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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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the manner and to the extent provided in the Resolution. The County has covenanted and <br />agreed in the Resolution to appropriate in its annual budget, by amendment, if necessary, <br />from Non -Ad Valorem Revenues, amounts sufficient to pay the principal of and interest <br />on the Series 2025 Bonds when due in the manner and to the extent provided in the <br />Resolution. See "SECURITY FOR THE SERIES 2025 BONDS" and "GENERAL <br />INFORMATION REGARDING NON -AD VALOREM REVENUES" herein. <br />Redemption Provisions <br />The Series 2025 Bonds are subject to optional and mandatory sinking fund <br />redemption prior to maturity. See "DESCRIPTION OF THE SERIES 2025 BONDS -- <br />Redemption Provisions" herein. <br />Continuing Disclosure <br />The County has agreed to provide certain annual financial information and operating <br />data, including audited financial statements, and notice of the occurrence of certain <br />enumerated events to the municipal marketplace. See "CONTINUING DISCLOSURE" <br />herein. <br />Additional Information <br />This Official Statement speaks only as of its date and the information contained <br />herein is subject to change. This Official Statement contains certain information <br />concerning The Depository Trust Company (the "DTC") and its book -entry -only system <br />of registration. Such information has been provided by DTC and the County and the <br />Underwriter (as defined below) do not certify as to the accuracy or sufficiency of the <br />disclosure practices or content of information provided by DTC and are not responsible for <br />the information provided by such parties. <br />Complete descriptions of the terms and conditions of the Series 2025 Bonds are set <br />forth in the Bond Resolution, the form of which is contained in Appendix C of this Official <br />Statement. The descriptions of the Series 2025 Bonds, the documents authorizing and <br />securing the same, and the information from various reports and statements contained <br />herein are not comprehensive or definitive. All references herein to such documents, <br />reports and statements are qualified by the entire, actual content of such documents, reports <br />and statements. Copies of such documents, reports and statements referred to herein that <br />are not included in their entirety in this Official Statement may be obtained from the <br />County. <br />[Remainder of page intentionally left blank] <br />2 <br />
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