Drafter
Clerk 06/01/2010
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A MOTION of the county council accepting a bid for the purchase of the county's Limited Tax General Obligation Bonds, 2010, Series A (Federally Tax-Exempt), in the aggregate principal amount of $__________ and fixing the interest rates and other terms thereof in accordance with Ordinance _____.
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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 $31,000,000 to provide long-term financing for the South Park Bridge Replacement Project, defined and described in the Ordinance, and
WHEREAS, the Ordinance provided that such bonds may be issued as Tax-Exempt Obligations, BABs, RZEDBs or other Taxable Obligations in one or more series, any of which may be sold in a combined offering with other bonds of the county, publicly, either by negotiated sale or by competitive bid, 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 bonds, to be designated as the county's Limited Tax General Obligation Bonds, 2010, Series A (Federally Tax-Exempt), in the aggregate principal amount of $__________ (the "Bonds"), be sold as provided herein, and
WHEREAS, currently, none of the bonds authorized by the Ordinance are outstanding. The aggregate principal amount of all such bonds (including the Bonds) to be outstanding on the date of issuance of the Bonds, will be $__________, which amount does not exceed $31,000,000, and
WHEREAS, a preliminary official statement dated ________, 2010, has been prepared for the public sale of the Bonds, the official Notice of such sale dated ________, 2010 (the "Notice"), has been duly published, and bids have been received in accordance with the Notice, and
WHEREAS, the attached bid of ___________________________ to purchase the Bonds...
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