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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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EXHIBIT C <br />CERTIFICATE OF THE UNDERWRITER <br />The undersigned, on behalf of , as purchaser of the Bonds (the "Purchaser"), <br />does hereby certify that the present value of the premium paid to ("") to obtain <br />a municipal bond insurance policy relating to the Bonds (the "Policy") is less than the present value <br />of the interest reasonably expected to be saved as a result of such Policy. The discount rate chosen <br />for computing such present value is the yield of the Bonds (determined without regard to costs of <br />issuing the Bonds or such premium). <br />The representations set forth in this certificate are limited to factual matters only. Nothing <br />in this certificate represents the Purchaser's interpretation of any laws, including specifically <br />Sections 103 and 148 of the Internal Revenue Code of 1986, as amended, and the Treasury <br />Regulations thereunder. The undersigned understands that the foregoing information will be relied <br />upon by the County with respect to certain of the representations set forth in the County's <br />Certificate as to Arbitrage and Certain Other Tax Matters and with respect to compliance with the <br />federal income tax rules affecting the Bonds, and by Nabors, Giblin & Nickerson, P.A. in <br />connection with rendering its opinion that the interest on the Bonds is excluded from gross income <br />for federal income tax purposes, the preparation of Internal Revenue Service Form 8038, and other <br />federal income tax advice it may give to the County from time to time relating to the Bonds. The <br />representations set forth herein are not necessarily based on personal knowledge. <br />In witness whereof, I have set my hand this _ day of October, 2025. <br />C-1 <br />
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