Dafter
Clerk 11/07/2011
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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, 2011, Series B, in the aggregate principal amount of $5,725,000, accepting a bid for the purchase of the county's Limited Tax General Obligation Bonds, 2011, Series C (Taxable), in the aggregate principal amount of $15,530,000, and establishing certain terms of such notes in accordance with Ordinance 16681.
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WHEREAS, pursuant to Ordinance 16681 (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 bonds 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 advisors, 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, 2011, Series B, in the aggregate principal amount of $5,725,000 (the "Series B Bonds"), be sold as provided herein, and
WHEREAS, the Finance Director has determined that a second series of such bonds, to be designated as the county's Limited Tax General Obligation Bonds, 2011, Series C (Taxable), in the aggregate principal amount of $15,530,000 (the "Series C Bonds" and, together with the Series B Bonds, the "Bonds"), also be sold as provided herein, and
WHEREAS, currently, none of the bon...
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