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2025-061
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Last modified
10/13/2025 12:21:41 PM
Creation date
10/13/2025 12:18:40 PM
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Resolutions
Resolution Number
2025-061
Approved Date
10/07/2025
Agenda Item Number
14.C
Resolution Type
Authorizing the Sale of Recenue Bonds
Entity Name
Sandridge Golf Club
Subject
Authorizing Capital Revenue Bonds for the Sandridge Golf Club new clubhouse.
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undertake to commit to provide any such additional notice of the occurrence of any material <br />event except those events listed above. Any voluntary inclusion by the County of <br />supplemental information that is not required hereunder shall not expand the obligations of <br />the County hereunder and the County shall have no obligation to update such supplemental <br />information or include it in any subsequent report. <br />SECTION 4. SUBMISSION OF INFORMATION TO THE MSRB. The <br />information required to be disclosed pursuant to Sections 2 and 3 of this Disclosure <br />Certificate shall be submitted to EMMA and/or any successor repository required by <br />federal or state law or regulation. Subject to future changes in submission rules and <br />regulations, such submissions shall be provided to the MSRB, through EMMA, in portable <br />document format ("PDF") files configured to permit documents to be saved, viewed, <br />printed and retransmitted by electronic means. Such PDF files are required to be word - <br />searchable (allowing the user to search for specific terms used within the document through <br />a search or find function available in a software package). <br />Subject to future changes in submission rules and regulations, at the time that such <br />information is submitted through EMMA, the County, or any dissemination agent engaged <br />by the County pursuant to Section 7 hereof, shall also provide to the MSRB information <br />necessary to accurately identify: <br />(A) the category of information being provided; <br />(B) the period covered by the County's Annual Comprehensive Financial <br />Report and any additional financial information and operating data being provided; <br />(C) the issues or specific securities to which such submission is related or <br />otherwise material (including CUSIP number, County name, state, issue <br />description/securities name, dated date, maturity date, and/or coupon rate); <br />(D) the name of any Obligated Person other than the County; <br />(E) the name and date of the document being submitted; and <br />(F) contact information for the submitter. <br />SECTION 5. REMEDIES; NO EVENT OF DEFAULT. The County <br />agrees that its undertaking pursuant to the Rule set forth above is intended to be for the <br />benefit of the holders and beneficial owners of the Series 2025 Bonds and shall be <br />enforceable by any such holder or beneficial owner; provided that the right to enforce the <br />provisions of this undertaking shall be limited to a right to obtain specific performance of <br />the County's obligations hereunder and any failure by the County to comply with the <br />provisions of this undertaking shall not be an event of default with respect to the Series <br />2025 Bonds under the Resolution. <br />11 <br />
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