Drafter
Clerk 02/13/2012
Title
A MOTION of the county council accepting a bid for the purchase of the county's Limited Tax General Obligation Bond Anticipation Notes, 2012, in the aggregate principal amount of $73,395,000; and establishing certain terms of such notes in accordance with Ordinance 16994.
Body
WHEREAS, pursuant to Ordinance 16994 (the "Ordinance"), the county council authorized the issuance of one or more series of its limited tax general obligation bonds in an aggregate principal amount not to exceed $150,000,000 outstanding at any time, to provide funds to pay for the cost of carrying out the Capital Improvement Program for Solid Waste Facilities and the Solid Waste Transfer and Waste Management Plan, and further authorized the issuance and public sale of one or more series of its limited tax general obligation bond anticipation notes in an aggregate principal amount, together with any bonds or notes outstanding, not to exceed $150,000,000 outstanding at any one time 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 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 advisor, and
WHEREAS, the Finance Director has determined that a series of such bond anticipation notes authorized pursuant to the Ordinance, designated as the county's Limited Tax General Obligation Bond Anticipation Notes, 2012, in the aggregate principal amount of $73,395,000 (the "2012 Notes"), be sold as provided herein, and
WHEREAS, in accordance with the Ordinance and Motion 13416 of the county, adopted February 14, 2011, the county issued its Limited Tax General Obligation Bond Anticipation Notes, 2011, Series A (the "2011 Notes") in the principal amount of $40,000,000 and dated March 1, 2011, and
WHEREAS, currently, none of the bonds authorized by ...

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