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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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SECTION 6. SEPARATE BOND REPORT NOT REQUIRED; <br />INCORPORATION BY REFERENCE. The requirements of this Disclosure Certificate <br />do not necessitate the preparation of any separate annual report addressing only the Series <br />2025 Bonds. These requirements may be met by the filing of a combined bond report or <br />the County's Annual Comprehensive Financial Report; provided, such report includes all <br />of the required information and is available by April 30. Additionally, the County may <br />incorporate any information provided in any prior filing with EMMA or one of the <br />Nationally Recognized Municipal Securities Information Repositories recognized by the <br />SEC for purposes of the Rule or other information filed with the SEC or included in any <br />final official statement of the County; provided, such final official statement is filed with <br />the MSRB. <br />SECTION 7. DISSEMINATION AGENTS. The County may, from time <br />to time, appoint or engage a dissemination agent to assist it in carrying out its obligations <br />under this Disclosure Certificate, and may discharge any such agent, with or without <br />appointing a successor dissemination agent. The County has appointed HTS Continuing <br />Disclosure Services, a Division of Hilltop Securities Inc., Continuing Disclosure Services, <br />as its initial dissemination agent. <br />SECTION 8. TERMINATION. The County's obligations under this <br />Disclosure Certificate shall cease (a) upon the legal defeasance, prior redemption, payment <br />in full of all of the Series 2025 Bonds, or (b) when the County no longer remains an <br />Obligated Person with respect to the Series 2025 Bonds within the meaning of the Rule, or <br />(c) upon the termination of the continuing disclosure requirements of the Rule by <br />legislative, judicial or administrative action. <br />SECTION 9. AMENDMENTS. The County reserves the right to amend the <br />provisions of this Disclosure Certificate as may be necessary or appropriate to achieve its <br />compliance with any applicable federal securities law or rule, to cure any ambiguity, <br />inconsistency or formal defect or omission, and to address any change in circumstances <br />arising from a change in legal requirements, change in law, or change in the identity, nature, <br />or status of the County, or type of business conducted by the County. Any such amendment <br />shall be made only in a manner consistent with the Rule and any amendments and <br />interpretations thereof by the SEC. Additionally, compliance with any provision of this <br />Disclosure Certificate may be waived. Any such amendment or waiver will not be effective <br />unless this Disclosure Certificate (as amended or taking into account such waiver) would <br />have complied with the requirements of the Rule at the time of the primary offering of the <br />Series 2025 Bonds, after taking into account any applicable amendments to or official <br />interpretations of the Rule, as well as any change in circumstances, and until the County <br />shall have received either (a) a written opinion of bond or other qualified independent <br />special counsel selected by the County that the amendment or waiver would not materially <br />impair the interests of holders or beneficial owners of the Series 2025 Bonds, or (b) the <br />written consent to the amendment or waiver of the holders of at least a majority of the <br />5 <br />
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