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File #: 2009-0562    Version: 1
Type: Motion Status: Lapsed
File created: 9/21/2009 In control: Budget and Fiscal Management Committee
On agenda: 2/1/2010 Final action: 2/1/2011
Enactment date: Enactment #:
Title: A MOTION of the county council approving a bond purchase contract for the purchase of the county's Limited Tax General Obligation Bond Anticipation Notes, 2009, in the aggregate principal amount of $_________, and establishing certain terms of such notes in accordance with Ordinance ________.
Sponsors: Julia Patterson, Larry Gossett, Dow Constantine
Indexes: Bonds, Green River
Attachments: 1. 10-07-09 Staff Report with attachments, 2. 10-14-09 Staff Report with attachments, 3. 2 2009-0562--Attachment to Transmittal Letter--GR Flood Supplemental Summary 9 15 09.pdf, 4. 2009-0562 Transmittal Letter.doc, 5. 3 2009-0562--3951 Fiscal Note 9 15 (2).xls, 6. 4 2009-0562--461 Fiscal Note 9 14 (3).xls, 7. 5 2009-0562--WTD Green River Flood Planning Financial Plan 9 16.xls
Staff: Cusack, Rebecha
Drafter
Clerk 09/17/2009
Title
A MOTION of the county council approving a bond purchase contract for the purchase of the county's Limited Tax General Obligation Bond Anticipation Notes, 2009, in the aggregate principal amount of $_________, and establishing certain terms of such notes in accordance with Ordinance ________.
Body
WHEREAS, pursuant to Ordinance ________ (the "Ordinance"), the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an outstanding aggregate principal amount not to exceed $29,000,000 to provide long-term financing for the Green River Flood Mitigation Project, defined and described in the Ordinance, and further authorized the issuance and public sale of one or more series of its limited tax general obligation bond anticipation notes in an outstanding aggregate principal amount not to exceed $29,000,000 to provide interim financing for such project pending the issuance of the bonds, and
WHEREAS, the Ordinance provided that such bond anticipation notes may be sold at public sale, either by negotiated sale or by competitive bid, in one or more series as determined by the Finance Director in consultation with the county's financial advisor, and
WHEREAS, the Finance Director has determined that a series of such bond anticipation notes, to be designated as the county's Limited Tax General Obligation Bond Anticipation Notes, 2009, in the aggregate principal amount of $__________ (the "Notes"), be sold as provided herein, and
WHEREAS, currently, none of the bonds authorized by the Ordinance are outstanding. Currently, none of the bond anticipation notes authorized by the Ordinance are outstanding. The aggregate principal amount of all such bonds and bond anticipation notes (including the Notes) to be outstanding on the date of issuance of the Notes will be $___________, which amount does not exceed $29,000,000, and
WHEREAS, pursuant to the Ordinance, the Finance Director has negotiat...

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