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A MOTION of the county council approving a purchase contract for the county's Limited Tax General Obligation Bonds, 2017, Series A (Green Bonds), in the aggregate principal amount of $31,230,000, and establishing certain terms of such bonds, all in accordance with Ordinance 18089.
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PREAMBLE
Pursuant to Ordinance 18089 ("the Bond Ordinance"), the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an aggregate principal amount of not to exceed $150,000,000 outstanding at any time, for the purpose of financing the Capital Improvement Program for Solid Waste Facilities and the Solid Waste Transfer and Waste Management Plan, and to pay the costs of issuance and sale of the bonds.
The Bond Ordinance provided that such bonds may be publicly sold in one or more series, either by negotiated sale or by competitive bid, as determined by the Finance Director in consultation with the county's financial advisors.
The Finance Director has determined that a series of the bonds authorized pursuant to the Bond Ordinance, designated as the county's Limited Tax General Obligation Bonds, 2017, Series A (Green Bonds) ("the 2017A Bonds"), be sold by negotiated sale as provided herein.
The 2017A Bonds are the second series of bonds issued pursuant to the Bond Ordinance; the aggregate principal amount of the county's Limited Tax General Obligation and Refunding Bonds, 2015, Series D, issued pursuant to the Bond Ordinance was $36,385,000 ("the 2015D Bonds"). The aggregate principal amount of the 2017A Bonds to be issued under the Bond Ordinance is $31,230,000 and that amount, added to the amount of the 2015D Bonds, does not exceed $150,000,000.
Pursuant to the Bond Ordinance, a preliminary official statement dated May 12, 2017, has been prepared and distributed for the sale of the 2017A Bonds, and the Finance Director has negotiated the sale of the 2017A Bonds to Citigroup Global Markets Inc. ("the Underwriter") pursuant...

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