will speak only as of its date, and subsequent distribution of it by recirculation of the Official Statement or otherwise shall create no implication that Bond Counsel has reviewed or expresses any opinion concerning any of the matters referenced in the opinion subsequent to its date. Bond Counsel has not been engaged to, nor has it undertaken to, review (1) the accuracy, completeness or sufficiency of this Official Statement or any other offering material relating to the Series 2024 Bonds; provided, however, that Bond Counsel will render an opinion to the Underwriter and the County relating to the accuracy of certain statements contained herein under the heading "TAX MATTERS" and certain statements which summarize provisions of the Bond Resolution and the Series 2024 Bonds, and (2) the compliance with any federal or state law with regard to the sale or distribution of the Series 2024 Bonds. ENFORCEABILITY OF REMEDIES The remedies available to the owners of the Series 2024 Bonds upon a monetary or covenant default under the Bond Resolution are in many respects based upon judicial actions which are often subject to discretion, delay and equitable considerations. Under existing constitutional and statutory law and judicial decisions, the remedies specified by the Federal bankruptcy code, the Bond Resolution and the Series 2024 Bonds may not be readily available or may be limited. The various legal opinions to be delivered concurrently with the delivery of the Series 2024 Bonds (including Bond Counsel's approving opinion) will be qualified as to the enforceability of the various legal instruments, by limitations Hill