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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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the Resolution; provided, however, any Bondholder may take such actions as may be necessary <br />and appropriate, including seeking mandate or specific performance by court order, to cause the <br />Issuer to comply with its obligations under this Section 9.03 and the Continuing Disclosure <br />Certificate. For purposes of this Section 9.03 "Bondholder" shall mean any person who (A) has <br />the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, <br />any Bonds (including persons holding Bonds through nominees, depositories or other <br />intermediaries), or (B) is treated as the owner of any Bonds for federal income tax purposes. HTS <br />Continuing Disclosure Services, a Division of Hilltop Securities Inc., is hereby appointed as <br />dissemination agent with respect to the Bonds. <br />SECTION 9.04 OFFICIAL NOTICE OF SALE. The forms of each Official <br />Notice of Sale attached hereto as Exhibit A and the terms and provisions thereof are hereby <br />authorized and approved. The Chairman is hereby authorized to make such changes, insertions <br />and modifications as he shall deem necessary prior to the advertisement of such Official Notice of <br />Sale or a summary thereof. The Chairman is hereby authorized to cause the advertisement and <br />publication of each Official Notice of Sale or a summary thereof at such time as he shall deem <br />necessary and appropriate, upon the advice of the Issuer's Financial Advisor, to accomplish the <br />competitive sale of the Bonds. <br />(REMAINDER OF PAGE INTENTIONALLY LEFT BLANK) <br />34 <br />
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