___________, 2003
INTRODUCED BY:
PROPOSED NO.: 2003-
MOTION NO. ________
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A MOTION of the county council [accepting a bid/approving a purchase contract] for the county's Sewer Revenue and Refunding Bonds, Series 20____, in the aggregate principal amount of $_________, and establishing certain terms of such bonds [and a plan of refunding]; all in accordance with Ordinance ______.
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WHEREAS, the county council by Ordinance _____ passed on ________ ___, 2003 (the "Bond Ordinance"), authorized the issuance and sale of not to exceed $65,000,000 principal amount of sewer revenue bonds of the county to refund certain outstanding sewer revenue bonds (the "Refunding Bonds") and not to exceed $185,000,000 principal amount of sewer revenue bonds of the county to finance the construction of improvements to the county's sewer system (the "Project Bonds"); and
WHEREAS, the Bond Ordinance provided that such bonds be sold in one or more series and by negotiated sale or competitive bid as determined by the county's manager of finance and business operations (the "Finance Manager") in consultation with the county's financial advisor; and
WHEREAS, the Finance Manager has determined that a series of such bonds in the aggregate principal amount of $_____________ (the "Bonds") be sold [by competitive bid/by negotiated sale] as provided herein, representing $_____________ principal amount of Refunding Bonds and $____________ principal amount of Project Bonds; and
WHEREAS, pursuant to the Bond Ordinance, a preliminary official statement dated ________ ___, 2003, has been prepared for the sale of the Bonds, [the Official Notice of Bond Sale (the "Notice") has been published, and bids have been received in accordance with the Notice] [and the Finance Manager has negotiated the sale of the Bonds to ______________ (the "Underwriter")]; and
WHEREAS, [the attached bid of ___________________ (the "Purchaser") to purchase the Bonds is the best bid received ...
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