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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, 2017, Series B, in the aggregate principal amount of $33,460,000, and establishing certain terms of such bonds in accordance with Ordinance 18543.
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WHEREAS, pursuant to Ordinance 18543 (the "Ordinance"), the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an aggregate original principal amount not to exceed $54,600,000 to provide financing for the BRC BI Analytics Project, the Courthouse Electrical Distribution System Replacement Project, the Dolan Interest Settlement Project, the DPD Lease Consolidation Project, the Elections Tabulation Project, the FMD Asset Management System Project, the FRED Projects and the Jail Management System Project, defined and described in the Ordinance, and to pay costs of issuing the bonds, and
WHEREAS, the Ordinance provided that such bonds may be issued as Tax-Exempt Bonds or Taxable Bonds and sold at public sale, either by competitive bid or negotiated sale, 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, 2017, Series B, in the aggregate principal amount of $33,460,000 (the "Bonds"), be issued as Tax-Exempt Bonds and sold to provide financing for the BRC BI Analytics Project, the Courthouse Electrical Distribution System Replacement Project, the DPD Lease Consolidation Project, the Elections Tabulation Project, the FMD Asset Management System Project, the FRED Projects and the Jail Management System Project as provided herein, and
WHEREAS, the Finance Director has determined that no bonds will be sold at this time to provide financing for the Dolan Interest Settlement Project, and
WHEREAS, currently, none of the bonds authorized...

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